---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-093769"
form_type: "8-K"
ticker: "CDZI"
cik: "0000727273"
company_name: "CADIZ INC"
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T06:34:11.988379+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cadiz Inc. announces $23.4M registered direct offering of 7M shares at $3.34; Heerema participates

## Summary
- 7,000,000 shares at $3.34 per share; gross proceeds ~$23.38 million.
- Largest shareholder Heerema participated, maintaining ~34% ownership.
- Offering expected to close on November 5, 2024.
- Net proceeds to advance water supply, groundwater banking project, including pipeline construction expected in 2025.
- B. Riley Securities acting as sole placement agent.

## SEC filing metadata
- accession: 0001213900-24-093769
- form_type: 8-K
- ticker: CDZI
- cik: 0000727273
- company_name: CADIZ INC
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727273/000121390024093769/0001213900-24-093769-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727273/000121390024093769/ea0219798-8k_cadizinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-093769
- JSON: https://secwatch.observer/filing/0001213900-24-093769.json
- Plain text: https://secwatch.observer/filing/0001213900-24-093769.txt

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