---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-092923"
form_type: "8-K"
ticker: "CDZI"
cik: "0000727273"
company_name: "CADIZ INC"
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:47:59.772165+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cadiz signs non-binding LOI for up to $150M fund investment in Mojave Groundwater Bank

## Summary
- Non-binding LOI with non-profit investment fund for up to $150M to support Newco for Mojave Groundwater Bank.
- Total project cost estimated at $800M; up to $401M equity from fund, Tribes, and other investors.
- Cadiz to transfer 100% Northern Pipeline, Southern Pipeline ROW, and 51% water storage rights to Newco for ~$51M.
- Newco investors get priority 7.5% annual yield; Tribes can acquire ownership and join advisory council.
- Definitive agreements required; LOI not binding.

## SEC filing metadata
- accession: 0001213900-24-092923
- form_type: 8-K
- ticker: CDZI
- cik: 0000727273
- company_name: CADIZ INC
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727273/000121390024092923/0001213900-24-092923-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727273/000121390024092923/ea021951501-8k_cadiz.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-092923
- JSON: https://secwatch.observer/filing/0001213900-24-092923.json
- Plain text: https://secwatch.observer/filing/0001213900-24-092923.txt

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