secwatch.observer — SEC 8-K summary
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Issuer:     CADIZ INC (CDZI)
CIK:        0000727273
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0001213900-25-021935
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727273/000121390025021935/0001213900-25-021935-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727273/000121390025021935/ea023358501-8k_cadiz.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-021935

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