---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-019786"
form_type: "8-K"
ticker: "CDZI"
cik: "0000727273"
company_name: "CADIZ INC"
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T16:21:53.437935+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cadiz signs LOA for up to $175M investment in Mojave Groundwater Bank project

## Summary
- Lead investor (public water infrastructure company) commits up to $175M in MGSC.
- Total equity capital expected up to $401M including Tribes and other investors.
- Cadiz transfers Northern Pipeline, Southern Pipeline right-of-way, 51% water storage rights; receives ~$51M and up to $350M for construction.
- Cadiz retains 49% of water storage rights and 100% of water supply contracts.
- Profit distribution prioritizes investors until 7.5% annual yield; LOA non-binding, subject to definitive agreements.

## SEC filing metadata
- accession: 0001213900-25-019786
- form_type: 8-K
- ticker: CDZI
- cik: 0000727273
- company_name: CADIZ INC
- filed_at: 2025-03-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727273/000121390025019786/0001213900-25-019786-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727273/000121390025019786/ea0232962-8k_cadiz.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-019786
- JSON: https://secwatch.observer/filing/0001213900-25-019786.json
- Plain text: https://secwatch.observer/filing/0001213900-25-019786.txt

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