Aduro Clean Technologies Announces Effective Date for Share Consolidation and Conversion of Class B Special Warrants
Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50) has announced a 3.25-to-1 share consolidation effective August 20, 2024. The company's issued and outstanding shares will decrease from 88,316,467 to approximately 27,174,297. The stock symbol remains 'ACT' with a new CUSIP number 007408206.
Additionally, Aduro has converted its Class B Special Warrants, resulting in the issuance of 4,102,563 post-consolidation shares. This conversion follows the achievement of the Second Milestone in the Securities Exchange Agreement with Aduro Energy Inc.
Aduro Clean Technologies specializes in water-based technologies for recycling waste plastics, converting heavy crude and bitumen, and transforming renewable oils into higher-value fuels or chemicals. Their Hydrochemolytic™ technology operates at relatively low temperatures and costs, aiming to convert low-value feedstocks into valuable resources.
Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50) ha annunciato una consolidazione azionaria di 3,25 a 1 che sarà efficace dal 20 agosto 2024. Le azioni emesse e in circolazione della società scenderanno da 88.316.467 a circa 27.174.297. Il simbolo azionario rimarrà 'ACT' con un nuovo numero CUSIP 007408206.
Inoltre, Aduro ha convertito i suoi Warrant Speciali di Classe B, portando all'emissione di 4.102.563 azioni post-consolidamento. Questa conversione segue il raggiungimento del Secondo Obiettivo nell'Accordo di Scambio di Titoli con Aduro Energy Inc.
Aduro Clean Technologies è specializzata in tecnologie a base d'acqua per il riciclaggio della plastica di scarto, la conversione di greggio pesante e bitume, e la trasformazione di oli rinnovabili in combustibili o sostanze chimiche di maggior valore. La loro tecnologia Hydrochemolytic™ opera a temperature e costi relativamente bassi, con l'obiettivo di convertire materiali di scarsa qualità in risorse preziose.
Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50) ha anunciado una consolidación de acciones de 3,25 a 1 que será efectiva el 20 de agosto de 2024. Las acciones emitidas y en circulación de la empresa se reducirán de 88.316.467 a aproximadamente 27.174.297. El símbolo de las acciones seguirá siendo 'ACT' con un nuevo número CUSIP 007408206.
Además, Aduro ha convertido sus Warrant Especiales de Clase B, lo que resulta en la emisión de 4.102.563 acciones post-consolidación. Esta conversión sigue el logro del Segundo Hito en el Acuerdo de Intercambio de Valores con Aduro Energy Inc.
Aduro Clean Technologies se especializa en tecnologías a base de agua para el reciclaje de plásticos desechados, la conversión de crudo pesado y betún, y la transformación de aceites renovables en combustibles o productos químicos de mayor valor. Su tecnología Hydrochemolytic™ opera a temperaturas y costos relativamente bajos, con el objetivo de convertir materias primas de bajo valor en recursos valiosos.
Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50)는 2024년 8월 20일부터 3.25 대 1의 주식 통합을 발표했습니다. 회사의 발행 및 유통 주식 수는 88,316,467주에서 약 27,174,297주로 줄어듭니다. 주식 기호는 'ACT'로 유지되며 새로운 CUSIP 번호는 007408206입니다.
또한, Aduro는 클래스 B 특별 보증을 전환하여 통합 후 4,102,563주의 주식을 발행하게 되었습니다. 이 전환은 Aduro Energy Inc.와의 증권 교환 계약에서 두 번째 이정표를 달성한 뒤 이루어졌습니다.
Aduro Clean Technologies는 수성 기술을 전문으로 하여 폐플라스틱 재활용, 중유 및 비투멘 변환, 재생 가능 오일을 더 높은 가치의 연료나 화학물질로 전환하는 기술을 제공합니다. 그들의 Hydrochemolytic™ 기술은 상대적으로 낮은 온도와 비용에서 작동하며, 저가의 원자재를 가치 있는 자원으로 전환하는 것을 목표로 하고 있습니다.
Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50) a annoncé une consolidation d'actions de 3,25 pour 1 qui entrera en vigueur le 20 août 2024. Les actions émises et en circulation de la société passeront de 88 316 467 à environ 27 174 297. Le symbole boursier restera 'ACT' avec un nouveau numéro CUSIP 007408206.
