Aduro Clean Technologies (ADUR) said late Thursday it has closed its underwritten US and Canadian public offering of 1.03 million common shares at a price of $15.20 per share for gross proceeds of $15.6 million.
The company said it plans to use the net proceeds for expenditures related to the design, engineering and construction of its first-of-a-kind demonstration-scale industrial plant, ongoing research and development costs, as well as for general corporate purposes and working capital.
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