---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-035539"
form_type: "8-K"
ticker: "CDZI"
cik: "0000727273"
company_name: "CADIZ INC"
filed_at: "2021-07-02T23:59:59+00:00"
generated_at: "2026-06-30T07:45:41.451239+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cadiz issues 2M depositary shares of 8.875% Series A Preferred Stock; $25/sh liquidation preference

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-21-035539
- form_type: 8-K
- ticker: CDZI
- cik: 0000727273
- company_name: CADIZ INC
- filed_at: 2021-07-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727273/000121390021035539/0001213900-21-035539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727273/000121390021035539/ea143676-8k_cadizinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-035539
- JSON: https://secwatch.observer/filing/0001213900-21-035539.json
- Plain text: https://secwatch.observer/filing/0001213900-21-035539.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.