Aduro Clean Technologies Completes Underwriter's Partial Exercise of Overallotment Option in US Public Offering, Raising $3M

Aduro Clean Technologies has announced the completion of the underwriter's over-allotment option in its public US offering. The company issued 260,869 common shares and warrants to purchase an additional 130,434 common shares, raising approximately $3 million in gross proceeds. The underwriter, D. Boral Capital LLC, acted as the lead underwriter, and Roth Capital Partners served as a financial advisor. The net proceeds will be used for building the company's pilot-scale demonstration plant and ongoing research and development activities.