IPO - ADURO CLEAN TECHNOLOGIES INC.
Form Type: SUPPL
Filing Date: 2025-06-11
Corporate Action: Ipo
Type: New
Accession Number: 000106299325011353
Filing Summary: On June 9, 2025, Aduro Clean Technologies Inc. announced a new public offering of 947,868 units priced at US$8.44 per unit, totaling approximately US$8 million. Each unit consists of one common share and one-half of a warrant to purchase additional shares at US$10.13. The offering is made outside of Canada with no units being sold within Canada. The closing of the offering is expected to occur on or about June 11, 2025. The document highlights that there are significant risks involving the acquisition of the units, and investors should consider these risks before participating. The offering will proceed under the registration statement on Form F-10 with the SEC. The document provides details about underwriter D. Boral Capital LLC, the pricing structure, and regulatory approvals needed to proceed with the sale outside Canada. It also discusses potential over-allotment options granted to the underwriter, estimated offering expenses, and the potential for volatility in the corporation's stock price after the offering.
Additional details:
Units Offered: 947868
Offering Price Per Unit: 8.44
Total Offering Amount: 8000005.92
Warrant Exercise Price: 10.13
Common Share Closing Price Nasdaq: 9.93
Common Share Closing Price Cse: 13.58
Common Share Closing Price Fse: 8.75
Underwriter Name: D. Boral Capital LLC
Expected Closing Date: 2025-06-11
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