Cadiz (CDZI) Announces $20 Million Registered Direct Offering

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Go back to Cadiz (CDZI) Announces $20 Million Registered Direct Offering

Cadiz Inc. Announces $20 Million Registered Direct Offering

March 7, 2025 8:42 AM EST

LOS ANGELES, March 7, 2025 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI/CDZIP) (the "Company"), a California water solutions company, today announced that it has entered into a placement agent agreement for the purchase and sale of an aggregate of 5,715,000 shares of its common stock in a registered direct offering (the "Offering") at a price of $3.50 per share. The aggregate gross proceeds to the Company from the Offering are expected to be approximately $20... More