{"filings":[{"id":1914717,"accession_number":"0001213900-26-082311","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2026-07-28T20:41:58+00:00","items":["1.01","9.01"],"status":"ready","headline":"Cadiz subsidiary signs $273.8M in GMP contracts for Mojave Groundwater Bank Northern Pipeline","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Fenner Gap entered CMAR agreements with W.M. Lyles ($218.9M GMP for pump stations) and Mike Bubalo ($54.9M GMP for pipeline replacement).","Total GMPs of $273.8M cover primary construction packages; total estimated construction capex is $403.3M including owner-procured items.","Northern Pipeline expected to deliver ~21,275 acre-feet/year under existing contracts; potential capacity 25,000 acre-feet/year.","Construction to commence after notices to proceed, expected in calendar 2026, subject to financing and permitting conditions."],"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":1868439,"accession_number":"0001213900-26-081581","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2026-07-27T12:00:29+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Cadiz names Jacinto Hernandez as CFO; Stanley Speer to retire Sept 1, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Hernandez appointed EVP of Finance immediately, becomes CFO on Sept 1, 2026; base salary $400,000, target bonus 100%.","Inducement awards: 800,000 RSUs (200,000 vested on grant, 600,000 vest quarterly over 3 years) and 800,000 PSUs with stock price hurdles.","Speer to retire as CFO Sept 1, 2026; advisory role through Dec 31, 2026 at $10,000/month.","Speer receives accelerated vesting of 68,700 RSUs, new grant of 100,000 fully vested RSUs, and forfeits 150,000 milestone RSUs.","Controller Teffiny Bagnara promoted to Vice President as part of the transition."],"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":1647278,"accession_number":"0001213900-26-078146","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2026-07-15T13:00:13+00:00","items":["8.01"],"status":"ready","headline":"Cadiz receives BLM right-of-way grant for Northern Pipeline water conversion","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Grant effective July 14, 2026; $2.5M performance bond posted to satisfy remaining conditions.","Pipeline capacity of 25,000 acre-feet per year; contracts for 85% (21,275 acre-feet) with Inland SoCal water providers.","BLM completed NEPA Environmental Assessment, issued FONSI, and complied with NHPA and ESA.","Company may now proceed with construction activities under its Plan of Development."],"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":1221157,"accession_number":"0001437749-26-021420","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2026-06-23T19:42:41+00:00","items":["5.03","5.07","9.01"],"status":"ready","headline":"Cadiz Inc. increases authorized common shares to 125M, re-elects directors at annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Authorized common shares increased from 100M to 125M; approved with 58.9M votes for, 335K against.","All nine director nominees elected, including Stephen Courter, Maria Dreyfus, Maria Echaveste, and others.","PricewaterhouseCoopers ratified as independent auditor for FY2026 with 59.1M votes for.","Advisory say-on-pay approved with 51.6M votes for, 959K against, and 7.7M broker non-votes.","Annual meeting had 60.3M shares present; all proposals passed."],"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":0.55,"calibrated_materiality_score":0.55,"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":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},{"id":235196,"accession_number":"0001213900-24-029443","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-04-02T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cadiz registers 166,036 common shares issued as consent fee to three lenders","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["166,036 shares of common stock issued as Consent Fee Shares to three institutional lenders under credit agreement.","Shares consideration for consents and releases needed for Third Amendment to Credit Agreement dated March 6, 2024.","Prospectus supplement filed April 2, 2024 under existing shelf registration statement (File No. 333-257159).","Opinion of counsel (Exhibit 5.1) filed regarding legality of the Consent Fee 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":0.25,"calibrated_materiality_score":0.25,"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":253019,"accession_number":"0001437749-24-007757","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-03-14T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Cadiz signs water supply deal with Golden State Water for 5,000 AFY at $1,450/AF","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["GSWC will purchase 5,000 acre-feet/year from Cadiz’s Project at ~$1,450/AF in 2024 dollars, adjusted annually.","Cadiz expects net revenue of $850/AF after costs; payments begin when conditions and construction complete.","Agreement uses Cadiz’s