secwatch.observer — SEC 8-K summary
======================================

Issuer:     CADIZ INC (CDZI)
CIK:        0000727273
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001213900-24-094354
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727273/000121390024094354/0001213900-24-094354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727273/000121390024094354/ea0220011-8k_cadizinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-094354

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