Aduro Clean Tech prices $20M underwritten public offering

Aduro Clean Tech (ADUR)nologies announced the pricing of its underwritten U.S. public offering of 1,739,130 common shares, together with accompanying warrants to purchase 869,565 common shares for gross proceeds of approximately $20M, before deducting underwriting discounts and offering expenses. The common shares are being sold in combination with an accompanying half warrant. Each whole warrant has an exercise price of $16.00 per share, will become exercisable immediately and will expire three years from the date of issuance. D. Boral Capital is acting as lead underwriter for the Offering. Roth Capital Partners is acting as Financial Advisor for the Offering. Aduro intends to use the net proceeds from the offering for expenditures related to the construction of its Demonstration-Scale Plant and the remainder for ongoing research and development, general corporate purposes and working capital. The Offering is expected to close on or about December 22, 2025, subject to the satisfaction of customary closing conditions.