Northern Pipeline (capacity 25,000 AFY); this and other deals represent ~60% of capacity.","Parties to jointly pursue grant funding to offset capital costs; grant credits reduce water price for GSWC."],"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":253018,"accession_number":"0001213900-24-020294","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-03-06T23:59:59+00:00","items":["1.01","2.03","3.02","7.01","9.01"],"status":"ready","headline":"Cadiz closes $57M credit agreement; receives $20M new loan from Heerema, extends maturities to 2027","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Heerema lender provided $20M new secured convertible loan at 7% PIK interest, convertible at $5.30/share.","All debt maturities extended to June 30, 2027; existing ~$16M convertible loans become unsecured and subordinated.","Heerema received warrant to purchase 1M shares at $5.00/share, expiring June 30, 2027.","Consent fee of $479,845 paid via 166,036 shares of common stock valued at $2.89/share.","Proceeds fund water supply project development; Northern Pipeline construction expected 2025, water delivery by 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":0.7,"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":253017,"accession_number":"0001437749-24-006545","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-03-05T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Cadiz appoints Barbara Lloyd to board; adds infrastructure finance expertise","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Barbara Lloyd appointed to Cadiz board on Feb 29, 2024, expanding board to 9 members.","Lloyd will serve on Audit & Risk and Compensation committees; term expires at 2024 annual meeting.","Background includes CEO of IMPACTS, Calif. Deputy Treasurer, and advising DWR and cities on infrastructure.","Compensation follows standard director policy as described in prior proxy statement."],"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":0.3,"calibrated_materiality_score":0.3,"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":253016,"accession_number":"0001437749-24-006369","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-03-04T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Cadiz enters water sales agreements for 10,000 AFY; expects $850/AF net revenue","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Signed FWC Agreement for 5,000 AFY and SMWD Term Sheet for 5,000 AFY, total 10,000 AFY from Project.","Price capped at $1,650/AFY; Cadiz net revenue expected at $850/AFY, subject to annual inflation adjustments.","Northern Pipeline capacity is 25,000 AFY; these agreements represent 40% of that capacity.","SMWD Term Sheet is non-binding; definitive agreement required. Parties to pursue grant funding.","Company holds additional option agreements with other public water systems under negotiation."],"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":253015,"accession_number":"0001437749-24-000685","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2024-01-05T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Cadiz CEO Scott Slater resigns; Susan Kennedy appointed CEO effective Jan 1, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Scott Slater resigned as CEO, President and director on Dec 31, 2023, not due to any disagreement with the company.","Slater will continue to serve as a senior advisor to Cadiz.","Board appointed Susan Kennedy as CEO effective Jan 1, 2024; no new compensatory arrangement has been determined yet.","Kennedy's existing compensatory arrangements remain in effect without modification."],"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":270487,"accession_number":"0001437749-23-034659","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2023-12-18T23:59:59+00:00","items":["8.01","7.01","9.01"],"status":"ready","headline":"Cadiz receives BLM approval for Northern Pipeline right-of-way assignment","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["BLM final decision approves assignment of 30-year MLA ROW grant from El Paso Natural Gas to Cadiz for Northern Pipeline.","Approval clears title for 220-mile pipeline, enabling financing and project development.","Pipeline to transport water for Cadiz Water Conservation Project and convert wellfield to solar-gas microgrids.","Pipeline purchased from EPNG in 2020; assignment subject to BLM approval now completed."],"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":270486,"accession_number":"0001437749-23-033935","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2023-12-08T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Cadiz CEO transition: Susan Kennedy becomes CEO Jan 1, 2024; ATEC revenue guidance >$12M","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Susan Kennedy, Executive Chair, will become full-time CEO effective Jan 1, 2024, while remaining Chair.","Current CEO Scott Slater will serve as senior advisor, focusing on water project and commercial opportunities.","ATEC Water Systems expects revenues >$12M in FY2024 with