---
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"
generated_at: "2026-05-17T02:04:30.573860+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cadiz secures $51M loan from Lytton Rancheria for Mojave Groundwater Bank

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-102822
- JSON: https://secwatch.observer/filing/0001213900-25-102822.json
- Plain text: https://secwatch.observer/filing/0001213900-25-102822.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: up to $51,000,000
  - Counterparty: Lytton Rancheria of California
  - Rate: 8% per annum
  - Maturity: 66 months after the Effective Date
  - Event: incurrence
  source text: Lytton will provide an unsecured term loan in an aggregate principal amount of up to $51,000,000 to the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/727273/000121390025102822/0001213900-25-102822-index.htm

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