Cadiz Raises $21 Million in Registered Direct Offering

Susan Kennedy, Chair and Chief Executive Officer of Cadiz

“We are delighted to expand our institutional ownership at an inflection point for the Company”

Susan Kennedy, Chair and Chief Executive Officer of Cadiz

“This year we have made significant progress advancing construction of the Mojave Groundwater Bank and achieved essential regulatory, commercial, engineering and financing milestones.”

Susan Kennedy, Chair and Chief Executive Officer of Cadiz

“The Mojave Groundwater Bank will serve communities at the epicenter of the Southwest's water crisis and has earned broad support across the region — from both business and labor, as well as farmers, housing advocates, water agencies and the families they serve.”

Susan Kennedy, Chair and Chief Executive Officer of Cadiz

“Together with our tribal partner, the Lytton Rancheria of California, we are advancing one of the region's largest new water supply projects with a clear purpose: delivering affordable, reliable water to people who need it.”

Jacinto Hernandez, Executive Vice President and Chief Financial Officer of Cadiz

“Since joining Cadiz as Chief Financial Officer, I have focused on attracting long-term institutional investors, simplifying our capital structure, and improving anticipated project level returns.”

Jacinto Hernandez, Executive Vice President and Chief Financial Officer of Cadiz

“I am excited by our progress. We believe this investment strengthens our balance sheet as we work toward selecting a project equity partner and making a final investment decision on the Northern Pipeline.”