Aduro Clean Technologies Announces Partial Exercise of Over-Allotment Option

Group 1 - Aduro Clean Technologies Inc. announced the partial exercise of the over-allotment option in its U.S. public offering, resulting in the sale of 1,041,177 common shares for gross proceeds of approximately US$4.43 million at a price of US$4.25 per share [1][2] - The common shares began trading on The Nasdaq Capital Market under the ticker symbol "ADUR" on November 7, 2024 [1] - The net proceeds from the offering will be used for ongoing research and development costs, expenditures related to the construction of its "Next Generation Process" unit, and general corporate purposes [2] Group 2 - Aduro Clean Technologies specializes in developing patented water-based technologies for recycling waste plastics, converting heavy crude and bitumen into lighter oil, and transforming renewable oils into higher-value fuels or chemicals [6] - The company's Hydrochemolytic™ technology operates at relatively low temperatures and costs, utilizing water as a critical agent to convert low-value feedstocks into valuable resources [6]