secwatch.observer — SEC 8-K summary
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Issuer:     CADIZ INC (CDZI)
CIK:        0000727273
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0001213900-24-034270
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadiz signs water supply deal with Solstra for up to 1,275 AFY at $1,750/AF; ~$16M net revenue over 15 yrs
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- Agreement to provide 1,275 acre-feet/year of conserved water to Solomon Hills workforce housing development near Vandenburg AFB.
- As-delivered price capped at $1,750/acre-foot in 2024 dollars, adjusted annually by CPI Water & Sewer Index.
- Initial payment of $150,000 due upon certain conditions; $20,000 environmental review contribution paid upfront.
- Cadiz expects net revenue of ~$16M over 15 years ($850/AF in 2024 dollars) from the agreement.
- Northern Pipeline now ~65% reserved under supply agreements; exit payment up to $2.25 million if Solstra leaves after construction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727273/000121390024034270/0001213900-24-034270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727273/000121390024034270/ea0204188-8k_cadizinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-034270

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