Business
Aduro Clean Technologies Engages Generation IACP to Provide Market Making Services
LONDON, Ontario, May 13, 2025 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced that it has entered into an agreement effective May 12th, 2025 (the “Agreement”) with Generation IACP Inc. (“Generation”) to provide market making servic
About this update from Aduro Clean Technologies Inc
[{"type":"image","alt":"Aduro Clean Technologies Inc.","displaySize":"","headline":null,"caption":"Aduro Clean Technologies Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":77,"url":"https://media.zenfs.com/en/globenewswire.com/a499b430aeb1bc28c88e5b619a61ef7c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/CZcHksPDFjzVhW76gxdAhg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/a499b430aeb1bc28c88e5b619a61ef7c","width":300,"height":77}},"lazy":false},{"type":"text","content":"LONDON, Ontario, May 13, 2025 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced that it has entered into an agreement effective May 12th, 2025 (the “Agreement”) with Generation IACP Inc. (“Generation”) to provide market making services in accordance with Canadian Securities Exchange (CSE) policies.","length":566,"tagName":"p"},{"type":"text","content":"Under the terms of the Agreement, Generation will trade shares of the Company on the CSE and other trading venues with the objective of maintaining a reasonable market and improving the liquidity of Aduro’s common shares. The Agreement is for an initial term of six months and shall be automatically renewed for successive six-month periods unless terminated by either party with 30 days prior written notice.","length":409,"tagName":"p"},{"type":"text","content":"Pursuant to the Agreement, Generation will receive a monthly fee of US$8,000 plus applicable taxes during the initial term. For the first renewal term, the monthly fee will be US$9,000 plus applicable taxes. Thereafter, the monthly fee will automatically increase annually by 3% on each anniversary of the Agreement. No stock options or other compensation are being granted in connection with the engagement.","length":408,"tagName":"p"},{"type":"text","content":"Generation is arm’s length to the Company and does not own any securities of Aduro as of the date of this release; however, Generation and its clients may acquire an interest in the securities of the Company in the future. Generation’s market making activities will be pr...