secwatch.observer — SEC 8-K summary
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Issuer:     CADIZ INC (CDZI)
CIK:        0000727273
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001437749-24-006369
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadiz enters water sales agreements for 10,000 AFY; expects $850/AF net revenue
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- Signed FWC Agreement for 5,000 AFY and SMWD Term Sheet for 5,000 AFY, total 10,000 AFY from Project.
- Price capped at $1,650/AFY; Cadiz net revenue expected at $850/AFY, subject to annual inflation adjustments.
- Northern Pipeline capacity is 25,000 AFY; these agreements represent 40% of that capacity.
- SMWD Term Sheet is non-binding; definitive agreement required. Parties to pursue grant funding.
- Company holds additional option agreements with other public water systems under negotiation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727273/000143774924006369/0001437749-24-006369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727273/000143774924006369/cdzi20240303_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-006369

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