{"success":true,"data":{"pressRelease":{"id":"61795","rtpr_id":"nGNEgJ663","ticker":"ADUR","exchange":"NASDAQ","all_tickers":["ADUR","ACT"],"title":"Aduro Clean Technologies Announces Closing $15.54 Million Underwritten Public Offering","author":"Globe Newswire","published_at":"2026-06-11T20:00:00.303Z","article_body":"LONDON, Ontario, June 11, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies\nInc\n(https://www.globenewswire.com/Tracker?data=tU7G90xDCphxVTM5FlHRwQGs5Jem1C660OaI2PimT4-eKkRACsbNj6mu0qVxgsIgTCPYK7q8_mA2faxi-dOFqBecrYGo-F8w5meFY62YSzRqG1YmzJn2FNCcjuCmmxq5pHZO7z8NdUybfQpk2XtMKLs-5JGjTxd4PQppbuCx4eusLjd6jfyhsv-ILMFZMb5RGhUoqI5SSQdwDq4rN_PETA==).\n(“Aduro” or the “Company”) (Nasdaq: ADUR) (TSX: ACT) (FSE: 9D5), a\nclean technology company using the power of chemistry to transform lower value\nfeedstocks, like waste plastics, heavy bitumen, and renewable oils, into\nresources for the 21(st) century, today announced the closing of its\nunderwritten U.S. and Canadian public offering (the “Public Offering”) of\n1,028,645 common shares at a price of US$15.20 (C$21.20) per common share for\ngross proceeds to the Company of US$15,635,404, before deducting underwriting\ndiscounts and offering expenses.\n\nCanaccord Genuity acted as sole bookrunning manager and representative of the\nseveral underwriters in connection with the Public Offering.\n\nAduro intends to use the net proceeds from the Public Offering for\nexpenditures related to the design, engineering and construction of its\nfirst-of-a-kind demonstration-scale industrial plant (the “FOAK Plant”),\nongoing research and development costs and the remainder for general corporate\npurposes and working capital.\n\nThe Public Offering was made concurrently in the United States and in the\nCanadian provinces of British Columbia and Ontario pursuant to an effective\nshelf registration statement on Form F-10, as amended (File No. 333-292023),\npreviously filed with the U.S. Securities and Exchange Commission (the\n“SEC”) on December 15, 2025, and effective upon filing, and the\nCompany’s Canadian short form base shelf prospectus dated December 15, 2025,\nas supplemented by the prospectus supplement dated June 10, 2026.\n\nThe base shelf prospectus and the prospectus supplement relating to the Public\nOffering have been filed with the securities regulatory authorities in British\nColumbia and Ontario and with the SEC in the United States, and are available\nfor free under the Company’s profiles on SEDAR+ maintained by the Canadian\nSecurities Administrators at www.sedarplus.ca and on the SEC’s website for\nEDGAR at www.sec.gov, as applicable. Copies of the prospectus supplement and\naccompanying base shelf prospectus may also be obtained from Canaccord Genuity\nLLC, Attn: Syndication Department, 1 Post Office Square, 30th Floor, Boston,\nMA 02109, or by email at prospectus@cgf.com.\n\nThis press release shall not constitute an offer to sell, or the solicitation\nof an offer to buy, any of the Company’s securities, nor shall such\nsecurities be offered or sold in the United States absent registration or an\napplicable exemption from registration, nor shall there be any offer,\nsolicitation, or sale of any of the Company’s securities in any state or\njurisdiction in which such offer, solicitation or sale would be unlawful prior\nto registration or qualification under the securities laws of such state or\njurisdiction.\n\nAll foreign exchange calculations set forth in this press release are based on\nthe exchange rate posted by the Bank of Canada on June 9, 2026 of US$1 =\nC$1.3947. The Public Offering was conditionally approved by the Toronto Stock\nExchange (“TSX”) and remains subject only to customary post-closing\nconditions of the TSX.\n\nAbout Aduro Clean Technologies\n\nAduro Clean Technologies is a developer of patented water-based technologies\nto chemically recycle waste plastics; convert heavy crude and bitumen into\nlighter, more valuable oil; and transform renewable oils into higher-value\nfuels or renewable chemicals. The Company’s Hydrochemolytic™ technology\nrelies on water as a critical agent in a chemistry platform that operates at\nrelatively low temperatures and cost, a game-changing approach that converts\nlow-value feedstocks into resources for the 21st century.