Aduro Clean Technologies Announces Stock Consolidation and Conversion of Special Warrants

A New Era for Aduro Clean Technologies

Aduro Clean Technologies Inc., a Canadian technology company that harnesses the power of chemistry to transform low-value resources into high-value ones, has announced that it will be consolidating its common shares on the basis of three and a quarter pre-consolidation shares to one post-consolidation share. This consolidation will take effect on August 20, 2024.

What This Means for Shareholders

The consolidation will reduce the total number of outstanding shares from 88,316,467 to 27,174,297. Computershare Investor Services Inc. will be sending a letter of transmittal to registered shareholders on August 20, 2024, with instructions on how to exchange pre-consolidation share certificates for post-consolidation share certificates.

Aduro’s Mission

Aduro Clean Technologies is dedicated to developing patented water-based technologies to chemically recycle plastic waste, convert heavy oil and bitumen into lighter, more valuable oil, and transform renewable oils into high-value fuels or renewable chemicals. The company’s Hydrochemolytic technology uses water as a critical reactant in a chemical platform that operates at relatively low temperatures and costs.

Recent Developments

The company has also announced the conversion of its special warrants into post-consolidation shares, resulting in the issuance of 4,102,563 new shares.

Aduro Clean Technologies logo

About Aduro Clean Technologies

Aduro Clean Technologies is a Canadian technology company that is revolutionizing the way we think about waste and resources. With its patented Hydrochemolytic technology, the company is transforming low-value resources into high-value ones, creating a more sustainable future for generations to come.

Contact Information

For more information, please contact:

• Ofer Vicus, CEO
• Abe Dyck, Investor Relations
• Jack Perkins, Vice President, KCSA Strategic Communications

Aduro Clean Technologies team

Conclusion

Aduro Clean Technologies is poised for a new era of growth and innovation. With its stock consolidation and conversion of special warrants, the company is positioning itself for success in the years to come. As a leader in the field of clean technology, Aduro is committed to making a positive impact on the environment and creating value for its shareholders.

Aduro Clean Technologies facility