---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-094354"
form_type: "8-K"
ticker: "CDZI"
cik: "0000727273"
company_name: "CADIZ INC"
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:38:59.050160+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-094354
- form_type: 8-K
- ticker: CDZI
- cik: 0000727273
- company_name: CADIZ INC
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727273/000121390024094354/0001213900-24-094354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727273/000121390024094354/ea0220011-8k_cadizinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-094354
- JSON: https://secwatch.observer/filing/0001213900-24-094354.json
- Plain text: https://secwatch.observer/filing/0001213900-24-094354.txt

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