Cadiz Raises $21 Million in Registered Direct Offering
Cadiz said it entered into a placement agreement for a registered direct offering. Proceeds are intended to advance development of the Mojave Groundwater Bank.
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12:18:37 PM UTC
SquawkNews
Cadiz, Inc. entered a placement agent agreement to sell 5M common shares at $4.20 for gross proceeds of $21.0M, with net proceeds of approximately $20.0M. Closing is expected on or about Oct. 30, 2026, subject to customary conditions.Material DetailsContext by AI AnalystThis is another capital rais…
12:21:38 PM UTC
SquawkNews
Cadiz agreed to sell 5 mln common shares at $4.20/share in a registered direct offering for gross pr
Proceeds to advance development of the Mojave Groundwater Bank—the largest proposed supply and storage solution for the Southwest water crisisLOS ANGELES, Oct. 29, 2026 // -- Cadiz Inc. (NASDAQ:CDZI, CDZIP) ("Cadiz" or the "Company") today announced that it has entered into a placement ag…