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Aduro Clean Technologies (Nasdaq: ADUR) announced the second partial exercise of the over-allotment option from its U.S. public offering underwriters, who purchased an additional 22,470 common shares at US$4.25 per share. Following this exercise, the company has sold a total of 1,063,647 common shares, generating gross proceeds of approximately US$4.52 million before deducting expenses.
The company's shares began trading on The Nasdaq Capital Market on November 7, 2024, under 'ADUR'. The proceeds will fund ongoing R&D, construction of the 'Next Generation Process' unit, and general corporate purposes. Craft Capital Management served as the representative underwriter, with D. Boral Capital as co-underwriter. The offering was not available to Canadian residents.
Aduro Clean Technologies has announced the partial exercise of an over-allotment option in its U.S. public offering, with underwriters purchasing an additional 100,000 common shares at US$4.25 per share. The total offering now comprises 1,041,177 common shares, generating gross proceeds of approximately US$4.43 million.
The company's shares began trading on The Nasdaq Capital Market on November 7, 2024, under the ticker symbol 'ADUR'. The net proceeds will be used for research and development, construction of a 'Next Generation Process' unit, and general corporate purposes. Craft Capital Management served as the lead underwriter, with D. Boral Capital as co-underwriter.
Aduro Clean Technologies (Nasdaq: ADUR) (CSE: ACT) announced the voting results from its 2023/2024 annual general meeting held on November 22, 2024. All nominated directors were successfully elected with strong shareholder support. A total of 10,327,618 common shares, representing 37.93% of outstanding shares, were voted by proxy. The elected directors include Ofer Vicus (99.84% approval), James Scott (98.96%), Peter Kampian (99.97%), William Marcus Trygstad (99.97%), and Marie Grönborg (99.97%).
Aduro Clean Technologies (NASDAQ: ADUR) has partnered with Zeton Inc., a global leader in pilot plant design and fabrication, to develop a Hydrochemolytic™ Technology (HCT) Pilot Plant. The 10 kg/hour facility, scheduled for commissioning in Q3 2025, will be located in London, Ontario. This milestone project aims to demonstrate Aduro's modular, scalable solution for converting waste plastics into valuable chemicals. The pilot plant will validate HCT's performance in real-world conditions, processing various plastic waste feedstocks. Zeton brings extensive expertise with over 800 projects delivered across 45+ countries, strengthening Aduro's path to full commercialization.
Aduro Clean Technologies will present at the Advanced Recycling Conference 2024 (ARC24) in Cologne, Germany on November 21st, 2024. Chief Revenue Officer Eric Appelman will showcase the company's Hydrochemolytic™ technology as an alternative to pyrolysis in chemical recycling.
The presentation will highlight how their technology efficiently breaks down mixed plastics into valuable hydrocarbons while removing contaminants in a single process. Key advantages include:
- Lower energy operation
- Higher contamination tolerance
- Higher yield of valuable products
- No molecular hydrogen requirement
- Reduced capital and operating costs
- Modular system capability
Aduro will be exhibiting at Booth 22 throughout the conference, where attendees can learn more about their advanced recycling solutions.
Aduro Clean Technologies has signed a memorandum of understanding (MOU) with GF Building Flow Solutions Americas to explore converting Uponor crosslinked polyethylene (PEX) production waste into valuable raw materials using Aduro's Hydrochemolytic™ Technology (HCT). Initial technical evaluations have shown HCT's ability to break down cross-linked polyethylene for ethylene manufacturing. The collaboration targets the PEX pipe market, expected to reach $2.79 billion by 2032 with a 6.1% CAGR. The partnership aims to develop a sustainable and cost-effective solution for GF's cross-linked polymer waste stream, addressing the significant recycling challenges posed by these durable materials that are widely used in construction, automotive, and other industries.
Aduro Clean Technologies has announced the closing of its US$4 million underwritten public offering and uplisting to Nasdaq. The company offered 941,177 common shares at US$4.25 per share, with trading commencing on November 7, 2024, under the ticker 'ADUR'. The underwriters have a 45-day option to purchase an additional 141,176 shares.
The proceeds will fund research and development, construction of the 'Next Generation Process' unit, and general corporate purposes. Craft Capital Management led the offering with EF Hutton as co-underwriter. The offering was not available to Canadian residents.
Aduro Clean Technologies has announced the pricing of its US$4 million underwritten public offering in the United States, offering 941,177 common shares at US$4.25 per share. The company has received approval to list on the Nasdaq Capital Market under the symbol 'ADUR', with trading expected to begin on November 7, 2024. The offering includes a 45-day option for underwriters to purchase up to 141,176 additional shares. Proceeds will fund research and development, construction of a 'Next Generation Process' unit, and working capital. Craft Capital Management is the lead underwriter, with EF Hutton as co-underwriter.
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