{"filings":[{"id":554917,"accession_number":"0001437749-26-017950","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2026-05-20T20:20:47+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cadiz CEO letter details cost increases, $194M WIFIA invite, ATEC growth, BLM permit progress","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Construction costs rose; capital structure revised to ~30% equity / 70% public debt via GMP contract with W.M. Lyles.","Received EPA invitation to apply for up to $194M WIFIA loan (~4.7%) for Northern Pipeline project.","ATEC record revenues in 2025; baseline orders grew 74% YoY; product line quadrupled since 2023 acquisition.","BLM nearing completion of environmental review; expects to issue right-of-way grant for Northern Pipeline conversion.","RIC Energy advancing hydrogen project permitting at Cadiz Ranch; expects to become largest hydrogen facility in California."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114077,"accession_number":"0001213900-26-012370","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2026-02-04T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Cadiz appoints Dave O'Hara to board; former Microsoft EVP/CFO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Dave O'Hara appointed to Cadiz board effective Feb 3, 2026, filling existing vacancy.","O'Hara spent 20+ years at Microsoft, most recently EVP & CFO of Commercial Business Group.","His term expires at 2026 annual meeting; expected to stand for re-election.","No arrangements, family relationships, or material transactions with the company.","Compensation per Cadiz Director Compensation Policy as described in prior proxy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":130467,"accession_number":"0001213900-25-102822","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2025-10-28T23:59:59+00:00","items":["1.01","2.03","7.01","8.01","9.01"],"status":"ready","headline":"Cadiz secures $51M loan from Lytton Rancheria for Mojave Groundwater Bank","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Unsecured term loan up to $51M from Lytton Rancheria; first tranche of $450M equity raise via MWI.","Initial ~$15M draw planned for project expenses and equipment deposits for 2026 pipeline construction.","Loan at 8% interest, convertible into 51% of storage cash flows and MWI equity on same terms as other investors.","Cadiz issues 600,000 commitment shares plus 25,000 shares per $1M funded; S-3 registered.","Company in diligence for additional $400M private equity plus municipal debt and grants to fund full project."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147028,"accession_number":"0001213900-25-092126","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2025-09-26T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cadiz Signs MOU with U.S. Bureau of Reclamation for Colorado River Water Augmentation Study","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Cadiz, Fenner Valley Water Authority, and Fenner Gap Mutual Water Company entered into MOU with U.S. Bureau of Reclamation on Sept 25, 2025.","MOU aims to study using Mojave Groundwater Bank to augment Colorado River water supplies via exchange or delivery to Lake Mead.","Collaboration will share data, tools, and research on aquifer storage and non-tributary conserved water for Lower Colorado River Basin.","MOU is non-binding, five-year term with auto-renewal, and parties will finalize scope and cost-sharing agreement.","Project addresses drought conditions and declining reservoir levels in Southern California and Lower Colorado River Basin."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":147027,"accession_number":"0001213900-25-072849","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Cadiz signs MOU with EPCOR to jointly develop Mojave Groundwater Bank; 25,000 AFY for Arizona","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Cadiz grants EPCOR exclusive rights to market 25,000 acre-feet/year of conserved water to Arizona off-takers.","EPCOR to design, build, and finance a portion of the Southern Pipeline to convey water to the Colorado River Aqueduct.","Parties intend to negotiate a long-term Operation and Maintenance Agreement for EPCOR to run the Mojave Groundwater Bank.","Exclusivity and confidentiality provisions are binding; project development terms are non-binding.","MOU paves way for binding agreements; regulatory approvals and funding still required."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165553,"accession_number":"0001213900-25-055863","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2025-06-20T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Cadiz signs MOU with Hoku Energy for clean energy campus on 10,000+ acres; expects $7-10M/yr revenue","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Non-binding MOU grants Hoku Energy three-year exclusive option to develop renewable power, green hydrogen, and data center on Cadiz Ranch in Mojave Desert.","Expected annual revenue from land lease ($7.2M initial rent on 10,000 acres) and water sales ($1.8M-$3.4M for 2,000-4,000 acre-feet) totals $7-10M.","Follows 2024 deal with RIC Energy for green hydrogen; together position Cadiz Ranch as a major clean energy campus.","Hoku will pay $50,000 annual option fee during the three-year period and cover permitting, feasibility, and capital costs.","Cadiz reserves 400 acres for commercial development including potential data center; Hoku gets right of first refusal to supply power."