{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-102822","form_type":"8-K","ticker":"CDZI","cik":"0000727273","company_name":"CADIZ INC","filed_at":"2025-10-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.023790+00:00","generated_at":"2026-05-17T02:04:30.573860+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cadiz secures $51M loan from Lytton Rancheria for Mojave Groundwater Bank","bullets":["Unsecured term loan up to $51M from Lytton Rancheria; first tranche of $450M equity raise via MWI.","Initial ~$15M draw planned for project expenses and equipment deposits for 2026 pipeline construction.","Loan at 8% interest, convertible into 51% of storage cash flows and MWI equity on same terms as other investors.","Cadiz issues 600,000 commitment shares plus 25,000 shares per $1M funded; S-3 registered.","Company in diligence for additional $400M private equity plus municipal debt and grants to fund full project."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-102822","json":"https://secwatch.observer/filing/0001213900-25-102822.json","markdown":"https://secwatch.observer/filing/0001213900-25-102822.md","text":"https://secwatch.observer/filing/0001213900-25-102822.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/727273/000121390025102822/0001213900-25-102822-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/727273/000121390025102822/ea0262355-8k_cadiz.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:04:30.573860+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"28defe14aeb8c3aa69c2305dd610c701ddcde98a","claim":"CADIZ INC incurred term loan of up to $51,000,000 with Lytton Rancheria of California at 8% per annum maturing 66 months after the Effective Date.","evidence_excerpt":"Lytton will provide an unsecured term loan in an aggregate principal amount of up to $51,000,000 to the Company","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/727273/000121390025102822/0001213900-25-102822-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to $51,000,000"},{"label":"Counterparty","value":"Lytton Rancheria of California"},{"label":"Rate","value":"8% per annum"},{"label":"Maturity","value":"66 months after the Effective Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}