Cadiz raises $23.4M in registered direct offering; largest shareholder Heerema maintains 34% stake

CADIZ INC

Sold 7M shares at $3.34 each; gross proceeds $23.38M, net ~$21.9M after fees.
Heerema participated; directors/officers and Heerema subject to 90-day lock-up.
Proceeds to advance water supply/groundwater banking project and pipeline construction expected to start in 2025.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.