Cadiz Inc.

NASDAQ:CDZI   3:20:13 PM EDT
12.70
+0.10 (+0.79%)
Debt Financing / Related, Equity Investments, Equity Financing / Related

Cadiz Says Entered Placement Agent Agreement With B. Riley Securities Relating To Sale, Issuance By Co Of 1.2 Mln Shares Of Common Stock

Published: 06/03/2021 13:48 GMT
Cadiz Inc. (CDZI) - Cadiz - on June 2, Co Entered Placement Agent Agreement With B. Riley Securities Relating to Sale, Issuance by Co of 1.2 Million Shares of Common Stock.
Cadiz Inc - Shares of Common Stock Will Be Sold at Purchase Price of $12.30 per Share, for an Aggregate Purchase Price of About $15 Million.
Cadiz - to Use Offering Proceeds With Cash on Hand to Fund $19 Million Payment Due by June 30, Under Purchase Agreement With El Paso Natural Gas Company.