Aduro Clean prices $20-million (U.S.) public offering

Executive Summary

• Aduro Clean Technologies Inc. has priced an underwritten U.S. public offering of 1,739,130 common shares and accompanying warrants for gross proceeds of approximately $20 million (U.S.).
• The offering includes half warrants exercisable into common shares at $16 per share, expiring three years from issuance.
• Net proceeds are designated for the construction of a demonstration-scale plant, with remaining funds allocated to R&D, general corporate purposes, and working capital.

Key Details

• Gross Proceeds: Approximately $20 million (U.S.).
• Shares Offered: 1,739,130 common shares.
• Warrants: Accompanying warrants to purchase 869,565 common shares (sold as half-warrants, with each whole warrant exercisable into one common share).
• Warrant Terms:
  • Exercise Price: $16 (U.S.) per share.
  • Exercisability: Immediately.
  • Expiration: Three years from the date of issuance.
• Overallotment Option: Underwriters granted a 45-day option to purchase up to an additional 260,869 common shares and/or warrants to purchase an additional 130,434 common shares.
• Use of Proceeds: Expenditures related to the construction of its demonstration-scale plant; remainder for continuing research and development, general corporate purposes, and working capital.
• Closing Date: Expected on or about December 22, 2025, subject to customary closing conditions.
• Underwriter: D. Boral Capital LLC (Lead Underwriter).
• Financial Adviser: Roth Capital Partners.
• Regulatory Filings: Made pursuant to an effective shelf registration statement on Form F-10 (file No. 333-292023) and a Canadian short-form base shelf prospectus dated December 15, 2025.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.