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165552,"accession_number":"0001437749-25-020303","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2025-06-13T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Cadiz Inc. announces results of 2025 Annual Meeting; all proposals approved","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All eight director nominees elected; broker non-votes of 8,076,848 shares.","Amendment to 2019 Equity Incentive Plan (increase shares) approved: 47,480,407 for, 2,201,294 against.","PricewaterhouseCoopers LLP ratified as FY 2025 auditor: 57,688,243 for, 88,787 against.","Named executive officer compensation approved on advisory basis: 44,879,252 for, 4,813,993 against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183178,"accession_number":"0001213900-25-021935","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2025-03-10T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Cadiz raises ~$20M in registered direct offering of 5.7M shares at $3.50/share for groundwater bank project","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold 5,715,000 common shares at $3.50 each; gross proceeds ~$20M, net proceeds ~$18.3M after fees.","Net proceeds to fund Mojave Groundwater Bank Project, including pipeline construction and wellfield infrastructure in 2025.","Roth Capital Partners is exclusive placement agent receiving 7% fee; 90-day lock-up for directors, officers, and largest shareholder.","Offering expected to close March 10, 2025 under effective S-3 registration statement (File No. 333-281507)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183177,"accession_number":"0001213900-25-021369","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2025-03-07T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cadiz announces $20M registered direct offering of 5.7M shares at $3.50/share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Offering of 5,715,000 common shares at $3.50/share; gross proceeds ~$20M.","Expected closing on or about March 10, 2025 with institutional investors.","Proceeds to fund development & construction of Mojave Groundwater Bank, including equipment and pipeline.","Roth Capital Partners acting as exclusive placement agent; shelf registration effective August 22, 2024.","Company expects project financing through MGSC to reimburse advanced expenses."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183176,"accession_number":"0001213900-25-019786","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2025-03-04T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Cadiz signs LOA for up to $175M investment in Mojave Groundwater Bank project","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Lead investor (public water infrastructure company) commits up to $175M in MGSC.","Total equity capital expected up to $401M including Tribes and other investors.","Cadiz transfers Northern Pipeline, Southern Pipeline right-of-way, 51% water storage rights; receives ~$51M and up to $350M for construction.","Cadiz retains 49% of water storage rights and 100% of water supply contracts.","Profit distribution prioritizes investors until 7.5% annual yield; LOA non-binding, subject to definitive agreements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199764,"accession_number":"0001213900-24-101825","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-11-25T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Cadiz signs LOI with Lytton Rancheria for $50M investment in Mojave Groundwater Bank","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Lytton Rancheria to invest up to $50M in Newco for 51% stake in Mojave Groundwater Bank, largest tribal investment off tribal lands in U.S. history.","Total Newco equity target $401M; Cadiz also has LOI with non-profit fund for up to $150M, totaling $200M in LOIs.","Cadiz to transfer Northern Pipeline, Southern Pipeline ROW, and 51% storage rights to Newco for ~$51M, retaining 49% storage rights and all water supply revenue.","Newco investors prioritized to receive 98% of net revenues until 7.5% annual yield; Cadiz to be managing member.","Definitive agreements required; construction targeted for 2025 with initial water delivery as early as 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199763,"accession_number":"0001213900-24-096318","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-11-12T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Cadiz secures option to buy 180 miles of Keystone XL pipe for $5M; plans groundwater bank","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Purchase option for 180 miles of steel pipe from terminated Keystone XL Pipeline; initial $5M payment secures exclusive option until Nov 2026, extendable to Nov 2027.","Exercise price of $155 per linear foot; credits reduce purchase price by up to $6.8M depending on exercise timing.","Pipe to be used for Mojave Groundwater Bank pipeline network; construction targeted for 2025.","Company already owns 220 miles of pipeline from El Paso Natural Gas acquisition in 2021.","In Oct 2024, Cadiz signed LOI for up to $150M from non-profit fund; total project estimated at $800M with $401M equity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199762,"accession_number":"0001213900-24-094354","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-11-05T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Cadiz raises $23.4M in registered direct offering; largest shareholder Heerema maintains 34% stake","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold 7M shares at $3.34 each; gross proceeds $23.38M, net ~$21.9M after fees.","Heerema participated; directors/officers and Heerema subject to 90-day lock-up.","Proceeds to advance water supply/groundwater banking project and pipeline construction expected to start in 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199761,"accession_number":"0001213900-24-093769","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-11-04T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cadiz Inc. announces $23.4M registered direct offering of 7M shares at $3.34; Heerema participates","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["7,000,000 shares at $3.34 per share; gross proceeds ~$23.38 million.","Largest shareholder Heerema participated, maintaining ~34% ownership.","Offering expected to close on November 5, 2024.","Net proceeds to advance water supply, groundwater banking project, including pipeline construction expected in 2025.","B. Riley Securities acting as sole placement agent."