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Aduro Clean Technologies Inc. (CSE:ACT) (OTCQX:ACTHF) (FSE:9D50), a Canadian technology company specializing in transforming lower-value feedstocks into valuable resources, has announced the public filing of a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC). This filing relates to a proposed initial public offering (IPO) of its common shares in the United States.
In conjunction with the IPO, Aduro seeks to list its common shares on the NYSE. The exact number of shares to be offered and the offering price are yet to be determined. The offering is anticipated to proceed after the SEC's review process, contingent upon market conditions and other customary prerequisites. There is no guarantee regarding the completion of the offering, the specific terms, or the listing approval of the common shares on the NYSE.
EF Hutton LLC will serve as the sole book-running manager for the proposed offering.
About Aduro Clean Technologies
Aduro Clean Technologies is pioneering innovative, patented water-based technologies aimed at the chemical recycling of waste plastics, converting heavy crude and bitumen into lighter, more valuable oil, and transforming renewable oils into higher-value fuels or renewable chemicals. The company's core technology, known as Hydrochemolytic™, uses water as a critical agent in a chemistry platform that operates at relatively low temperatures and costs. This technology represents a groundbreaking approach, enabling the conversion of low-value feedstocks into valuable resources for modern applications.
Aduro’s mission is to leverage the power of chemistry to create sustainable solutions for the 21st century, addressing key environmental and economic challenges associated with waste and resource management. The proposed U.S. IPO and potential NYSE listing are significant steps in Aduro's growth strategy, providing the company with greater visibility and access to capital markets to further its technological advancements and market reach.
