---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-021935"
form_type: "8-K"
ticker: "CDZI"
cik: "0000727273"
company_name: "CADIZ INC"
filed_at: "2025-03-10T23:59:59+00:00"
generated_at: "2026-05-25T02:23:55.352089+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cadiz raises ~$20M in registered direct offering of 5.7M shares at $3.50/share for groundwater bank project

## Summary
- Sold 5,715,000 common shares at $3.50 each; gross proceeds ~$20M, net proceeds ~$18.3M after fees.
- Net proceeds to fund Mojave Groundwater Bank Project, including pipeline construction and wellfield infrastructure in 2025.
- Roth Capital Partners is exclusive placement agent receiving 7% fee; 90-day lock-up for directors, officers, and largest shareholder.
- Offering expected to close March 10, 2025 under effective S-3 registration statement (File No. 333-281507).

## SEC filing metadata
- accession: 0001213900-25-021935
- form_type: 8-K
- ticker: CDZI
- cik: 0000727273
- company_name: CADIZ INC
- filed_at: 2025-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727273/000121390025021935/0001213900-25-021935-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727273/000121390025021935/ea023358501-8k_cadiz.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-021935
- JSON: https://secwatch.observer/filing/0001213900-25-021935.json
- Plain text: https://secwatch.observer/filing/0001213900-25-021935.txt

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