secwatch.observer — SEC 8-K summary
======================================

Issuer:     CADIZ INC (CDZI)
CIK:        0000727273
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001437749-24-007757
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadiz signs water supply deal with Golden State Water for 5,000 AFY at $1,450/AF
--------------------------------------------------------------------------------

- GSWC will purchase 5,000 acre-feet/year from Cadiz’s Project at ~$1,450/AF in 2024 dollars, adjusted annually.
- Cadiz expects net revenue of $850/AF after costs; payments begin when conditions and construction complete.
- Agreement uses Cadiz’s Northern Pipeline (capacity 25,000 AFY); this and other deals represent ~60% of capacity.
- Parties to jointly pursue grant funding to offset capital costs; grant credits reduce water price for GSWC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727273/000143774924007757/0001437749-24-007757-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727273/000143774924007757/cdzi20240313_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-007757

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer