Recent 8-K filings for CDZI

• May 20, 2026, 4:20 PM ET other material materiality 0.75 positive item 7.01item 9.01

  Cadiz CEO letter details cost increases, $194M WIFIA invite, ATEC growth, BLM permit progress

  Construction costs rose; capital structure revised to ~30% equity / 70% public debt via GMP contract with W.M. Lyles.

• October 28, 2025, 7:59 PM ET debt materiality 0.75 positive item 1.01item 2.03item 7.01item 8.01item 9.01 ◈ Debt Financings

  Cadiz secures $51M loan from Lytton Rancheria for Mojave Groundwater Bank

  Unsecured term loan up to $51M from Lytton Rancheria; first tranche of $450M equity raise via MWI.

• September 26, 2025, 7:59 PM ET regulatory materiality 0.70 positive item 8.01item 9.01

  Cadiz Signs MOU with U.S. Bureau of Reclamation for Colorado River Water Augmentation Study

  Cadiz, Fenner Valley Water Authority, and Fenner Gap Mutual Water Company entered into MOU with U.S. Bureau of Reclamation on Sept 25, 2025.

• August 7, 2025, 7:59 PM ET other material materiality 0.60 positive item 8.01

  Cadiz signs MOU with EPCOR to jointly develop Mojave Groundwater Bank; 25,000 AFY for Arizona

  Cadiz grants EPCOR exclusive rights to market 25,000 acre-feet/year of conserved water to Arizona off-takers.

• June 20, 2025, 7:59 PM ET other material materiality 0.60 positive item 7.01item 8.01item 9.01

  Cadiz signs MOU with Hoku Energy for clean energy campus on 10,000+ acres; expects $7-10M/yr revenue

  Non-binding MOU grants Hoku Energy three-year exclusive option to develop renewable power, green hydrogen, and data center on Cadiz Ranch in Mojave Desert.

• March 10, 2025, 7:59 PM ET other material materiality 0.65 neutral item 1.01item 8.01item 9.01

  Cadiz raises ~$20M in registered direct offering of 5.7M shares at $3.50/share for groundwater bank project

  Sold 5,715,000 common shares at $3.50 each; gross proceeds ~$20M, net proceeds ~$18.3M after fees.

• March 7, 2025, 6:59 PM ET other material materiality 0.60 neutral item 7.01item 9.01

  Cadiz announces $20M registered direct offering of 5.7M shares at $3.50/share

  Offering of 5,715,000 common shares at $3.50/share; gross proceeds ~$20M.

• March 4, 2025, 6:59 PM ET other material materiality 0.75 positive item 7.01item 8.01item 9.01

  Cadiz signs LOA for up to $175M investment in Mojave Groundwater Bank project

  Lead investor (public water infrastructure company) commits up to $175M in MGSC.

• November 25, 2024, 6:59 PM ET M&A materiality 0.80 positive item 7.01item 8.01item 9.01

  Cadiz signs LOI with Lytton Rancheria for $50M investment in Mojave Groundwater Bank

  Lytton Rancheria to invest up to $50M in Newco for 51% stake in Mojave Groundwater Bank, largest tribal investment off tribal lands in U.S. history.

• November 12, 2024, 6:59 PM ET other material materiality 0.65 positive item 1.01item 7.01item 9.01

  Cadiz secures option to buy 180 miles of Keystone XL pipe for $5M; plans groundwater bank

  Purchase option for 180 miles of steel pipe from terminated Keystone XL Pipeline; initial $5M payment secures exclusive option until Nov 2026, extendable to Nov 2027.

• November 5, 2024, 6:59 PM ET other material materiality 0.70 neutral item 1.01item 8.01item 9.01

  Cadiz raises $23.4M in registered direct offering; largest shareholder Heerema maintains 34% stake

  Sold 7M shares at $3.34 each; gross proceeds $23.38M, net ~$21.9M after fees.

• November 4, 2024, 6:59 PM ET other material materiality 0.65 neutral item 7.01item 9.01

  Cadiz Inc. announces $23.4M registered direct offering of 7M shares at $3.34; Heerema participates

  7,000,000 shares at $3.34 per share; gross proceeds ~$23.38 million.

• October 31, 2024, 7:59 PM ET other material materiality 0.80 positive item 8.01

  Cadiz signs non-binding LOI for up to $150M fund investment in Mojave Groundwater Bank

  Non-binding LOI with non-profit investment fund for up to $150M to support Newco for Mojave Groundwater Bank.

• October 23, 2024, 7:59 PM ET other material materiality 0.75 positive item 7.01item 8.01item 9.01

  Cadiz partners with RIC Energy to build green hydrogen facility on 3,062 acres at Cadiz Ranch

  RIC will build self-sufficient off-grid green hydrogen plant producing 50 tons/day using solar power on up to 3,062 acres.

• September 19, 2024, 7:59 PM ET leadership materiality 0.60 positive item 5.02item 7.01item 9.01 ◈ executive_change

  Cadiz appoints Cathryn Rivera as COO effective Sept 16, 2024; base salary $275K

  Rivera hired as COO, effective Sept 16, 2024, to lead operations for groundwater banking and water tech projects.

• August 14, 2024, 7:59 PM ET other material materiality 0.85 positive item 1.01item 9.01

  Cadiz signs 40-year water supply deal with Cucamonga Valley Water District for up to 5,000 AFY

  CVWD to purchase up to 5,000 acre-feet per year from Cadiz's Water Project via Northern Pipeline.

• April 19, 2024, 7:59 PM ET other material materiality 0.60 positive item 1.01item 9.01 ◈ Material Agreements

  Cadiz signs water supply deal with Solstra for up to 1,275 AFY at $1,750/AF; ~$16M net revenue over 15 yrs

  Agreement to provide 1,275 acre-feet/year of conserved water to Solomon Hills workforce housing development near Vandenburg AFB.

• April 19, 2024, 7:59 PM ET leadership materiality 0.60 neutral item 5.02item 9.01

  Cadiz CEO Kennedy gets new employment agreement with expanded equity incentives

  Base salary $400,000; annual cash bonus target 100% of base based on performance goals.

Executive changes

Materiality & sentiment trend

Max materiality 0.85 · Median 0.65 · Most common event other_material

13 positive 0 negative 8 neutral

source · CDZI on sec.gov