secwatch.observer — SEC 8-K summary
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Issuer:     CADIZ INC (CDZI)
CIK:        0000727273
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001213900-24-093769
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727273/000121390024093769/0001213900-24-093769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727273/000121390024093769/ea0219798-8k_cadizinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-093769

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer