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News  ›  Benzinga

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

Benzinga Logo Benzinga By Globe Newswire
Aduro Clean Technologies Announces Closing of US$20 Million Underwritten Public Offering

Aduro Clean Technologies (NASDAQ: ADUR) announced the successful closing of its underwritten public offering, raising approximately US$20 million through the sale of 1,739,130 common shares and warrants. The company plans to use the net proceeds for construction of its Demonstration-Scale Plant and ongoing research and development. D. Boral Capital LLC served as lead underwriter for the offering.

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ADUR   positive

The company successfully closed a $20 million underwritten public offering, demonstrating investor confidence and providing capital for expansion of its Demonstration-Scale Plant and R&D activities. This is a positive development for funding growth initiatives in their clean technology business.