Cadiz Inc.
NASDAQ:CDZI 4:00:00 PM EDT
Earnings Announcements
Cadiz Inc Announces $40 Mln Registered Direct Offering
Published: 01/31/2023 14:02 GMT
Cadiz Inc. (CDZI) - Cadiz Inc. Announces $40 Million Registered Direct Offering Backed by Largest Shareholders.
Cadiz Inc - Priced a Registered Direct Offering of 10.5 Million Shares of Common Stock for Total Gross Proceeds of $40.32 Million.
Cadiz Inc - Intends to Use Net Cash Proceeds From Offering To, Fund Capital Expenditures Expected to Accelerate Development of Company's Water Supply.
Cadiz - Intends to Use Net Cash Proceeds From Offering to Repay $15 Million of Existing $50 Million Credit Facility.
Cadiz Inc - Offering is Expected to Close With Net Proceeds of Approximately $38.5 Million to Company on Or About February 2, 2023.
Cadiz Inc - Priced a Registered Direct Offering of 10.5 Million Shares of Common Stock for Total Gross Proceeds of $40.32 Million.
Cadiz Inc - Intends to Use Net Cash Proceeds From Offering To, Fund Capital Expenditures Expected to Accelerate Development of Company's Water Supply.
Cadiz - Intends to Use Net Cash Proceeds From Offering to Repay $15 Million of Existing $50 Million Credit Facility.
Cadiz Inc - Offering is Expected to Close With Net Proceeds of Approximately $38.5 Million to Company on Or About February 2, 2023.
Revenue is expected to be $1.94 Million
Adjusted EPS is expected to be -$0.13
Next Quarter Revenue Guidance is expected to be $0.14 Million
Next Quarter EPS Guidance is expected to be -$0.08
More details on our Analysts Page.
Adjusted EPS is expected to be -$0.13
Next Quarter Revenue Guidance is expected to be $0.14 Million
Next Quarter EPS Guidance is expected to be -$0.08
More details on our Analysts Page.