
Proceeds to advance development of the Mojave Groundwater Bank—the largest proposed supply and storage solution for the Southwest water crisis LOS ANGELES, Oct. 29, 2026 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI, CDZIP) ("Cadiz" or the "Company") today announced that it has entered into a placement agent agreement for the purchase and sale of 5 million shares of the Company's common stock at a price of $4.20 per share in a registered direct offering (the "Offering"), resulting in a gross proceeds of $21.0 million. The Offering was anchored by a fundamental institutional investor with deep expertise in water, royalties, hard assets, and inflation protection—and supported by other new and existing shareholders.










