Aduro Clean Technologies Engages Water Tower Research
Aduro Clean Technologies (Nasdaq: ADUR) engaged Water Tower Research for institutional research coverage and investor engagement to raise visibility of its developing technologies.
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Rhea-AI Summary
Aduro Clean Technologies (Nasdaq: ADUR) engaged Water Tower Research for institutional research coverage and investor engagement to raise visibility of its developing technologies.
The agreement begins April 1, 2026 for six months with a US$39,000 upfront fee; a renewal term starting September 30, 2026 would cost US$48,000. WTR is arm’s length and may acquire securities in the future; no performance-based pay or securities were granted.
Details
News Market Reaction – ADUR
On Mar 25, the day this news came out, ADUR closed 1.03% above the previous close.
Data tracked by StockTitan Argus for the Mar 25 session.
Key Figures
- Initial WTR fee
- US$39,000
- Cash fee for initial 6-month Water Tower Research engagement
- Initial term length
- 6 months
- Research and investor engagement term starting April 1, 2026
- Initial term start
- April 1, 2026
- Commencement of Water Tower Research services
- Renewal fee
- US$48,000
- Cash fee for optional 6-month Renewal Term effective Sept 30, 2026
- Renewal notice after
- August 31, 2026
- Company may provide written notice to renew after this date
- Renewal term length
- 6 months
- Duration of optional Renewal Term with WTR
- Over-allotment proceeds
- US$3 million
- Gross proceeds from Jan 30, 2026 over-allotment (6-K filing)
- Warrant exercise price
- US$16.00
- Exercise price per whole warrant from Jan 30, 2026 6-K
Historical Context
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Non-binding MOU to develop commercial licence package for HCT with global EPC.
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LOI with trading company for Pilot-to-FOAK validation and initial oil offtake.
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Participation in 38th ROTH Conference with meetings on pilot and FOAK progress.
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Planned conference and trade appearances to advance HCT commercialization globally.
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NGP Pilot Plant transition to operating campaigns and FOAK site selection update.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LONDON, Ontario, March 25, 2026 (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 (the “Agreement”) with Water Tower Research LLC (“WTR”), an institutional research and investor engagement firm to provide comprehensive research coverage and strategic investor engagement services to support Aduro's growth objectives and enhance visibility within the institutional investment community.
Under the terms of the Agreement, WTR will provide research and capital markets communications services to the Company for an initial term of six months beginning April 1, 2026. The services provided to the Company include the production of content, including research reports distributed through WTR’s proprietary digital delivery infrastructure and digital and marketing channels. In consideration for the services to be provided by WTR, the Company has agreed to pay an aggregate cash fee of US
WTR is arm’s length to the Company and does not own any securities of Aduro as of the date of this release; however, WTR may acquire an interest in the securities of the Company in the future. Other than the engagement for research and capital markets communications services described herein, WTR has no other relationship with the Company. No performance-based compensation or securities are being granted in connection with the engagement of WTR.
The engagement of WTR is aimed to increase the visibility of Aduro’s developing technologies in the United States and internationally.
About Water Tower Research LLC
Water Tower Research is an investor engagement and research-driven communications firm focused on modernizing investor engagement. The firm provides open-access, institutional-quality research, along with strategic investor engagement services, including events and digital distribution, to facilitate effective communication between companies and the investment community. For more information, visit www.watertowerresearch.com
About Aduro Clean Technologies
Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ Technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century.
For further information, please contact:
Abe Dyck, Head of Corporate Development / Investor Relations
ir@adurocleantech.com
+1 226 784 8889
Water Tower Research LLC
Michael McCormick
mike.mccormack@watertowerresearch.com
+1 212 472 2424
KCSA Strategic Communications
Jack Perkins, Senior Vice President
aduro@kcsa.com
Forward Looking Statements
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. In this release, the forward looking statements include, but are not limited to, expectations regarding the implementation of research and capital markets communications services of Water Tower Research LLC; and, in particular, the anticipated effects of the proposed services, including increased awareness of the Company and its developing technologies in the United States and internationally. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, the research and capital markets communications services not being provided as anticipated, the delivery of such services not resulting in the anticipated results, adverse market conditions and other factors beyond the control of the parties.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. Aduro undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fb14501d-9519-434b-b7e6-79ef0a14958a
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