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Aduro Clean Technologies Priced, Nasdaq: ADUR

Canadian developer of chemical recycling technologies.

Industry: Industrials

Latest Trade: $5.46 0.00 (0.0%)

First Day Return: 0.0%

Return from IPO: +28.5%

Industry: Industrials

We are an early-stage, Ontario-based clean technology company that has developed a highly flexible chemical recycling platform featuring three unique technologies: Hydrochemolytic Plastics Upcycling, Hydrochemolytic Bitumen Upgrading, and Hydrochemolytic Renewables Upgrading. As of today, through acquisition and development, we own eight US-based patents, seven granted and one pending. Our future business model is based principally on licensing, royalties, and research and development. However, we are still investigating different business models that may be a better fit to our operations and bring greater value to our stakeholders. Monetization of our platform through a licensing model reduces our need for capital while enabling a pathway to commercialization that management of our company believes is relatively straightforward, timely, and capital efficient. We are developing commercial partnerships by means of demonstration projects. Management believes this strategy has been demonstrated to be very effective for building a pipeline of customer interests and agreements. Deliverables include reports that detail: the technology; its performance; the key parameters and operational variables; economic considerations; operational considerations, and environmental considerations including greenhouse gases ("GHG") footprint and life cycle analysis.
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IPO Data
IPO File Date 07/23/2024
Offer Price $4.25
Price Range $4.25 - $5.00
Offer Shares (mm) 0.9
Deal Size ($mm) $4
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/06/2024
Offer Price $4.25
Price Range $4.25 - $5.00
Offer Shares (mm) 0.9
Deal Size ($mm) $4
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Craft Capital Management
D. Boral Capital
Company Data
Headquarters London, Canada
Founded 2011
Employees at IPO 19
Website www.adurocleantech.com

Aduro Clean Technologies (ADUR) Performance