CNSX:ACTSoftware
Why Aduro Clean Technologies (CNSX:ACT) Is Down 7.5% After $20M Equity Offering To Fund Demo Plant
Aduro Clean Technologies has completed a US$20,000,000 U.S. public offering of 1,739,130 common shares and 869,565 accompanying warrants to fund its operations.
The company plans to use the net proceeds primarily to construct a demonstration-scale plant, a key step toward commercializing its recycling and upgrading technologies.
We’ll now examine how funding the demonstration-scale plant through this US$20,000,000 offering could influence Aduro Clean Technologies’ investment narrative.
These...