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0 0 0 0.0112676056338028 0.0140845070422535 -0.0112676056338028 -0.0112676056338028 0.00704225352112673
Stock impact report

Cadiz Inc. Announces $23 Million Registered Direct Offering [Yahoo! Finance]

Cadiz, Inc. (CDZI) 
Last cadiz, inc. earnings: 11/8 05:19 pm Check Earnings Report
US:NASDAQ Investor Relations: cadizinc.com/investor-relations
Company Research Source: Yahoo! Finance
into a placement agent agreement for the purchase and sale of an aggregate of 7,000,000 shares of its common stock in a registered direct offering (the "Offering") at a price of per share. The aggregate gross proceeds to the Company from the Offering are expected to be approximately $23.38 million , before deducting the placement agent's fees and other offering expenses payable by the Company. The Company's largest equity shareholder, Heerema International Group Services SA ("Heerema"), participated in the Offering maintaining ownership of approximately 34% of the Company's common stock. The Offering is expected to close on or about November 5, 2024 , subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering to advance development of its water supply and groundwater banking project which may include acquisition of equipment and materials intended to be used in construction of facilities related to its northern and /o Show less Read more
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