Aduro Clean Technologies Inc. Public Offering

Aduro Clean Technologies Inc. has announced the successful closing of its underwritten public offering, raising US$15.64 million. The offering consisted of 1,028,645 common shares priced at US$15.20 each. The company intends to use the net proceeds for the design, engineering, and construction of its first demonstration-scale industrial plant, ongoing research and development, and general corporate purposes. The offering was conducted in the United States and Canadian provinces of British Columbia and Ontario. Canaccord Genuity served as the sole bookrunning manager. The common shares received conditional approval for listing on the Toronto Stock Exchange, subject to customary closing conditions.