Vancouver, BC, December 2, 2024 – Cozen O’Connor LLP announced that it represented Aduro Clean Technologies Inc. (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, in its $4 million U.S. initial public offering and Nasdaq listing.
After giving effect to the partial exercise of the over-allotment option, the Company sold an aggregate 1,041,177 common shares for gross proceeds of approximately US$4.43 million, before deducting underwriter discounts and other related expenses. The option closing date was December 3, 2024.
Craft Capital Management LLC acted as the representative of the underwriters, with D. Boral Capital LLC acting as co-underwriter for the offering.
The Cozen O’Connor team was led by members Andrew Stewart, Jun Ho Song, and associate Manveer Sall.