Northwire Canada EditionSunday, October 18, 2026
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Financings

Aduro closes underwriter's overallotment option

ACT · Price

Executive Summary

  • Aduro Clean Technologies announced the closing of its underwriter's over-allotment option for a previously announced underwritten U.S. public offering of common shares and warrants.
  • The transaction generated approximately $3 million in gross proceeds through the issuance of 260,869 common shares and 130,434 accompanying warrants.
  • Net proceeds will be primarily directed toward the construction of a demonstration-scale plant, with remaining funds allocated to research and development, general corporate purposes, and working capital.

Key Details

  • Gross Proceeds: Approximately $3 million (U.S.)
  • Shares Issued: 260,869 common shares
  • Warrants Issued: 130,434 warrants to purchase common shares
  • Warrant Structure: Common shares sold in combination with a half warrant (each whole warrant = 2 half warrants); each whole warrant is exercisable into one common share
  • Warrant Terms: Exercise price of $16 (U.S.) per share; exercisable immediately; expires three years from issuance date
  • Underwriter: D. Boral Capital LLC (lead underwriter)
  • Financial Adviser: Roth Capital Partners
  • Use of Proceeds: Construction of demonstration-scale plant, continuing R&D, general corporate purposes, and working capital
  • Regulatory Filing: Made pursuant to an effective shelf registration statement on Form F-10 (file No. 333-292023), filed with the SEC on Dec. 15, 2025
  • Offering Scope: U.S. public offering only; no securities offered or sold to Canadian purchasers
  • Prospectus Documentation: Final prospectus supplement filed with the SEC and applicable Canadian securities commissions (British Columbia and Ontario)
Read the original news release →

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