secwatch.observer — SEC 8-K summary
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Issuer:     CADIZ INC (CDZI)
CIK:        0000727273
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0001213900-25-021369
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727273/000121390025021369/0001213900-25-021369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727273/000121390025021369/ea0233535-8k_cadiz.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-021369

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