segment positive operating income of $3-4M.","Cadiz plans to create two new executive positions in 2024 for water project and ATEC scale-up."],"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":270485,"accession_number":"0001437749-23-031641","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2023-11-13T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cadiz updates ATEC acquisition: FY2024 revenue expected >$12M, positive operating income","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["ATEC segment revenues expected ~$1.4M in FY2023, >$12M in FY2024 with $3-4M positive operating income.","Awarded contract to supply wellhead filters for Central Utah Water Conservancy District; deliveries start Q1 2024.","Installed arsenic filtration systems at tribal wells near Salton Sea, achieving drinking water compliance.","Entered service contract with Goble Sampson for marketing ATEC filtration products in 10 western states."],"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":270484,"accession_number":"0001437749-23-030700","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2023-11-07T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Cadiz signs MOU amendment reserving water supply for San Bernardino County communities","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amendment requires Cadiz to offer binding water agreements to local public water systems before exporting outside San Bernardino County.","Dedicates 25,000 acre-feet of water supply to disadvantaged communities in Mojave River region or other county communities.","Five public water systems in San Bernardino County have expressed intent to receive water from the Cadiz Project.","Existing binding water supply agreements remain unaffected by the MOU amendment."],"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":287433,"accession_number":"0001437749-23-020009","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2023-07-17T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Cadiz board buys 5.1M shares from Odey; OAM fully exits","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Three directors purchased shares in a 5.1M share block trade from Odey Asset Management on July 13, 2023.","B. Riley Securities facilitated the trade; Executive Chair Kennedy confirmed OAM is no longer a shareholder.","A prior block trade of 1.7M shares from OAM occurred on June 12-13, 2023, also via B. Riley.","Directors Susan Kennedy, Maria Jelescu-Dreyfus, and Scott Slater reported the purchases on SEC Form 4."],"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":307601,"accession_number":"0001437749-23-018521","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2023-06-26T23:59:59+00:00","items":["5.03","5.07","8.01","9.01"],"status":"ready","headline":"Cadiz increases authorized common shares to 85M; unlocks conversion of $15M debt into equity","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Authorized common shares increased from 70M to 85M after stockholder approval at June 21, 2023 annual meeting.","Stockholders approved say-on-pay, frequency (every year), and ratified PwC as independent auditor.","Effective S-3 registration allows resale of up to 3,971,870 shares upon conversion of $15M convertible loan.","Conversion was contingent on share increase approval; condition now satisfied."],"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":0.55,"calibrated_materiality_score":0.55,"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":307600,"accession_number":"0001437749-23-015797","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2023-05-25T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cadiz reaches non-binding key terms with AVEK for water wheeling via Northern Pipeline","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["AVEK board approved key terms for cooperation with Cadiz on wheeling water from the Cadiz Water Project via the 220-mile Northern Pipeline.","Existing contractors include Santa Margarita Water District (up to 5,000 AFY plus 10,000 AFY option) and Salton Sea Authority (5,000 AFY).","Plans to form a Joint Powers Authority to fund pipeline conversion; participating agencies would lease 25,000 AFY at ~$850/AFY (take-or-pay) for 40 years.","Discussions with three additional entities for water sales; non-binding term sheet with AVEK is subject to CEQA review and no obligation."],"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":326598,"accession_number":"0001213900-23-009282","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2023-02-08T23:59:59+00:00","items":["1.01","2.03","3.02","9.01"],"status":"ready","headline":"Cadiz amends credit agreement: lenders can convert $15M debt at $4.80/share; maturity extended to 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Lenders may convert up to $15M of principal plus PIK interest into common stock at $4.80/share, subject to stockholder approval to increase authorized shares.","Maturity extended from July 2, 2024 to June 30, 2025; upon stockholder approval, automatically