Corporate ActionJun 10, 2026, 09:18 AM
Aduro Raises Up to $22.8M in Public & Private Offerings
AI Summary
Aduro Clean Technologies Inc. announced a combined public offering and non-brokered private placement to raise aggregate gross proceeds of up to US$22,805,214. The public offering involves 1,028,645 common shares at US$15.20 each, totaling US$15,635,404. Concurrently, a private placement of up to 471,698 common shares at the same price aims to raise up to US$7,169,810. The company plans to use the net proceeds for the design, engineering, and construction of a demonstration-scale industrial plant, ongoing research and development, and general corporate purposes.
Key Highlights
- Aduro announced public and private offerings to raise up to $22,805,214 in gross proceeds.
- Public Offering includes 1,028,645 common shares at $15.20 per share.
- Public Offering is expected to generate gross proceeds of $15,635,404.
- Concurrent private placement of up to 471,698 common shares at $15.20 per share.
- Private placement is expected to generate gross proceeds of up to $7,169,810.
- Net proceeds will fund the design, engineering, and construction of a FOAK Plant.
- Public Offering is expected to close on or about June 11, 2026.
Price Impact
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