Aduro Clean Technologies Inc. Announces US$20 Million Public Offering

Aduro Clean Technologies Inc. announced the pricing of its underwritten U.S. public offering of approximately US$20 million. The offering consists of 1,739,130 common shares, along with warrants to purchase 869,565 common shares. Each whole warrant is exercisable into one common share at an exercise price of US$16.00 and expires three years from issuance. D. Boral Capital LLC is the lead underwriter, with Roth Capital Partners acting as financial advisor. The company plans to use the net proceeds for the construction of its Demonstration-Scale Plant, with any remainder allocated to research and development, general corporate purposes, and working capital. The offering is expected to close around December 22, 2025. An over-allotment option for an additional 15% of shares and warrants has also been granted to the underwriters. The offering is made under a shelf registration statement and a Canadian short form base shelf prospectus, with securities offered only in the United States.