D. Boral Capital Manages Aduro Clean Technologies' $8 Million Follow-On Offering

Aduro Clean Technologies Inc., a company specializing in transforming waste into valuable resources, announced the closure of its follow-on offering. The offering involved 947,868 common shares and warrants to purchase an additional 473,934 shares, priced at $8.44 each with gross proceeds reaching approximately $8 million. D. Boral Capital LLC served as the sole bookrunner, guiding the process alongside Aduro's CFO, Mr. Mena Beshay.

The company plans to utilize the proceeds for R&D, constructing a demonstration-scale plant, and general corporate needs. The offering was conducted under a shelf registration with the SEC, focusing exclusively on the U.S. market.

The firm has granted a 45-day option to purchase additional shares. Aduro's commitment to advancing clean technology solutions remains robust, underscored by this successful financial maneuver.