Aduro Clean Technologies Closes Over-Allotment Option, Raises $3M in US Public Offering

Aduro Clean Technologies has closed the underwriter's over-allotment option in a public offering, issuing 260,869 common shares and warrants to purchase an additional 130,434 common shares for total gross proceeds of approximately US$3 million. The company plans to use the net proceeds for expenditures related to the construction of its Demonstration-Scale Plant and ongoing research and development. D. Boral Capital LLC acted as lead Underwriter for the Offering.