---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-015797"
form_type: "8-K"
ticker: "CDZI"
cik: "0000727273"
company_name: "CADIZ INC"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T15:11:18.471949+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cadiz reaches non-binding key terms with AVEK for water wheeling via Northern Pipeline

## Summary
- AVEK board approved key terms for cooperation with Cadiz on wheeling water from the Cadiz Water Project via the 220-mile Northern Pipeline.
- Existing contractors include Santa Margarita Water District (up to 5,000 AFY plus 10,000 AFY option) and Salton Sea Authority (5,000 AFY).
- Plans to form a Joint Powers Authority to fund pipeline conversion; participating agencies would lease 25,000 AFY at ~$850/AFY (take-or-pay) for 40 years.
- Discussions with three additional entities for water sales; non-binding term sheet with AVEK is subject to CEQA review and no obligation.

## SEC filing metadata
- accession: 0001437749-23-015797
- form_type: 8-K
- ticker: CDZI
- cik: 0000727273
- company_name: CADIZ INC
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727273/000143774923015797/0001437749-23-015797-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727273/000143774923015797/cdzi20230525_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-015797
- JSON: https://secwatch.observer/filing/0001437749-23-015797.json
- Plain text: https://secwatch.observer/filing/0001437749-23-015797.txt

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