Update on Litigation Challenging Scope of Environmental Review for Northern Pipeline Right-of-Ways
On Friday December 3, 2021, the United States Bureau of Land Management (“BLM”) filed in U.S. Federal District Court a motion for voluntary remand in two cases challenging the adequacy of environmental review for BLM’s December 2020 approval of an assignment of an existing right-of-way under the Mineral Leasing Act (MLA) and a grant of […]
Cadiz Inc. Issues Statement in Response to News that California Water Districts Will Receive 0% of Supplies Contracted from the State
LOS ANGELES, Dec. 3, 2021 /PRNewswire/ — Today, Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”, the “Company”) CEO Scott Slater released the following statement in response to the California Department of Water Resources’ announcement that it will allocate zero water to its 29 contract water districts next year. “The State water outlook turned gloomier this week; if that’s […]
Cadiz CEO Scott Slater on Sirius XM’s Wharton Business Radio
On October 6, 2021, Cadiz Inc. CEO Scott Slater was interviewed on Sirius XM Channel 132’s Wharton Business Radio program by host Dan Loney. The interview focused on California’s ongoing water challenge and solutions being contemplated to innovate and address these issues. Scott was invited to discuss Cadiz’s water solutions and plans to repurpose […]
Cadiz Declares Quarterly Dividend on Series A Cumulative Perpetual Preferred Stock
LOS ANGELES, Sept. 27, 2021 /PRNewswire/ — Cadiz Inc. (Nasdaq: CDZI/CDZIP) (“Cadiz” or the “Company”) today announced its Board of Directors has declared the following cash dividend on the Company’s 8.875% Series A Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock”). Holders of Series A Preferred Stock will receive a cash dividend equal to $630.00 per whole share. Holders of […]
Systemic Water Shortage in California Intensifies
Posted: September 15, 2021 On the heels of one of the driest years in recorded history California will begin a new “water year” on October 1st.[1] An inventory of existing water assets does not build confidence that we are prepared for yet another dry year. Photos prominently placed in print media are circulating the internet […]
Cadiz Inc. Issues Statement on Recent Stock Volatility
LOS ANGELES, September 21, 2021—Today, Cadiz Inc. (“the Company,” NASDAQ: CDZI) released the following statement to address recent volatility in the trading of the Company’s stock. The Company reports that there have been no new material developments nor pending announcements concerning its business operations contributing to market activity. The Company issued its second quarter results on […]
Cadiz Completes $107.5M Refinancing Package
New Credit Facility and Preferred Stock Replace Existing Debt and Provide Working Capital for ongoing Asset Development. LOS ANGELES, July 7, 2021 /PRNewswire/ — Today, Cadiz Inc. (“the Company,”NASDAQ: CDZI) is pleased to announce the closing of a new, long-term $50 million, 7% senior secured credit facility agented by B Riley Securities, Inc. (the “BRS […]
Cadiz Completes Acquisition of 220-Mile Pipeline Asset
Company finalizes transaction with El Paso Natural Gas to acquire existing pipeline segment. Pipeline positioned to convey water between California communities and diversify state’s water infrastructure. (LOS ANGELES, July 1, 2021) — Cadiz Inc. (“the Company,” NASDAQ: CDZI) is pleased to announce today that it completed the acquisition of an existing 220-mile pipeline, the […]
Cadiz Inc. Prices $50 Million Offering of Depositary Shares
(LOS ANGELES, June 29, 2020) — Cadiz Inc. (“Cadiz”, the “Company” or “we”) (NASDAQ: CDZI) today announced the pricing of its underwritten registered public offering of 2,000,000 depositary shares at an initial public offering price of $25.00 per depositary share, raising gross proceeds of $50 million before deducting underwriting discounts and other estimated offering expenses. […]
Cadiz Inc. Announces Offering of Depositary Shares and Series A Cumulative Perpetual Preferred Stock
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, […]