Source-grounded facts extracted from CADIZ INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
CADIZ INC incurred term loan of up to $51,000,000 with Lytton Rancheria of California at 8% per annum maturing 66 months after the Effective Date.
“Lytton will provide an unsecured term loan in an aggregate principal amount of up to $51,000,000 to the Company”
Cathryn R. Rivera was appointed as Chief Operating Officer at CADIZ INC.
“Ms. Cathryn R. Rivera (54) was appointed as the Chief Operating Officer of Cadiz Inc. (the “Company”).”
CADIZ INC entered into Solstra Agreement with Solstra Communities California LLC valued at approximately $16 million (effective 2024-04-18).
“On April 18, 2024, Cadiz Inc. (the “Company” or “Cadiz”) and Fenner Gap Mutual Water Company entered into a water supply agreement with Solstra Communities California LLC (“Solstra”), a California limited liability company and the owner of private land in southern California pursuing the development of up to 4,000 workforce housing units and ancillary commercial infrastructure (“Solomon Hills”) that would serve the Vandenburg Air Force Base community (“Solstra Agreement”).”
CADIZ INC entered into GSWC Agreement with Golden State Water Company (effective 2024-03-13).
“On March 13, 2024, Cadiz Inc. (the “Company” or “Cadiz”) and Fenner Gap Mutual Water Company entered into a water supply agreement with Golden State Water Company (“GSWC”), an investor-owned utility serving the City of Barstow, California (“GSWC Agreement”).”
CADIZ INC amended credit facility.
“The Amended Credit Agreement extends the maturity date for the Existing Convertible Loans and Existing Non-Convertible Loans to June 30, 2027.”
CADIZ INC incurred term loan of $20,000,000 with HHC $ Fund 2012 (the Heerema Lender) at 7% per annum maturing June 30, 2027.
“The Amended Credit Agreement provides for a new tranche of senior secured convertible term loans from the Heerema Lender in an aggregate principal amount of $20,000,000 (the “New Secured Convertible Loans”), having a maturity date of June 30, 2027, which was fully funded to the Company on March 6, 2024.”
CADIZ INC entered into Third Amendment to Credit Agreement and First Amendment to Security Agreement with HHC $ Fund 2012 (the "Heerema Lender"), an affiliate of Heerema International Group Services S.A. valued at aggregate principal amount of $20,000,000 (effective 2024-03-06).
“On March 6, 2024, Cadiz Inc. (the “Company,” “we,” “our,” and “us”) and our wholly-owned subsidiaries, Cadiz Real Estate LLC, ATEC Water Systems, LLC, and Octagon Partners LLC (collectively, the “Borrowers”), entered into a Third Amendment to Credit Agreement and First Amendment to Security Agreement (the “Third Amendment”) with HHC $ Fund 2012 (the “Heerema Lender”), an affiliate of Heerema International Group Services S.A. (“Heerema”)”
Barbara Lloyd was appointed as Director at CADIZ INC.
“On February 29, 2024, the Cadiz Inc. (the “Company”) Board of Directors (the “Board”) appointed Barbara Lloyd as a new member of the Board”
CADIZ INC entered into Term Sheet for the Delivery of Water Made Available by Cadiz Inc. and Fenner Gap Mutual Water Company to Santa Margarita Water District in the Northern Pipeline with Santa Margarita Water District valued at $1,650 per AFY (effective 2024-02-28).
“On February 28, 2024, Cadiz Inc. (the “Company” or “Cadiz”) entered into (i) an Agreement for the Delivery of Water Made Available by Cadiz Inc. and Fenner Gap Mutual Water Company to Public Water Systems, among Cadiz, Cadiz Real Estate LLC, a wholly-owned subsidiary of Cadiz, Fenner Gap Mutual Water Company (“FGMWC”) and Fontana Water Company (“FWC”), an investor-owned utility serving the City of Fontana, California (the “FWC Agreement”), and (ii) a Term Sheet for the Delivery of Water Made Available by Cadiz Inc. and Fenner Gap Mutual Water Company to Santa Margarita Water District in the Northern Pipeline (the “SMWD Term Sheet,"”
CADIZ INC entered into Agreement for the Delivery of Water Made Available by Cadiz Inc. and Fenner Gap Mutual Water Company to Public Water Systems with Fontana Water Company valued at $1,650 per AFY (effective 2024-02-28).
“On February 28, 2024, Cadiz Inc. (the “Company” or “Cadiz”) entered into (i) an Agreement for the Delivery of Water Made Available by Cadiz Inc. and Fenner Gap Mutual Water Company to Public Water Systems, among Cadiz, Cadiz Real Estate LLC, a wholly-owned subsidiary of Cadiz, Fenner Gap Mutual Water Company (“FGMWC”) and Fontana Water Company (“FWC”), an investor-owned utility serving the City of Fontana, California (the “FWC Agreement"),”
Susan Kennedy was appointed as Chief Executive Officer at CADIZ INC.
“the Board appointed Susan Kennedy as Chief Executive Officer of the Company effective as of January 1, 2024.”
Scott Slater resigned as Chief Executive Officer, President and a director at CADIZ INC.
“Scott Slater submitted his resignation on December 31, 2023, as Chief Executive Officer, President and a director of the Company effective as of such date.”
Scott Slater was appointed as Senior Advisor at CADIZ INC.
“retain Scott Slater, the current Chief Executive Officer of Cadiz, as senior advisor to the Company”
Susan Kennedy was appointed as Chief Executive Officer at CADIZ INC.
“appoint Susan Kennedy as Chief Executive Officer of Cadiz, in addition to Ms. Kennedy’s continued service as Chair of the Board”
CADIZ INC entered into MOU Amendment with San Bernardino County, Santa Margarita Water District and Fenner Gap Mutual Water Company (effective 2023-11-02).
