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. (NASDAQ: CDZI) is a leading water solutions provider developing sustainable water infrastructure projects in California. This page aggregates official company announcements, financial disclosures, and operational updates related to its groundwater banking initiatives, pipeline developments, and water treatment technologies.
Investors and stakeholders will find timely updates on key activities including aquifer management progress, partnership agreements with municipal water districts, and advancements through its ATEC Water Systems subsidiary. All content is sourced directly from company filings and verified press releases.
Regular updates cover essential developments such as water conservation project milestones, infrastructure expansion announcements, and regulatory compliance achievements. The archive serves as a historical record of Cadiz's progress in creating climate-resarve water solutions while maintaining environmental stewardship commitments.
Bookmark this page for direct access to Cadiz's evolving strategy in sustainable water resource management. Check back frequently for new developments regarding the Cadiz Valley Water Project and other initiatives addressing California's water security challenges.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) declared a cash dividend of $550.00 per share for its 8.875% Series A Cumulative Perpetual Preferred Stock, with $0.55 per depositary share. The dividend is payable on April 15, 2022, to shareholders of record as of April 4, 2022. Established in 1983, Cadiz focuses on sustainable water and agricultural projects, owning 70 square miles in Southern California and partnering with public water agencies to create a water supply for 400,000 people.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) announced a registered direct offering of 6.86 million shares at $1.75 each, aiming to raise $12 million. The offering is led by Heerema International Group Services SA, which is investing $5 million and will gain a board observer position. Proceeds will fund working capital and support water supply projects in California. Other participants include Cadiz founder Keith Brackpool and B. Riley Securities. The offering is expected to close on March 23, 2022, without underwriting fees.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) announced the appointment of Susan Kennedy as executive Chair, succeeding founder Keith Brackpool. Kennedy, with over 30 years of experience in California politics, expressed enthusiasm for leading the company during a critical time for climate action. The company is repurposing a 220-mile pipeline for water transport, addressing California's water supply challenges amidst increasing drought conditions. This project aims to improve water security and has significant implications for sustainable resource management in the region.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) has announced a cash dividend of $560.00 per share on its 8.875% Series A Cumulative Perpetual Preferred Stock, payable on January 18, 2022, to shareholders of record by January 6, 2022. For holders of depositary shares, the dividend will be approximately $0.56 per share. The company continues its commitment to sustainable water and agricultural projects in Southern California, aiming to deliver significant water resources through its upcoming Cadiz Water Project.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) disclosed a new Schedule 13D filed by Heerema International Group Services S.A., which now owns approximately 35% of the company's common stock. Heerema IGS has stated its intention to remain a passive investor. Previously, its shares were held through Hoving & Partners. Cadiz's CEO expressed gratitude for Heerema's support, emphasizing the need for innovative water solutions in California amidst ongoing water shortages. The company is dedicated to enhancing water access through sustainable projects.
Cadiz Inc. (NASDAQ: CDZI) CEO Scott Slater addressed the California Department of Water Resources' unprecedented decision to allocate zero water to its contract districts for the upcoming year. This historic drought impacts 25 million people and 750,000 acres of farmland. Cadiz emphasizes the urgent need for enhanced water access and proposes the Cadiz Northern Pipeline as a potential solution to convey water to drought-affected communities. The company aims to support conservation initiatives and improve groundwater storage, offering possible water supply benefits to 200,000 residents.
Cadiz Inc. (NASDAQ: CDZI) released its 3rd quarter 2021 newsletter outlining significant issues affecting California's water supply amid ongoing drought conditions. The newsletter highlights the urgent need for water conservation as regional water agencies declare drought emergencies. CEO Scott Slater emphasized the company's investment in groundwater storage solutions, including the potential of the Northern Pipeline to convey up to 25,000 acre-feet of water, serving around 200,000 people. Cadiz is focusing on sustainable projects to address future climate challenges.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) announced a cash dividend of $630.00 for each share of its 8.875% Series A Cumulative Perpetual Preferred Stock, and $0.63 per depositary share. The dividend is scheduled for payment on October 15, 2021, to shareholders of record by the close of business on October 5, 2021. Cadiz focuses on sustainable water and agricultural projects in California, managing significant water resources and farming operations.
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