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AI brief of an SEC Form 8-K · CADIZ INC (CDZIP)

Cadiz Raises $21 Million in Registered Direct Offering at $4.20 Per Share

Neutral Impact 3 of 5 financing Written later

Cadiz Inc. agreed to sell 5,000,000 common shares at $4.20 per share to institutional investors in a registered direct offering, for an aggregate purchase price of about $21 million. The company expects net proceeds of about $20 million, which it plans to use for general corporate purposes and development of the Mojave Groundwater Bank Project, and its directors and officers agreed to a 90-day lock-up.

Key points

  • 5,000,000 shares offered at $4.20 per share, for an aggregate purchase price of about $21 million
  • Expected net proceeds of about $20 million after placement agent fees and expenses
  • Offering expected to close on or about October 30, 2026, subject to customary closing conditions
  • Directors and officers agreed to a 90-day lock-up; Roth Capital Partners, LLC is the exclusive placement agent

The filing

CompanyCADIZ INC (CDZIP)
Form8-K, current report
Filed with the SECOct 29, 2026, 4:20 PM ET
Accession number0001213900-26-113824

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.