De plus, Aduro a converti ses bons de souscription spéciaux de Classe B, ce qui a entraîné l'émission de 4 102 563 actions post-consolidation. Cette conversion fait suite à l'atteinte du deuxième jalon dans l'accord d'échange de titres avec Aduro Energy Inc.
Aduro Clean Technologies se spécialise dans les technologies à base d'eau pour le recyclage des plastiques en déchets, la conversion du pétrole brut lourd et du bitume, et la transformation des huiles renouvelables en combustibles ou produits chimiques de plus grande valeur. Leur technologie Hydrochemolytic™ fonctionne à des températures et des coûts relativement bas, visant à convertir des matières premières de faible valeur en ressources précieuses.
Aduro Clean Technologies Inc. (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50) hat eine Aktienkonsolidierung von 3,25 zu 1 angekündigt, die am 20. August 2024 in Kraft tritt. Die ausgegebenen und ausstehenden Aktien des Unternehmens werden von 88.316.467 auf etwa 27.174.297 sinken. Das Börsenkürzel bleibt 'ACT' mit einer neuen CUSIP-Nummer 007408206.
Darüber hinaus hat Aduro seine Klasse B Sonderwarrants umgewandelt, was zur Ausgabe von 4.102.563 Aktien nach der Konsolidierung führt. Diese Umwandlung folgt dem Erreichen des zweiten Meilensteins im Wertpapier-Tauschvertrag mit Aduro Energy Inc.
Aduro Clean Technologies spezialisiert sich auf wasserbasierte Technologien zur Wiederverwertung von Abfallkunststoffen, zur Umwandlung von schwerem Rohöl und Bitumen sowie zur Umwandlung von erneuerbaren Ölen in höherwertige Brennstoffe oder Chemikalien. Ihre Hydrochemolytic™-Technologie funktioniert bei relativ niedrigen Temperaturen und Kosten und zielt darauf ab, minderwertige Rohstoffe in wertvolle Ressourcen umzuwandeln.
- Share consolidation may improve stock liquidity and attract institutional investors
- Conversion of Class B Special Warrants indicates achievement of business milestones
- Proprietary Hydrochemolytic™ technology offers potential for efficient resource conversion
- Share consolidation reduces total number of outstanding shares, potentially affecting shareholder positions
- Issuance of new shares from warrant conversion may lead to dilution of existing shareholders' stakes
LONDON, Ontario, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50), a Canadian technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, announces that it intends to consolidate the common shares of the Company (each, a “Share”) on the basis of three and one quarter (3.25) pre-consolidation Shares for one (1) post-consolidation Share (the “Consolidation”). The Consolidation will become effective at the opening of the market on August 20, 2024. The symbol “ACT” will remain the same. The new CUSIP number is 007408206.
Currently, a total of 88,316,467 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 27,174,297 Shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized Shares. Computershare Investor Services Inc. will mail out a Letter of Transmittal to the shareholders of record on August 20, 2024, providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their Letter of Transmittal, to Computershare Investor Services Inc. in accordance with the instructions in the Letter of Transmittal.
The Company also announces the conversion of the Class B Special Warrants upon meeting the Second Milestone in the Securities Exchange Agreement between the Company and Aduro Energy Inc. dated October 22, 2020, as amended. As a result of the conversion, the Company issued an aggregate of 4,102,563 post-Consolidation Shares.
About Aduro Clean Technologies
Aduro Clean Technologies is a developer of patented 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. The Company’s Hydrochemolytic™ technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century.
For further information, please contact:
Ofer Vicus, CEO
ovicus@adurocleantech.com
Abe Dyck, Investor Relations
ir@adurocleantech.com
+1 226 784 8889
KCSA Strategic Communications
Jack Perkins, Vice President
aduro@kcsa.com
Forward-Looking Statements
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects, or anticipates will or may occur in the future, are forward-looking statements. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Important factors that could cause actual results to differ materially from the Company’s expectations include adverse market conditions and other factors beyond the control of the parties. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events, or otherwise, except as required by applicable law.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f3d15b3a-d0bb-4c63-9352-4390bd91f660
FAQ
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