---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-096318"
form_type: "8-K"
ticker: "CDZI"
cik: "0000727273"
company_name: "CADIZ INC"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:27:38.194008+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cadiz secures option to buy 180 miles of Keystone XL pipe for $5M; plans groundwater bank

## Summary
- Purchase option for 180 miles of steel pipe from terminated Keystone XL Pipeline; initial $5M payment secures exclusive option until Nov 2026, extendable to Nov 2027.
- Exercise price of $155 per linear foot; credits reduce purchase price by up to $6.8M depending on exercise timing.
- Pipe to be used for Mojave Groundwater Bank pipeline network; construction targeted for 2025.
- Company already owns 220 miles of pipeline from El Paso Natural Gas acquisition in 2021.
- In Oct 2024, Cadiz signed LOI for up to $150M from non-profit fund; total project estimated at $800M with $401M equity.

## SEC filing metadata
- accession: 0001213900-24-096318
- form_type: 8-K
- ticker: CDZI
- cik: 0000727273
- company_name: CADIZ INC
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727273/000121390024096318/0001213900-24-096318-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727273/000121390024096318/ea0220688-8k_cadizinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-096318
- JSON: https://secwatch.observer/filing/0001213900-24-096318.json
- Plain text: https://secwatch.observer/filing/0001213900-24-096318.txt

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