secwatch.observer — SEC 8-K summary
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Issuer:     CADIZ INC (CDZI)
CIK:        0000727273
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001213900-22-070863
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727273/000121390022070863/0001213900-22-070863-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727273/000121390022070863/ea168334-8k_cadizinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-070863

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