Cadiz Inc. Announces $20 Million Registered Direct Offering
Los Angeles, CA – March 7, 2025
Cadiz Inc. (NASDAQ: CDZI, CDZIP), a leading California water solutions company, has recently 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”). The Offering is priced at $3.50 per share, and the Company is expected to receive approximately $20 million in gross proceeds before deducting the placement agent’s fees and other offering expenses.
Impact on Cadiz Inc.
This registered direct offering represents a significant funding opportunity for Cadiz Inc. The Company plans to use the net proceeds from the Offering for general corporate purposes, including the continued development of its water projects in Southern California. These projects aim to provide water solutions to the region’s agricultural and urban communities, addressing the growing water scarcity issue.
Impact on Stakeholders
The registered direct offering may have several positive implications for Cadiz Inc.’s stakeholders:
- Investors: The additional capital raised from this Offering will enable Cadiz Inc. to further advance its water projects and potentially lead to increased shareholder value.
- Customers: The funds obtained from the Offering could contribute to the expansion of Cadiz Inc.’s water projects, ensuring a more reliable water supply for its customers in Southern California.
- Community: The continued development of water projects by Cadiz Inc. can contribute to the long-term sustainability and growth of the communities it serves.
Impact on the World
The water scarcity issue is a global challenge, and the efforts of companies like Cadiz Inc. to address this problem can have a significant impact on the world:
- Environment: Effective water management is essential for the preservation of ecosystems and biodiversity. Cadiz Inc.’s water projects aim to minimize water waste and promote sustainable water use.
- Agriculture: A reliable water supply is crucial for agricultural productivity. By addressing water scarcity, Cadiz Inc.’s projects can contribute to the growth and sustainability of agricultural industries.
- Urban Communities: Water scarcity is a major concern for urban communities, particularly in areas prone to drought. The development of water projects like those by Cadiz Inc. can help ensure a consistent water supply for these communities.
Conclusion
Cadiz Inc.’s recent registered direct offering represents a significant step forward in the Company’s mission to provide water solutions to the communities of Southern California. The net proceeds from the Offering will be used to further advance the Company’s projects and contribute to the long-term sustainability of the region’s water supply. The impact of this funding extends beyond the local community, as effective water management is essential for the environment, agriculture, and urban communities worldwide. As Cadiz Inc. continues to innovate and address the water scarcity challenge, it sets an example for other companies and governments to follow.
By prioritizing profitability, education, and intensity, Cadiz Inc. is well-positioned to lead the way in California’s water solutions market and contribute to a more sustainable future for all.
For more information, please visit www.cadizwater.com.
