Aduro Clean Technologies prices $15.6 million public offering

Aduro Clean Technologies Inc. (NASDAQ: ADUR) (TSX: ACT) announced the pricing of an underwritten public offering of 1,028,645 common shares at $15.20 per share, generating gross proceeds of $15.64 million before fees and expenses.

The company simultaneously launched a concurrent private placement of up to 471,698 common shares at the same price, potentially raising an additional $7.17 million. Combined, the offerings could generate up to $22.81 million in gross proceeds.

Canaccord Genuity serves as sole bookrunner for the public offering. The public offering is expected to close on June 11, 2026, subject to customary closing conditions including listing approvals from the Toronto Stock Exchange and Nasdaq Capital Market.

Aduro plans to use net proceeds for expenditures related to designing, engineering and constructing a demonstration-scale industrial plant, ongoing research and development costs, and general corporate purposes and working capital.

The private placement, termed the LIFE Offering, targets purchasers in all Canadian provinces except Quebec under the listed issuer financing exemption. The offering may close in one or more tranches on or around the public offering closing date, or within 45 days of the announcement.

The public offering operates under an effective shelf registration statement filed with the SEC in December 2025 and a Canadian base shelf prospectus from the same period.

Aduro develops water-based technologies for chemically recycling waste plastics, converting heavy crude and bitumen into lighter oil, and transforming renewable oils into higher-value fuels or chemicals.

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