\n\nFor further information, please contact:\n\nAbe Dyck, Head of Corporate Development / Investor Relations\nir@adurocleantech.com\n+1 226 784 8889\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of applicable United States securities laws, and “forward-looking\ninformation” within the meaning of Canadian securities laws (collectively,\n“forward-looking statements”). All statements, other than statements of\nhistorical facts, included in this press release are forward-looking\nstatements. The material factors and assumptions used to develop the\nforward-looking statements contained in this press release include the\nCompany’s understanding and belief of current market conditions; approved\nbusiness plans and regulatory approvals with respect to the FOAK Plant and\nother pilot plants; continued progress in research and development activities;\nresults of ongoing test work for technological and process improvements; the\nCompany’s experience with regulators; and the continuation of positive\neconomic conditions. When used in this press release, the words “plan”,\n“potential,” “indicate,” “expect,” “intend,” “believe,”\n“may,” “will,” “if,” “anticipate,” and similar expressions are\nintended to identify forward-looking statements. These forward-looking\nstatements include, without limitation, references to the Company’s\nanticipated use of net proceeds from the Public Offering, statements regarding\nfinal regulatory approvals for the Public Offering and the anticipated receipt\nthereof. These statements are not guarantees of future performance and are\nsubject to certain risks, uncertainties and assumptions that are difficult to\npredict. Factors that could cause actual results to differ include, but are\nnot limited to, risks and uncertainties related to factors that result in\nchanges to the Company’s anticipated use of proceeds, including those which\nmay affect the Company’s expectations with respect to its FOAK Plant or\nother pilot plants. These and other risks and uncertainties are described more\nfully in the section captioned “Risk Factors” in the Company’s Base\nShelf Prospectus, Prospectus Supplement, management discussion and analyses,\nand its annual information form dated August 27, 2025, each of which is\navailable on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.\nForward-looking statements contained in this announcement are made as of the\ndate hereof, and the Company undertakes no duty to update such information\nexcept as required under applicable law, including the securities laws of the\nUnited States and Canada.\n\n\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/1a55c344-bdb5-494c-a57d-6bf7db9c268e","article_body_html":"","raw_payload":{"data":{"id":"nGNEgJ663","title":"Aduro Clean Technologies Announces Closing $15.54 Million Underwritten Public Offering","author":"Globe Newswire","ticker":"ADUR","created":"2026-06-11T20:00:00.303Z","tickers":["ADUR","ACT"],"exchange":"NASDAQ","article_body":"LONDON, Ontario, June 11, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies\nInc\n(https://www.globenewswire.com/Tracker?data=tU7G90xDCphxVTM5FlHRwQGs5Jem1C660OaI2PimT4-eKkRACsbNj6mu0qVxgsIgTCPYK7q8_mA2faxi-dOFqBecrYGo-F8w5meFY62YSzRqG1YmzJn2FNCcjuCmmxq5pHZO7z8NdUybfQpk2XtMKLs-5JGjTxd4PQppbuCx4eusLjd6jfyhsv-ILMFZMb5RGhUoqI5SSQdwDq4rN_PETA==).\n(“Aduro” or the “Company”) (Nasdaq: ADUR) (TSX: ACT) (FSE: 9D5), a\nclean technology company using the power of chemistry to transform lower value\nfeedstocks, like waste plastics, heavy bitumen, and renewable oils, into\nresources for the 21(st) century, today announced the closing of its\nunderwritten U.S. and Canadian public offering (the “Public Offering”) of\n1,028,645 common shares at a price of US$15.20 (C$21.20) per common share for\ngross proceeds to the Company of US$15,635,404, before deducting underwriting\ndiscounts and offering expenses.\n\nCanaccord Genuity acted as sole bookrunning manager and representative of the\nseveral underwriters in connection with the Public Offering.\n\nAduro intends to use the net proceeds from the Public Offering for\nexpenditures related to the design, engineering and construction of its\nfirst-of-a-kind demonstration-scale industrial plant (the “FOAK Plant”),\nongoing research and development costs and the remainder for general corporate\npurposes and working capital.\n\nThe Public Offering was made concurrently in the United States and in the\nCanadian provinces of British Columbia and Ontario pursuant to an effective\nshelf registration statement on Form F-10, as amended (File No. 333-292023),\npreviously filed with the U.S. Securities and Exchange Commission (the\n“SEC”) on December 15, 2025, and effective upon filing, and the\nCompany’s Canadian short form base shelf prospectus dated December 15, 2025,\nas supplemented by the prospectus supplement dated June 10, 2026.