secwatch.observer — SEC 8-K summary
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Issuer:     CADIZ INC (CDZI)
CIK:        0000727273
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0001213900-25-102822
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727273/000121390025102822/0001213900-25-102822-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727273/000121390025102822/ea0262355-8k_cadiz.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-102822

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