Aduro Clean Technologies Inc. (Nasdaq: ADUR) (TSX: ACT) (FSE: 9D5), a clean technology company specializing in transforming lower value feedstocks such as waste plastics, heavy bitumen, and renewable oils into valuable resources, has announced the closing of its underwritten U.S. and Canadian public offering. The offering generated gross proceeds of US$15,635,404 through the sale of 1,028,645 common shares at a price of US$15.20 (C$21.20) per share, before deducting underwriting discounts and offering expenses.
Offering Details
Canaccord Genuity served as the sole bookrunning manager and representative of the several underwriters for the public offering. The offering was conducted concurrently in the United States and the Canadian provinces of British Columbia and Ontario, under an effective shelf registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission (SEC) on December 15, 2025, and a Canadian short form base shelf prospectus of the same date, supplemented by a prospectus supplement dated June 10, 2026.
Use of Proceeds
Aduro plans to allocate the net proceeds from the offering primarily to expenditures related to the design, engineering, and construction of its first-of-a-kind demonstration-scale industrial plant (FOAK Plant). Additionally, funds will support ongoing research and development costs, with the remainder used for general corporate purposes and working capital.
Regulatory Filings
The base shelf prospectus and prospectus supplement have been filed with securities regulatory authorities in British Columbia and Ontario, as well as with the SEC. These documents are available for free on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov). Copies can also be obtained from Canaccord Genuity LLC.
The public offering was conditionally approved by the Toronto Stock Exchange (TSX) and remains subject to customary post-closing conditions.
About Aduro Clean Technologies
Aduro Clean Technologies is a developer of patented water-based technologies that chemically recycle waste plastics, convert heavy crude and bitumen into lighter, more valuable oil, and transform renewable oils into higher-value fuels or renewable chemicals. The company's Hydrochemolytic technology uses water as a critical agent in a low-temperature, cost-effective chemistry platform, offering a game-changing approach to converting low-value feedstocks into resources for the 21st century.
This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such activity would be unlawful.
