Cadiz Inc. (CDZI)
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Glass House has collapsed following the close of a SPAC transaction with Mercer Park Acquisition.
LOS ANGELES, Sept. 15, 2021 /PRNewswire/ -- Cadiz Inc. ("the Company," NASDAQ: CDZI) released its outlook on the new California water year, which begins October 1, 2022, as systemic water shortage in California intensifies.
No news was bad news for the water company.
LOS ANGELES, Sept. 13, 2021 /PRNewswire/ -- 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.
Cadiz (CDZI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 Credit Facility"), successfully completing a $107.5 million financing package that has enabled the Company to reduce its total outstanding debt, lengthen debt maturity and provide capital resources for continued asset development activities. The net proceeds from the BRS Credit Facility, combined with the net proceeds from its recently closed underwritten registered public offering of $57.5 million of 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"), represented by depositary shares which are expected to be begin trading on NASDAQ under the symbol "CDZIP" within 30 days, were utilized to repay in full the Company's senior secured term loan with Apollo Special Situations Fund, LP(the "Existing Credit Agreement"), fund a segregated dividen
LOS ANGELES, July 1, 2021 /PRNewswire/ -- Cadiz Inc. ("the Company," NASDAQ: CDZI) is pleased to announce today that it completed the acquisition of an existing 220-mile pipeline, the Cadiz "Northern Pipeline," making final payment of $19 Million to El Paso Natural Gas ("EPNG"). As California continues to address supply inequalities, infrastructure challenges and intensifying drought, the Northern Pipeline can provide new water conveyance access and supplement California's water infrastructure along an underserved, growing east-west route with additional regulatory approvals.
LOS ANGELES, June 30, 2021 /PRNewswire/ -- 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. The offering is expected to close on or about July 2, 2021, subject to customary closing conditions.
Cadiz Inc. Announces Offering of Depositary Shares and Series A Cumulative Perpetual Preferred Stock2021-06-28 16:51
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.