extended to June 30, 2026.","Interest rate remains 7% per annum; interest on the $15M convertible portion will be paid-in-kind quarterly.","Company can force conversion if 30-day VWAP exceeds 115% of conversion price, subject to stockholder approval and registration effectiveness.","Cadiz to issue up to ~3.97M shares upon full conversion of the convertible loan (including PIK and accrued interest)."],"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":0.55,"calibrated_materiality_score":0.55,"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":326597,"accession_number":"0001213900-23-006221","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2023-01-31T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Cadiz raises $40.32M in registered direct offering led by largest shareholders Heerema and Odey","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold 10.5M shares at $3.84 each; net proceeds ~$38.5M expected Feb 2, 2023.","Proceeds to repay $15M of $50M B. Riley credit facility, fund water project capex, working capital.","Largest shareholder Heerema to purchase 3.675M shares (~35% ownership maintained).","Credit agreement amended: principal reduced to $35M, maturity extended to June 2026 (subject to approval), $15M convertible at $4.80.","Interest rate unchanged at 7%; interest on $15M convertible to be paid in kind."],"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":344304,"accession_number":"0001213900-22-070863","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2022-11-10T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Cadiz Inc. raises $10M via 5M share direct offering at $2.00; Heerema leads with $3.6M investment","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["5M shares at $2.00/share for gross proceeds of $10M in a registered direct offering without underwriter.","Heerema IGS anchors with $3.6M investment, will continue to own ~35.4% of outstanding common stock.","Proceeds to accelerate Cadiz Water Conservation and Storage Project and scale ATEC water filtration systems deployment.","Offering expected to close November 14, 2022; no underwriting discounts or commissions."],"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":360818,"accession_number":"0001437749-22-022408","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2022-09-14T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Court remands Cadiz pipeline permits to BLM for further environmental review; co. says no delay","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["U.S. District Court affirmed tentative ruling granting Interior's motion for voluntary remand of two pipeline rights-of-way back to BLM.","Lawsuits by Center for Biological Diversity and National Parks Conservation Association challenged 2020 permits for 58-mile pipeline conversion.","Status conference set for September 26, 2022; BLM will reconsider scope of environmental review.","Cadiz ownership of pipeline unaffected; construction of three new groundwater wells to start early October 2022.","With three new wells, Cadiz Ranch will have 10 wells and total annual capacity of 25,000 acre-feet water per year."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","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":360817,"accession_number":"0001437749-22-018942","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2022-08-04T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cadiz agrees to provide 5,000 acre-feet water/yr for 50 yrs to Salton Sea & tribe","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Agreement dedicates 5,000 acre-feet of water per year for 50 years to Salton Sea Authority and Torres Martinez Tribe.","Cadiz commits up to $5 million for pipeline infrastructure and well treatment technology on tribal lands.","Within 60 days, Cadiz will study feasibility of installing well-treatment tech to remove arsenic and nitrates.","Water to be used for Salton Sea restoration, tribal health/safety, and disadvantaged Coachella Valley communities."],"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":360816,"accession_number":"0001437749-22-017922","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2022-07-28T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Cadiz appoints former California Senate Majority Leader Richard Polanco to board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Richard Polanco appointed to board filling vacancy, increasing board size to 10.","Polanco brings 40 years experience in elected office, public policy, and community leadership.","Also appointed to Compensation Committee and Equity, Sustainability and Environmental Justice Committee.","Term expires at 2023 Annual Meeting; compensation per standard director policy."],"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":0.4,"calibrated_materiality_score":0.4,"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":360815,"accession_number":"0001437749-22-017212","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2022-07-18T23:59:59+00:00","items":["5.03","5.07","9.01"],"status":"ready","headline":"Cadiz