Cadiz announces $20M registered direct offering of 5.7M shares at $3.50/share

CADIZ INC

Offering of 5,715,000 common shares at $3.50/share; gross proceeds ~$20M.
Expected closing on or about March 10, 2025 with institutional investors.
Proceeds to fund development & construction of Mojave Groundwater Bank, including equipment and pipeline.
Roth Capital Partners acting as exclusive placement agent; shelf registration effective August 22, 2024.
Company expects project financing through MGSC to reimburse advanced expenses.

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.