Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/727273/000143774923031613/cdzi20230930_10q.htm
April 2024
April 2024
April 2024
March 2024
March 2024
March 2024
March 2024
January 2024
December 2023
December 2023
Document And Entity Information - shares | 9 Months Ended | |
---|---|---|
Sep. 30, 2023 | Nov. 08, 2023 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000727273 | |
Entity Registrant Name | CADIZ INC | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2023 | |
Document Transition Report | false | |
Entity File Number | 0-12114 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 77-0313235 | |
Entity Address, Address Line One | 550 South Hope Street, Suite 2850 | |
Entity Address, City or Town | Los Angeles | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 90071 | |
City Area Code | 213 | |
Local Phone Number | 271-1600 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 66,710,795 | |
Depository Shares [Member] | ||
Document Information [Line Items] | ||
Title of 12(b) Security | Depositary Shares | |
Trading Symbol | CDZIP | |
Security Exchange Name | NASDAQ | |
Common Stock [Member] | ||
Document Information [Line Items] | ||
Title of 12(b) Security | Common Stock, par value $0.01 per share | |
Trading Symbol | CDZI | |
Security Exchange Name | NASDAQ |
Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/727273/000143774923031613/cdzi20230930_10q.htm
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Cadiz Inc.
Cadiz Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:
Rating
Learn More
The proceeds of the Credit Agreement, together with the proceeds from the Depositary Share Offering, were used to (a) to repay all our outstanding senior secured debt obligations in the amount of approximately $77.6 million, (b) to deposit approximately $10.2 million into a segregated account, representing an amount sufficient to pre-fund eight quarterly dividend payments on the Series A Preferred Stock underlying the Depositary Shares issued in the Depositary Share Offering, and (c) to pay transaction related expenses.
The increase in 2023 was primarily a result of community partnership and communications investments, including $0.6 million in water quality and infrastructure costs in coordination with community partners that will improve access to clean water in disadvantaged communities in the Coachella Valley and $0.4 million in corporate communications modernization expenses to the Companys online, print, digital and social materials.
The increase in 2023 was primarily a result of community partnership and communications investments, including $1.8 million in water quality and infrastructure costs in coordination with community partners that will improve access to clean water in disadvantaged communities in the Coachella Valley and $1.0 million in corporate communications modernization expenses to the Companys online, print, digital and social materials.
In addition, prior to the maturity of the Credit Agreement, we will have the right to require that the lenders convert the outstanding principal amount, plus any PIK Interest and accrued and unpaid interest, of the Convertible Loan if the following conditions are met: (i) the average VWAP of the Companys common stock on The Nasdaq Stock Market, or such other national securities exchange on which the shares of common stock are listed for trading, over 30 consecutive trading dates exceeds 115% of the then Conversion Price, (ii) a registration statement registering the resale of the shares issuable upon conversion of the Convertible Loan has been declared effective by the Securities and Exchange Commission, (iii) the Stockholder Approval has been obtained, and (iv) there is no event of default under certain provisions of the Credit Agreement.
Under the First Amended Credit Agreement, the lenders have a right to convert up to $15 million of outstanding principal, plus any PIK interest and any accrued and unpaid interest (the Convertible Loan) into shares of our common stock at a conversion price of $4.80 per share (the Conversion Price).
In July 2021, we completed...Read more
The remaining proceeds from the...Read more
Our current and future operations...Read more
In February 2023, we completed...Read more
The shares of common stock...Read more
The shares of common stock...Read more
The shares of common stock...Read more
The January 2023 Direct Offering...Read more
The covenants in the Credit...Read more
Our future working capital needs...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Cadiz Inc provided additional information to their SEC Filing as exhibits
Ticker: CDZI
CIK: 727273
Form Type: 10-Q Quarterly Report
Accession Number: 0001437749-23-031613
Submitted to the SEC: Mon Nov 13 2023 4:09:22 PM EST
Accepted by the SEC: Mon Nov 13 2023
Period: Saturday, September 30, 2023
Industry: Water Supply