stockholders approve charter amendment, bylaw changes at annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Charter amendment deletes Part D of Article FIFTH (special meetings) and replaces with 'Intentionally Omitted'.","Bylaws amended to require 20% voting power to call special meetings.","All 9 director nominees elected; charter amendment passed with 26,994,819 votes for.","2019 Equity Incentive Plan share reserve increase approved (25,457,598 for, 1,535,681 against).","PwC ratified as auditor (31,279,888 for); advisory say-on-pay approved (26,523,212 for)."],"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":379936,"accession_number":"0001437749-22-009313","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2022-04-20T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Cadiz appoints Kenneth T. Lombard to board, expanding to 9 members","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kenneth T. Lombard appointed to Cadiz board, filling vacancy and expanding board to 9 members.","Lombard co-founded Johnson Development Corporation with Magic Johnson; currently President & CEO of BRIDGE Housing.","Also appointed to Audit and Risk Committee; term expires at 2022 annual meeting.","He previously served on Metropolitan Water District of Southern California board, relevant to Cadiz water projects."],"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":398093,"accession_number":"0001213900-22-013754","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2022-03-21T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Cadiz raises $12M in registered direct offering led by Heerema; board observer right granted","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["6.86M shares at $1.75 per share for total proceeds of $12M; offering priced at-the-market.","Heerema IGS (largest shareholder) invests $5M; founder Keith Brackpool $2.5M; B. Riley affiliates $3.5M.","Heerema receives right to appoint one board observer or nominate one director; special meeting rights for 20% holders.","Proceeds to fund working capital and development of water supply/storage assets in California.","Closing expected March 23, 2022; no underwriting discounts or commissions paid."],"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":398092,"accession_number":"0001437749-22-002665","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2022-02-08T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Susan Kennedy appointed Executive Chair of Cadiz Inc., replacing Keith Brackpool","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Susan Kennedy appointed Executive Chair effective Feb 4, 2022; replaces Keith Brackpool, Chair for 21 years.","Brackpool remains as non-executive director; unvested RSUs accelerated and vested upon change.","Kennedy receives $300K base salary plus performance bonuses; brings 30+ yrs CA government experience.","Kennedy previously served as chief of staff to Gov. Schwarzenegger, Cabinet Secretary under Gov. Davis."],"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":0.55,"calibrated_materiality_score":0.55,"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":434665,"accession_number":"0001213900-21-035890","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2021-07-07T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Cadiz enters $50M secured credit facility with B. Riley, issues warrants","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$50.0M senior secured term loans at 7% annual interest, due July 2, 2024.","Proceeds used to repay ~$77.5M Wells Fargo debt, pre-fund $10.1M preferred dividends, and expenses.","Lenders receive two warrants to purchase 500K shares each at $17.38 and $21.72 per share.","Concurrent depositary share offering of 2.3M units raised ~$54.0M net for Series A Preferred Stock."],"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":434664,"accession_number":"0001213900-21-035539","cik":727273,"company_name":"CADIZ INC","ticker":"CDZI","form_type":"8-K","filed_at":"2021-07-02T23:59:59+00:00","items":["1.01","3.03","5.03","9.01"],"status":"ready","headline":"Cadiz issues 2M depositary shares of 8.875% Series A Preferred Stock; $25/sh liquidation preference","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Underwriting agreement with B. Riley Securities for 2,000,000 depositary shares (plus 300,000 option) each representing 1/1000th of Series A Preferred Stock.","Liquidation preference $25,000 per share of Series A Preferred Stock ($25 per depositary share); cumulative dividend rate 8.875% paid quarterly.","First dividend payable October 15, 2021; shares redeemable at company's option after July 2, 2026 at $25,000 per share.","Certificate of Designation filed July 1, 2021, creating 7,500 shares of Series A Preferred Stock; ranks senior to common stock.","Offered under existing shelf registration statement (Form S-3) effective June 25, 2021."],"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}],"next_cursor":"2021-07-02T23:59:59+00:00|434664"}