Aduro Clean Technologies (Uplisting) made $340,000 in revenue and reported a net loss of $7.4 million in the past year. Its market cap is $130.9 million.
Craft Capital Management and EF Hutton were the underwriters for the IPO.
Aduro Clean Technologies, which is based in Canada, is uplisting to the NASDAQ. It already trades on the Canadian Securities Exchange (symbol: ACT), the OTC market (symbol: ACTHF), and the Frankfurt Exchange (symbol: 9D50). The company specializes in chemical recycling technologies and has developed several unique processes for upgrading plastics and bitumen. Aduro holds eight patents in the U.S., seven of which are granted.
The company aims to license its technology and create partnerships through demonstration projects to facilitate commercialization. Their technology converts low-value materials into valuable chemical feedstocks and fuels, with plans for commercial partnerships to demonstrate their processes.
Founded in 2011, Aduro has 25 employees, located at 542 Newbold St., London, Ontario, Canada. Contact them at (604) 362-7011 or visit http://www.adurocleantech.com/.
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