Canadian chemical recycling firm Aduro Clean Technologies plans a $5M IPO on Oct 7, offering 1.1M shares at $4.25-$5 each.

Aduro Clean Technologies, a Canadian firm specializing in chemical recycling, plans to raise $5 million in an IPO on October 7, offering 1.1 million shares priced between $4.25 and $5 each. Over the past year, it reported $340,000 in revenue and a net loss of $7.4 million. Aduro holds eight U.S. patents and focuses on licensing and partnerships to advance its recycling technologies for plastics and bitumen.

September 29, 2024
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