---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-070863"
form_type: "8-K"
ticker: "CDZI"
cik: "0000727273"
company_name: "CADIZ INC"
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-22T00:16:49.239558+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cadiz Inc. raises $10M via 5M share direct offering at $2.00; Heerema leads with $3.6M investment

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-22-070863
- form_type: 8-K
- ticker: CDZI
- cik: 0000727273
- company_name: CADIZ INC
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727273/000121390022070863/0001213900-22-070863-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727273/000121390022070863/ea168334-8k_cadizinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-070863
- JSON: https://secwatch.observer/filing/0001213900-22-070863.json
- Plain text: https://secwatch.observer/filing/0001213900-22-070863.txt

## Key facts
- Material Agreements
  CADIZ INC entered into Securities Purchase Agreement with certain accredited investors valued at aggregate purchase price of $10 million (effective 2022-11-09).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited investors
  - Value: aggregate purchase price of $10 million
  - Effective: 2022-11-09
  source text: On November 9, 2022, Cadiz Inc. (the “Company”) entered into a Securities Purchase Agreement with certain accredited investors relating to the sale and issuance by the Company of 5,000,000 shares of the Company’s common stock (“Shares”) to such investors in a registered direct offering (the “Purchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/727273/000121390022070863/0001213900-22-070863-index.htm

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