“On November 2, 2023, Cadiz, Inc. (the “Company”) signed a binding agreement amending the 2012 Memorandum of Understanding (“MOU”) between the Company, San Bernardino County, Santa Margarita Water District and Fenner Gap Mutual Water Company governing groundwater management for the Cadiz Water Conservation and Storage Project”
CADIZ INC: Increased number of authorized shares of common stock from 70,000,000 to 85,000,000 (effective 2023-06-21).
“On June 21, 2023, Cadiz Inc. (the “Company”) filed a Certificate of Amendment of Certificate of Incorporation of the Company with the Secretary of State of the State of Delaware to increase the number of authorized shares of common stock from 70,000,000 to 85,000,000.”
CADIZ INC shareholders approved Advisory vote on the frequency of future advisory votes on named executive officer compensation at the 2023-06-21 meeting.
“The Company’s stockholders recommended, on an advisory basis, that the Company conduct future stockholder advisory votes on named executive officer compensation every year, by the following vote: 1 YEAR 2 YEARS 3 YEARS ABSTAIN BROKER NON-VOTES 45,589,663 40,315 96,019 4,260 3,764,851”
CADIZ INC shareholders approved Advisory vote on the compensation of the Company's named executive officers at the 2023-06-21 meeting.
“The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, by the following vote: VOTES FOR : 45,241,784 AGAINST : 480,362 ABSTAIN : 8,111 BROKER NON-VOTES: 3,764,851”
CADIZ INC shareholders approved Ratification of PricewaterhouseCoopers LLP as independent auditors for fiscal year 2023 at the 2023-06-21 meeting.
“PricewaterhouseCoopers LLP was approved as the Company’s independent auditors for the fiscal year 2023 by the following vote: VOTES FOR : 49,304,664 AGAINST : 174,718 ABSTAIN : 15,726”
CADIZ INC shareholders approved Amendment to Certificate of Incorporation to increase the number of authorized shares of common stock from 70,000,000 to 85,000,000 at the 2023-06-21 meeting.
“The amendment to our Certificate of Incorporation to increase the number of authorized shares of common stock was approved by the following vote: VOTES FOR : 49,083,965 AGAINST : 167,562 ABSTAIN : 243,581”
CADIZ INC shareholders approved Election of Directors at the 2023-06-21 meeting.
“(i) The following directors were elected at the meeting: NOMINEE VOTES FOR VOTES WITHHELD BROKER NON-VOTES Stephen E. Courter 45,634,054 96,203 3,764,851 Maria Dreyfus 45,713,126 17,131 3,764,851 Maria Echaveste 45,715,773 14,484 3,764,851 Winston Hickox 45,639,210 91,047 3,764,851 Susan Kennedy 45,715,998 14,259 3,764,851 Kenneth T. Lombard 45,717,017 13,240 3,764,851 Richard Polanco 45,714,015 16,242 3,764,851 Scott S. Slater 45,701,158 29,099 3,764,851 Carolyn Webb de Macias 45,716,068 14,189 3,764,851”
CADIZ INC amended First Amendment to Credit Agreement with B. Riley Commercial Capital, LLC valued at Right to convert up to $15 million of outstanding principal plus PIK interest into common stock at $ (effective 2023-02-02).
“On February 2, 2023, Cadiz Inc. (the “Company”) and its wholly-owned subsidiary, Cadiz Real Estate LLC, as borrowers (collectively, the “Borrowers”) entered into a First Amendment to Credit Agreement with B. Riley Commercial Capital, LLC (“B. Riley Commercial”) and B. Riley Securities, Inc. (“BRS”), as administrative agent”
CADIZ INC entered into Placement Agent Agreement with B. Riley Securities, Inc. and Northland Securities, Inc. valued at $40.32 million (effective 2023-01-30).
“On January 30, 2023, Cadiz Inc. (the “Company”) entered into a placement agent agreement with B. Riley Securities, Inc. (“BRS”), in its capacity as placement agent, and Northland Securities, Inc. (“Northland”), in its capacity as a “qualified independent underwriter” for purposes of compliance with FINRA Rule 5121, relating to the sale and issuance by the Company of 10,500,000 shares of the Company’s common stock (“Shares”) to certain institutional investors in a registered direct offering (the “Placement Agent Agreement”).”
CADIZ INC entered into Securities Purchase Agreement with certain accredited investors valued at aggregate purchase price of $10 million (effective 2022-11-09).
“On November 9, 2022, Cadiz Inc. (the “Company”) entered into a Securities Purchase Agreement with certain accredited investors relating to the sale and issuance by the Company of 5,000,000 shares of the Company’s common stock (“Shares”) to such investors in a registered direct offering (the “Purchase Agreement”).”
Richard Polanco was appointed as Director at CADIZ INC.
“On July 26, 2022, the Cadiz Inc. (the “Company”) Board of Directors (the “Board”) appointed Senator Richard Polanco (ret.) as a new member of the Board, filling an existing vacancy and returning the Board’s size to 10 members.”
Kenneth T. Lombard was appointed as Director at CADIZ INC.
“On April 14, 2022, the Cadiz Inc. (the “Company”) Board of Directors (the “Board”) appointed Kenneth T. Lombard as a new member of the Board, filling an existing vacancy on the Board and expanding the Board’s size to 9 members.”
Keith Brackpool changed role as Chair at CADIZ INC.
“Mr. Keith Brackpool, who served as Chair for 21 years. Mr. Brackpool will remain on the Board in a non-executive role.”
Susan P. Kennedy was appointed as Chair of the Board at CADIZ INC.
“Ms. Susan P. Kennedy accepted the appointment by the Cadiz Inc. Board of Directors to serve as Chair of the Board.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.