Welcome to our dedicated page for Cadiz news (Ticker: CDZI), a resource for investors and traders seeking the latest updates and insights on Cadiz stock.
Cadiz Inc. reports developments in water supply, groundwater banking, pipeline infrastructure and water filtration in California. The company’s Land and Water Resources activities include eastern Mojave Desert properties, agricultural operations and development of the Mojave Groundwater Bank for supply, storage and conveyance. Its Water Filtration Technology segment provides filtration solutions for impaired or contaminated groundwater sources.
Company announcements also cover project financing, water-agency partnerships, perchlorate treatment work, federal water-infrastructure funding processes and governance changes. Cadiz also issues recurring capital-structure updates tied to its 8.875% Series A Cumulative Perpetual Preferred Stock and related depositary shares traded under CDZIP.
Cadiz Inc (NASDAQ: CDZI) announced its participation in the 37th Annual ROTH Conference from March 16-18, 2025, at the Laguna Cliffs Marriott Resort in Dana Point, CA. Chairman and CEO Susan Kennedy will join a Water Infrastructure Panel on March 17 at 3:00pm PT, moderated by ROTH Sr. Research Analyst Gerard Sweeney.
The conference will feature approximately 450 private and public companies through one-on-one meetings, analyst-led discussions, and panel sessions across various growth sectors. Cadiz, founded in 1983, is a California water solutions company with significant assets including:
- 45,000 acres of California land
- 2.5 million acre-feet of water supply
- 220 miles of pipeline assets
- Advanced water treatment filtration technology
Cadiz Inc. (NASDAQ: CDZI), a California water solutions company, has announced a $20 million registered direct offering of 5,715,000 common stock shares at $3.50 per share. The offering is expected to close with institutional investors around March 10, 2025.
The net proceeds will fund the development of the Mojave Groundwater Bank project, including equipment and materials for northern/southern pipeline construction starting in 2025. Funds will also support wellfield infrastructure, business development, capital expenditures, and general corporate purposes.
The company expects reimbursement of project-related expenses through Mojave Groundwater Storage Company, (MGSC), a new entity established for the project's construction, ownership, and operation. Roth Capital Partners, serves as the exclusive placement agent for this offering.
Cadiz Inc. (NASDAQ: CDZI) has signed a Letter of Agreement (LOA) with a lead investor for an investment of up to $175 million in the Mojave Groundwater Storage Company, (MGSC), a new entity for the Mojave Groundwater Bank project. The lead investor, a publicly traded water infrastructure-focused company, joins previously announced tribal investors, with total expected equity capital reaching $401 million.
Under the agreement, Cadiz will transfer significant assets to MGSC, including the Northern Pipeline, Southern Pipeline right of way, and 51% of water storage rights. In return, MGSC will pay Cadiz $51 million and provide up to $350 million for development and construction. Cadiz retains 49% of water storage rights and all water supply purchase contracts.
Through East Mojave Water Company, (EMWC), MGSC investors will receive priority distributions with a 7.5% annual yield. The agreement remains non-binding until definitive agreements are executed and shareholder approval is obtained.
Cadiz Inc. (NASDAQ: CDZI) has partnered with Stantec Inc. (NYSE: STN) to oversee the development and construction of the $800M Mojave Groundwater Bank project, set to be the Southwest's largest new water infrastructure project. The project will provide:
- 2.5 million acre-feet of new water supply
- 1 million acre-feet of underground storage capacity
- 350+ miles of pipeline network between Colorado River and California Aqueducts
Located at a 2,000 square mile watershed system base, the aquifer system currently holds 30-50 million acre-feet of groundwater. At the end of 2024, Cadiz announced a historic partnership with Native American Tribes to construct, own, and operate the project, marking the first large-scale water infrastructure project off tribal lands in U.S. history.
Cadiz Inc. (NASDAQ: CDZI), a California water solutions company, has scheduled a quarterly Corporate Update Call for investors on January 22, 2025, at 11:00am ET. Chairman and CEO Susan Kennedy will present the company's 2024 milestone achievements and outline 2025 objectives.
Investors and analysts can submit questions in advance until 5:00pm ET on January 21, 2025, via CDZI@mzgroup.us. The call will be accessible through both domestic (1-877-407-0779) and international (1-201-389-0914) dial-in numbers, with a webcast option available on the company's investor relations website.
Founded in 1983, Cadiz operates with 45,000 acres of California land, 2.5 million acre-feet of water supply, 220 miles of pipeline assets, and specialized water treatment filtration technology, focusing on providing clean, reliable, and affordable water solutions to address climate change impacts.
Cadiz Inc. (NASDAQ: CDZI) has announced a quarterly dividend declaration for Q4 2024 on its 8.875% Series A Cumulative Perpetual Preferred Stock. Shareholders will receive $560.00 per whole share, while holders of depositary shares (CDZIP) will receive $0.56 per depositary share. The dividend will be paid on January 15, 2025, to holders of record as of January 3, 2025.
The company, founded in 1983, is a California water solutions provider with 45,000 acres of land, 2.5 million acre-feet of water supply, and 220 miles of pipeline assets, focusing on clean water access solutions to address climate change impacts.
Cadiz (NASDAQ: CDZI), a California water solutions company, has announced its participation in the iAccess Alpha Virtual Best Ideas Winter Conference 2024 on December 10-11, 2024. Chairman and CEO Susan Kennedy will present on December 10th at 2:30pm ET and conduct one-on-one investor meetings the following day.
The company, founded in 1983, specializes in water supply, storage, pipeline, and treatment solutions. Cadiz's assets include 45,000 acres of California land, 2.5 million acre-feet of water supply, and 220 miles of pipeline infrastructure. The company focuses on providing clean, reliable, and affordable water access while addressing climate change impacts through cost-effective water treatment filtration technology.
Cadiz Inc. (NASDAQ: CDZI) has signed a Letter of Intent with the Lytton Rancheria of California for a historic $50 million investment in the Mojave Groundwater Bank project. This marks the largest investment in water infrastructure off tribal-lands by Native American Tribes in U.S. history. The project, located in California's Mojave Desert, features a massive underground reservoir holding 30-40 million acre-feet of water, exceeding the combined capacity of Lake Mead and Lake Powell. The groundwater bank will include over 300 miles of pipelines and aims to provide clean water to underserved communities. Construction is expected to begin in 2025, with initial water delivery targeted for 2026.
Cadiz (NASDAQ: CDZI) has agreed to purchase 180 miles of steel pipe from the terminated Keystone XL Pipeline Project to expand its water delivery infrastructure. The pipe will be used to connect the company's Mojave Groundwater Bank to major water networks in the Southwestern U.S. This acquisition complements Cadiz's existing 220 miles of pipeline acquired from El Paso Natural Gas in 2021. The company plans to begin construction in 2025. Additionally, Cadiz has secured an LOI for up to $150 million from a non-profit investment fund, with potential total equity funding of $401 million towards the estimated $800 million project cost.
Cadiz Inc. (NASDAQ: CDZI) has announced a $23.38 million registered direct offering of 7,000,000 common stock shares at $3.34 per share. Heerema International Group Services SA, the company's largest shareholder, participated to maintain its 34% ownership. The offering is expected to close around November 5, 2024. The proceeds will fund the development of water supply and groundwater banking projects, including pipeline construction planned for 2025, wellfield infrastructure, business development, and general corporate purposes. B. Riley Securities is acting as the sole placement agent.