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199760,"accession_number":"0001213900-24-092923","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-10-31T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Cadiz signs non-binding LOI for up to $150M fund investment in Mojave Groundwater Bank","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Non-binding LOI with non-profit investment fund for up to $150M to support Newco for Mojave Groundwater Bank.","Total project cost estimated at $800M; up to $401M equity from fund, Tribes, and other investors.","Cadiz to transfer 100% Northern Pipeline, Southern Pipeline ROW, and 51% water storage rights to Newco for ~$51M.","Newco investors get priority 7.5% annual yield; Tribes can acquire ownership and join advisory council.","Definitive agreements required; LOI not binding."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199759,"accession_number":"0001213900-24-089834","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-10-23T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Cadiz partners with RIC Energy to build green hydrogen facility on 3,062 acres at Cadiz Ranch","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["RIC will build self-sufficient off-grid green hydrogen plant producing 50 tons/day using solar power on up to 3,062 acres.","Cadiz to supply up to 500 acre-feet of water/year at $850/AF (2024 dollars); total ~$11.5M over 27-year operations term.","Lease has development term (3 yrs, $25k-$45k/yr), construction term (3 yrs, $1k/acre/yr + CPI), and 27-yr operations term (renewable up to 30 more yrs).","RIC can terminate during development term with 15 days' notice; Cadiz may terminate on uncured payment default.","Project is a Tier 2 ARCHES project eligible for DOE hydrogen hub funding; expected to supply California’s clean transportation market."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215779,"accession_number":"0001213900-24-080038","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-09-19T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Cadiz appoints Cathryn Rivera as COO effective Sept 16, 2024; base salary $275K","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Rivera hired as COO, effective Sept 16, 2024, to lead operations for groundwater banking and water tech projects.","Base salary of $275,000; eligible for annual cash bonus up to 100% of base salary, discretionary.","Granted 137,500 RSUs (3-year quarterly vest) plus 137,500 milestone-based RSUs (5-year horizon).","Previously served as Appointments Secretary for California Gov. Newsom (2019-2024), oversaw 3,000 positions.","No related party transactions; severance terms include 180 days base pay for termination without cause or for material breach."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215778,"accession_number":"0001437749-24-026597","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-08-14T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Cadiz signs 40-year water supply deal with Cucamonga Valley Water District for up to 5,000 AFY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CVWD to purchase up to 5,000 acre-feet per year from Cadiz's Water Project via Northern Pipeline.","Target delivered price of $1,000/AF; maximum price capped at $1,650/AF (lesser of that or IEUA recycled water rate minus 15%).","Cadiz expects net revenue of $850/AF in 2024 dollars, totaling ~$170M over 40 years with annual inflation adjustments.","Together with other agreements, 85% of Northern Pipeline's 25,000 AFY capacity is now committed.","Agreement has a 30-year term extendable; deliveries subject to conditions precedent and completion of conveyance facilities."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":235199,"accession_number":"0001437749-24-020284","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-06-14T23:59:59+00:00","items":["5.03","5.07","9.01"],"status":"ready","headline":"Cadiz shareholders authorize share increase to 100M; all director nominees elected","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders approved increasing authorized common shares from 85M to 100M (46.68M for, 1.62M against).","All nine director nominees elected with >39.7M votes for each; no contested seats.","Amendment to 2019 Equity Incentive Plan to increase reserved shares approved (40.16M for, 1.82M against).","Advisory say-on-pay approved (40.27M for, 1.69M against); PricewaterhouseCoopers ratified as auditor."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":235198,"accession_number":"0001437749-24-012477","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-04-19T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Cadiz CEO Kennedy gets new employment agreement with expanded equity incentives","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Base salary $400,000; annual cash bonus target 100% of base based on performance goals.","450,000 unvested PSUs cancelled; replaced with 700,000 time-vesting RSUs (quarterly through 2026).","600,000 milestone RSUs tied to CEQA, FLPMA permits, and water purchase agreements (5-year horizon).","300,000 PSUs vest at $15/share stock price hurdle; subject to 2019 Plan amendment and stockholder approval.","Equity grants condition on amendment of 2019 Plan to increase authorized shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":235197,"accession_number":"0001213900-24-034270","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-04-19T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Cadiz signs water supply deal with Solstra for up to 1,275 AFY at $1,750/AF; ~$16M net revenue over 15 yrs","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Agreement to provide 1,275 acre-feet/year of conserved water to Solomon Hills workforce housing development near Vandenburg AFB.","As-delivered price capped at $1,750/acre-foot in 2024 dollars, adjusted annually by CPI Water & Sewer Index.","Initial payment of $150,000 due upon certain conditions; $20,000 environmental review contribution paid upfront.","Cadiz expects net revenue of ~$16M over 15 years ($850/AF in 2024 dollars) from the agreement.","Northern Pipeline now ~65% reserved under supply agreements; exit payment up to $2.25 million if Solstra leaves after construction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":373343114.8034935,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}