Aduro Clean Technologies Announces Closing of US$20 Million Underwritten Public Offering

Executive Summary

• Aduro Clean Technologies closed an underwritten U.S. public offering of 1,739,130 common shares and accompanying warrants for gross proceeds of approximately US$20 million.
• The offering included a 45‑day over‑allotment option for up to an additional 260,869 shares (or related warrants).
• Net proceeds are earmarked primarily for the construction of the company’s Demonstration‑Scale Plant, with any remainder allocated to R&D, general corporate purposes, and working capital.

Key Details

• Offering Size: 1,739,130 common shares plus warrants to purchase 869,565 common shares (half‑warrant structure).
• Gross Proceeds: ~US$20 million before underwriting discounts and offering expenses.
• Warrant Terms: Each whole warrant exercisable into one share at US$16.00 per share; exercisable immediately; expires three years from issuance.
• Lead Underwriter: D. Boral Capital LLC (lead); Roth Capital Partners acted as financial advisor.
• Over‑Allotment Option: Up to 260,869 additional common shares and/or warrants for an extra 130,434 common shares.
• Regulatory Filings: Offering made pursuant to an effective shelf registration statement on Form F‑10 (File No. 333‑292023) filed Dec 15 2025; Canadian short‑form base shelf prospectus dated Dec 15 2025. Final prospectus supplement filed with securities regulators in BC, Ontario, and the SEC.
• Use of Proceeds: Primarily to fund construction of a Demonstration‑Scale Plant; any excess for ongoing R&D, general corporate purposes, and working capital.
• Offering Scope: Securities offered and sold only in the United States; no Canadian purchasers.

Notable Quotes

(No executive quotes were included in the release.)