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Aduro Clean Technologies Announces Filing of Registration Statement in Connection with Proposed Initial Public Offering in the United States
LONDON, Ontario, July 23, 2024 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. ("Aduro" or the "Company") (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50), a Canadian 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, is pleased to announce that it has publicly filed a registration statement on Form F-1 with the Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of its common shares in the United States (the "Offering").
In connection with the Offering, Aduro has also applied to list its common shares on the NYSE American exchange ("NYSE"). The number of shares to be offered and the offering price for the Offering have not yet been determined. The Offering is expected to take place after the SEC completes its review process, subject to market and other customary conditions, and there can be no assurance as to whether or when the Offering may be completed, as to the actual size or terms of the Offering, or whether the common shares will be accepted for trading on the NYSE.
EF Hutton LLC is acting as sole book-running manager for proposed Offering.
The proposed Offering will be made pursuant to a prospectus. Copies of the preliminary prospectus related to the Offering, when available, may be obtained on the SEC's website, www.sec.gov, or upon request from: EF Hutton LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022.
In addition to, and in preparation for, the new listing on NYSE, and subject to approval by the Canadian Securities Exchange (the "CSE"), Aduro will undertake a consolidation of its issued ...