Cadiz (CDZI) Announces Proposed Offering of 2M ADS

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/14/2026

1. WDAY
2. NVDA
3. AAPL
4. JNJ
5. AMAT
6. META
7. NRIX
8. SPY
9. OIG
10. BAC

Go back to Cadiz (CDZI) Announces Proposed Offering of 2M ADS

Cadiz Inc. Announces Offering of Depositary Shares and Series A Cumulative Perpetual Preferred Stock

June 28, 2021 4:51 PM EDT

LOS ANGELES, June 28, 2021 /PRNewswire/ -- Cadiz Inc. ("Cadiz", the "Company" or "we") (NASDAQ: CDZI) today announced it has commenced an underwritten registered public offering of 2,000,000 depositary shares, each representing a 1/1000th fractional interest in a share of the Company's Series A Cumulative Perpetual Preferred Stock, with a liquidation preference of $25.00 per depositary share, to raise anticipated gross proceeds of $50.0 million before deducting transaction expenses, subject to market and certain other conditions.  The Company expects to grant the underwriters a 30-day option to purchase additional depositary shares in connection with the offering.

... More