\n\nThe base shelf prospectus and the prospectus supplement relating to the Public\nOffering have been filed with the securities regulatory authorities in British\nColumbia and Ontario and with the SEC in the United States, and are available\nfor free under the Company’s profiles on SEDAR+ maintained by the Canadian\nSecurities Administrators at www.sedarplus.ca and on the SEC’s website for\nEDGAR at www.sec.gov, as applicable. Copies of the prospectus supplement and\naccompanying base shelf prospectus may also be obtained from Canaccord Genuity\nLLC, Attn: Syndication Department, 1 Post Office Square, 30th Floor, Boston,\nMA 02109, or by email at prospectus@cgf.com.\n\nThis press release shall not constitute an offer to sell, or the solicitation\nof an offer to buy, any of the Company’s securities, nor shall such\nsecurities be offered or sold in the United States absent registration or an\napplicable exemption from registration, nor shall there be any offer,\nsolicitation, or sale of any of the Company’s securities in any state or\njurisdiction in which such offer, solicitation or sale would be unlawful prior\nto registration or qualification under the securities laws of such state or\njurisdiction.\n\nAll foreign exchange calculations set forth in this press release are based on\nthe exchange rate posted by the Bank of Canada on June 9, 2026 of US$1 =\nC$1.3947. The Public Offering was conditionally approved by the Toronto Stock\nExchange (“TSX”) and remains subject only to customary post-closing\nconditions of the TSX.\n\nAbout Aduro Clean Technologies\n\nAduro Clean Technologies is a developer of patented water-based technologies\nto chemically recycle waste plastics; convert heavy crude and bitumen into\nlighter, more valuable oil; and transform renewable oils into higher-value\nfuels or renewable chemicals. The Company’s Hydrochemolytic™ technology\nrelies on water as a critical agent in a chemistry platform that operates at\nrelatively low temperatures and cost, a game-changing approach that converts\nlow-value feedstocks into resources for the 21st century.\n\nFor further information, please contact:\n\nAbe Dyck, Head of Corporate Development / Investor Relations\nir@adurocleantech.com\n+1 226 784 8889\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of applicable United States securities laws, and “forward-looking\ninformation” within the meaning of Canadian securities laws (collectively,\n“forward-looking statements”). All statements, other than statements of\nhistorical facts, included in this press release are forward-looking\nstatements. The material factors and assumptions used to develop the\nforward-looking statements contained in this press release include the\nCompany’s understanding and belief of current market conditions; approved\nbusiness plans and regulatory approvals with respect to the FOAK Plant and\nother pilot plants; continued progress in research and development activities;\nresults of ongoing test work for technological and process improvements; the\nCompany’s experience with regulators; and the continuation of positive\neconomic conditions. When used in this press release, the words “plan”,\n“potential,” “indicate,” “expect,” “intend,” “believe,”\n“may,” “will,” “if,” “anticipate,” and similar expressions are\nintended to identify forward-looking statements. These forward-looking\nstatements include, without limitation, references to the Company’s\nanticipated use of net proceeds from the Public Offering, statements regarding\nfinal regulatory approvals for the Public Offering and the anticipated receipt\nthereof. These statements are not guarantees of future performance and are\nsubject to certain risks, uncertainties and assumptions that are difficult to\npredict. Factors that could cause actual results to differ include, but are\nnot limited to, risks and uncertainties related to factors that result in\nchanges to the Company’s anticipated use of proceeds, including those which\nmay affect the Company’s expectations with respect to its FOAK Plant or\nother pilot plants. These and other risks and uncertainties are described more\nfully in the section captioned “Risk Factors” in the Company’s Base\nShelf Prospectus, Prospectus Supplement, management discussion and analyses,\nand its annual information form dated August 27, 2025, each of which is\navailable on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.\nForward-looking statements contained in this announcement are made as of the\ndate hereof, and the Company undertakes no duty to update such information\nexcept as required under applicable law, including the securities laws of the\nUnited States and Canada.