Aduro clean technologies announces second partial exercise of over-allotment option

London, ontario, dec. 11, 2024 (globe newswire) -- aduro clean technologies inc. (“aduro” or the “company”) (nasdaq: adur) (cse: act) (fse: 9d5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21ˢᵗ century, today announced that the underwriters of its underwritten u.s. public offering (the “offering”) have, for a second time, partially exercised their over-allotment option to purchase an additional 22,470 common shares at the public offering price of us$4.25 per share. after giving effect to the partial exercise of the over-allotment option, the company sold an aggregate 1,063,647 common shares for gross proceeds of approximately us$4.52 million, before deducting underwriter discounts and other related expenses.
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