Market Making Momentum: Aduro Teams Up with Generation IACP
Aduro Clean Technologies, a clean technology firm leveraging the strength of chemistry to drive the conversion of lower-value feedstocks, such as waste plastics, heavy bitumen, and renewable oils, into 21st-century resources, today announced that it has entered into an effective May 12th, 2025 (the “Agreement”) agreement with Generation IACP Inc. (“Generation”) to make its shares available for market making in accordance with policies of the Canadian Securities Exchange (CSE).
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 their 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.
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.
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 primarily intended to correct temporary imbalances in the supply and demand of the Company’s shares. Generation will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities.
“We’ve seen growing interest in Aduro’s story from both institutional and retail investors,” commented Mena Beshay, CFO at Aduro. “The relationship with Generation IACP complements our capital markets strategy and supports our focus on accessibility, transparency, and long-term shareholder alignment.”
https://www.adurocleantech.com/
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