\n\n\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/1a55c344-bdb5-494c-a57d-6bf7db9c268e"},"type":"article","timestamp":"2026-06-11T20:00:00.402846894Z","server_sent_at_ms":1781208000402},"received_at":"2026-06-11T20:00:00.463Z","source_url":null},"analysis":{"id":"51219","press_release_id":"61795","analysis_json":{"industry":{"label":"Industrial Conglomerates","sector":"Industrials"},"redFlags":[],"eventType":"offering","narrative":"Aduro Clean Technologies closed an underwritten public offering of 1,028,645 shares at US$15.20 per share, generating gross proceeds of approximately $15.54 million.\n\nThe company intends to use the net proceeds for the design, engineering, and construction of its first-of-a-kind demonstration-scale industrial plant (FOAK Plant), as well as ongoing R&D and general corporate purposes.\n\nCanaccord Genuity acted as sole bookrunning manager. The offering was made concurrently in the U.S. and Canada pursuant to an effective shelf registration statement.","sentiment":"neutral","agentHooks":{"shouldPost":true,"suggestedAngle":"Aduro closes $15.5M equity raise to fund FOAK plant construction; watch for dilution impact and execution updates."},"keyFigures":{"dealValueUsd":15635404,"offeringPrice":15.2,"sharesOffered":1028645,"customDimensions":{"exchangeRate":"1.3947","offeringPriceCAD":21.2}},"quotedText":"Aduro intends to use the net proceeds from the Public Offering for expenditures related to the design, engineering and construction of its first-of-a-kind demonstration-scale industrial plant","namedEntities":{"people":[{"name":"Abe Dyck","role":"Head of Corporate Development / Investor Relations"}],"products":["Hydrochemolytic technology","FOAK Plant"],"companies":[{"name":"Aduro Clean Technologies Inc","ticker":"ADUR","relationship":"filer"},{"name":"Canaccord Genuity","relationship":"underwriter"},{"name":"Toronto Stock Exchange","relationship":"exchange"},{"name":"U.S. Securities and Exchange Commission","relationship":"regulator"}],"dollarAmounts":[{"amount":"US$15,635,404","context":"gross proceeds of the public offering"},{"amount":"US$15.20","context":"per-share offering price in USD"},{"amount":"C$21.20","context":"per-share offering price in CAD"}]},"materialImpact":{"score":3,"reasoning":"The company closed a $15.5M public offering to fund its demonstration-scale plant (FOAK). While the proceeds support critical capital projects, the event represents dilution and execution risk for a pre-revenue developer. The offering price is not stated relative to the prior close, so no discount red flag is applied."},"tickerRelevance":{"others":[],"primary":"ADUR"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"capital_raise","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"neutral","material_impact_score":3,"narrative":"Aduro Clean Technologies closed an underwritten public offering of 1,028,645 shares at US$15.20 per share, generating gross proceeds of approximately $15.54 million.\n\nThe company intends to use the net proceeds for the design, engineering, and construction of its first-of-a-kind demonstration-scale industrial plant (FOAK Plant), as well as ongoing R&D and general corporate purposes.\n\nCanaccord Genuity acted as sole bookrunning manager. The offering was made concurrently in the U.S. and Canada pursuant to an effective shelf registration statement.","key_figures":{"dealValueUsd":15635404,"offeringPrice":15.2,"sharesOffered":1028645,"customDimensions":{"exchangeRate":"1.3947","offeringPriceCAD":21.2}},"named_entities":{"people":[{"name":"Abe Dyck","role":"Head of Corporate Development / Investor Relations"}],"products":["Hydrochemolytic technology","FOAK Plant"],"companies":[{"name":"Aduro Clean Technologies Inc","ticker":"ADUR","relationship":"filer"},{"name":"Canaccord Genuity","relationship":"underwriter"},{"name":"Toronto Stock Exchange","relationship":"exchange"},{"name":"U.S. Securities and Exchange Commission","relationship":"regulator"}],"dollarAmounts":[{"amount":"US$15,635,404","context":"gross proceeds of the public offering"},{"amount":"US$15.20","context":"per-share offering price in USD"},{"amount":"C$21.20","context":"per-share offering price in CAD"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-11T20:01:58.266Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"small-cap","eventGravity":"capital_raise","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"durationMs":117794,"modelName":"george-droid-qwen-72b"}}