secwatch.observer — SEC 8-K summary
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Issuer:     CADIZ INC (CDZI)
CIK:        0000727273
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001437749-24-026597
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadiz signs 40-year water supply deal with Cucamonga Valley Water District for up to 5,000 AFY
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- CVWD to purchase up to 5,000 acre-feet per year from Cadiz's Water Project via Northern Pipeline.
- Target delivered price of $1,000/AF; maximum price capped at $1,650/AF (lesser of that or IEUA recycled water rate minus 15%).
- Cadiz expects net revenue of $850/AF in 2024 dollars, totaling ~$170M over 40 years with annual inflation adjustments.
- Together with other agreements, 85% of Northern Pipeline's 25,000 AFY capacity is now committed.
- Agreement has a 30-year term extendable; deliveries subject to conditions precedent and completion of conveyance facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727273/000143774924026597/0001437749-24-026597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727273/000143774924026597/cdzi20240814_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-026597

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