Aduro Clean Technologies announced the pricing of its underwritten U.S. public offering of 1,739,130 common shares, together with accompanying warrants to purchase 869,565 common shares for gross proceeds of approximately $20M, before deducting underwriting discounts and offering expenses. The common shares are being sold in combination with an accompanying half warrant. Each whole warrant has an exercise price of $16.00 per share, will become exercisable immediately and will expire three years from the date of issuance. D. Boral Capital is acting as lead underwriter for the Offering. Roth Capital Partners is acting as Financial Advisor for the Offering. Aduro intends to use the net proceeds from the offering for expenditures related to the construction of its Demonstration-Scale Plant and the remainder for ongoing research and development, general corporate purposes and working capital. The Offering is expected to close on or about December 22, 2025, subject to the satisfaction of customary closing conditions.
Aduro Clean Technologies Inc. is a Canada-based clean technology company. The Company is a developer of water-based technologies to 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. Its chemical recycling platform features three water-based technologies, such as Hydrochemolytic Plastics Upcycling (HPU), Hydrochemolytic Renewables Upgrading (HRU) and Hydrochemolytic Bitumen Upgrading (HBU). Its Plastics Upcycling application converts waste plastics into feedstocks for producing new plastics or hydrocarbon fuels. Its HRU transform renewable oils into renewable motor fuels, sustainable aviation fuel (SAF), and specialty chemicals in scalable formats that can be integrated straightforwardly into existing operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
