D. Boral Capital acted as Co-Underwriter for Aduro Clean Technologies Inc. (Nasdaq: ADUR) in Connection with its $4 Million Uplisting to Nasdaq
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 19 2024
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Source: Globenewswire
Public Offering Announcement: Aduro Clean Technologies Inc. closed its U.S. public offering of 941,177 common shares at $4.25 each, raising $4 million before expenses, with an option for underwriters to purchase additional shares.
Use of Proceeds: The net proceeds will fund research and development, construction of a new processing unit, and general corporate purposes, while the offering was not available to Canadian residents.
Analyst Views on ADUR
About ADUR
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.
