Aduro Clean Technologies Announces Closing of Underwriter's Over-Allotment Option in Public Offering

Executive Summary

• Aduro Clean Technologies exercised the underwriter’s over‑allotment option, issuing an additional 260,869 common shares and warrants for a total gross proceeds of approximately US $3 million.
• The securities were sold at US $16.00 per share (exercise price) with warrants exercisable immediately and expiring three years from issuance.
• Net proceeds will primarily fund construction of the company’s Demonstration‑Scale Plant, with any remainder allocated to R&D, general corporate purposes, and working capital.

Key Details

• Over‑Allotment Issuance: 260,869 additional common shares plus warrants for an extra 130,434 common shares (half‑warrant structure).
• Gross Proceeds: Approximately US $3 million from the over‑allotment exercise.
• Warrant Terms: Each whole warrant exercisable at US $16.00 per share, immediately exercisable, expires three years after issuance.
• Underwriters & Advisors: Lead underwriter – D. Boral Capital LLC; financial advisor – Roth Capital Partners.
• Use of Proceeds: Primarily for construction of the Demonstration‑Scale Plant; any excess for ongoing R&D, general corporate purposes, and working capital.
• Regulatory Filings: Offering made under an effective shelf registration statement (Form F‑10) filed Dec 15 2025; Canadian short‑form base shelf prospectus also dated Dec 15 2025. No securities offered to Canadian purchasers.
• Availability of Prospectus: Final prospectus supplement filed with securities regulators in BC, Ontario, and the SEC; accessible via SEDAR+ (www.sedarplus.ca) or the SEC website (www.sec.gov).

Notable Quotes

(No executive quotes were included in the release.)