11:03 AM EDT, 06/10/2025 (MT Newswires) -- Aduro Clean Technologies ( ADUR ) , down 19.5% on last look, on Tuesday said it priced its underwritten U.S. public offering at US$8.44 for each share unit made up of a share and half a warrant, to raise US$8 million.

Each three-year warrant can buy a share at US$0.13.

Proceeds will be used for research and development costs, and the construction of a pilot demonstration plant. The offering is expected to close about June 11.

The underwriters have been granted a 45-day over-allotment option to purchase up to an additional 142,180 shares and/or warrants to purchase an additional 71,090 common shares.

The company's shares were last seen down $2.65 to $10.93 on the Canadian Securities Exchange.

Price: 10.81, Change: -2.77, Percent Change: -20.40