Cadiz Inc. Completes Agreements to Exchange Outstanding Convertible Notes Due March 2020 for Preferred Stock and Extend Maturity Date of Senior Secured Debt to May 2022
Cadiz, Inc. (CDZI)
Last cadiz, inc. earnings: 11/8 05:19 pm
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US:NASDAQ Investor Relations:
cadizinc.com/investor-relations
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Source: Business Wire
Company Reduces Overall Debt Burden by Over One-HalfCompany also Completes ATM Offering LOS ANGELES--(BUSINESS WIRE)--Today, Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”, the “Company”), a California business dedicated to sustainable water and agricultural projects, announced that it has entered into agreements with the holders of the Company’s outstanding Convertible Notes due March 2020 (“Convertible Notes”) to exchange approximately $27 million of outstanding principal amount of the Convertible Notes into a new series of convertible preferred stock that is convertible into common stock no later than March 2025 and has no dividend or required redemption. All remaining Convertible Notes were converted into common stock prior to their March 5, 2020 maturity date in accordance with their terms and the resulting common stock has been issued and is already outstanding. Concurrent with the exchange agreements, the Company also entered into an option agreement with its senior lender, Apollo Speci
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CDZI
News
- Cadiz Inc. (NASDAQ: CDZI) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Cadiz to Purchase 180 Miles of New Pipeline AssetsPR Newswire
- While institutions invested in Cadiz Inc. (NASDAQ:CDZI) benefited from last week's 17% gain, private companies stood to gain the most [Yahoo! Finance]Yahoo! Finance
- Cadiz Inc. Announces $23 Million Registered Direct Offering [Yahoo! Finance]Yahoo! Finance
- Cadiz Inc. Announces $23 Million Registered Direct OfferingPR Newswire
CDZI
Earnings
- 11/13/24 - Miss
CDZI
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form 10-Q
- 11/12/24 - Form SC
- CDZI's page on the SEC website