Aduro Clean Technologies Inc.

Aduro Clean Technologies Inc. (ACT) priced its initial public offering on Nov 8, 2024 at $4.25 per share, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $119.7M. Craft Capital was lead-left underwriter. Cozen O’Connor advised the company and Sichenzia Ross Ference Carmel advised the underwriters.

Aduro Clean Technologies Inc. is an early-stage, Ontario-based clean technology company with a chemical recycling platform using Hydrochemolytic technology to upgrade waste plastics, bitumen and renewable oils into higher value products. Its planned business model relies on licensing, royalties and research.

Status

IPO

Ticker

ACT

Exchange

Nasdaq Capital Market

Priced

Nov 8, 2024

IPO price

$4.25

Market cap at IPO price

$119.7M

First filed

Jul 23, 2024

Underwriters

Craft Capital

Company counsel

Cozen O’Connor

Underwriters' counsel

Sichenzia Ross Ference Carmel

Sector

Industrials & materials

Country / state

Ontario, Canada

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.