{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-009282","form_type":"8-K","ticker":"CDZI","cik":"0000727273","company_name":"CADIZ INC","filed_at":"2023-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.908107+00:00","generated_at":"2026-06-19T22:08:53.264957+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Cadiz amends credit agreement: lenders can convert $15M debt at $4.80/share; maturity extended to 2026","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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-009282","json":"https://secwatch.observer/filing/0001213900-23-009282.json","markdown":"https://secwatch.observer/filing/0001213900-23-009282.md","text":"https://secwatch.observer/filing/0001213900-23-009282.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/727273/000121390023009282/0001213900-23-009282-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/727273/000121390023009282/ea172927-8k_cadiz.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T22:08:53.264957+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9f7f8f5a56c1c863d80ecea2e855255c666863a9","claim":"CADIZ INC amended First Amendment to Credit Agreement with B. Riley Commercial Capital, LLC valued at Right to convert up to $15 million of outstanding principal plus PIK interest into common stock at $ (effective 2023-02-02).","evidence_excerpt":"On February 2, 2023, Cadiz Inc. (the “Company”) and its wholly-owned subsidiary, Cadiz Real Estate LLC, as borrowers (collectively, the “Borrowers”) entered into a First Amendment to Credit Agreement with B. Riley Commercial Capital, LLC (“B. Riley Commercial”) and B. Riley Securities, Inc. (“BRS”), as administrative agent","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/727273/000121390023009282/0001213900-23-009282-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"B. Riley Commercial Capital, LLC"},{"label":"Value","value":"Right to convert up to $15 million of outstanding principal plus PIK interest into common stock at $"},{"label":"Effective","value":"2023-02-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}