secwatch.observer — SEC 8-K summary
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Issuer:     CADIZ INC (CDZI)
CIK:        0000727273
Form:       8-K
Filed at:   2021-07-02T23:59:59+00:00
Accession:  0001213900-21-035539
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727273/000121390021035539/0001213900-21-035539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727273/000121390021035539/ea143676-8k_cadizinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-035539

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