Aduro Clean Technologies (Uplisting) made $340,000 in revenue but lost $7.4 million over the past year. The company’s market cap is $130.9 million.
Craft Capital Management and EF Hutton were the underwriters for their IPO.
Aduro, a Canadian clean tech firm, is uplisting to NASDAQ. Its stock is already traded on the Canadian Securities Exchange as “ACT,” the OTC as “ACTHF,” and on the Frankfurt Exchange as “9D50.” They focus on chemical recycling technology and hold eight U.S. patents (seven granted, one pending).
They aim to license their technology for revenue and are developing commercial partnerships through demo projects. Their technologies include Hydrochemolytic™ Plastics Upcycling, Bitumen Upgrading, and Renewables Upgrading, which turn low-value materials into valuable feedstocks and fuels.
Aduro has faced losses since its founding in 2011, with challenges in commercial testing, funding, and scaling up. They continue to engage with prospective customers for product validation and development. Currently, they do not have any formal partnerships.
Aduro Clean Technologies is located at 542 Newbold St. London, Ontario, Canada. They have 25 employees. More info can be found at adurocleantech.com or by calling (604) 362-7011.
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