Cadiz Funding Round

1/31/2023

Venture Equity

$40,000,000

Undisclosed

The Company intends to use the net cash proceeds from this Offering to, fund capital expenditures expected to accelerate development of the Company's water supply and storage project, repay $15 million in principal of its existing $50 million credit facility with its lender B. Riley Commercial Capital, LLC ("B. Riley Commercial"), provide working capital and support the development of additional water resources to meet increased demand on an accelerated timetable.

Private & Independent

Environmental

550 South Hope St 2850
Los Angeles, CA 90071
USA

Founded in 1983, Cadiz Inc. is a natural resources company headquartered in Los Angeles with more than 70 square miles of land that's home to significant water assets and rights in Southern California. We are dedicated to pursuing sustainable projects through the responsible stewardship of our land and water resources. Our properties, which are located at three sites in the eastern Mojave Desert portion of San Bernardino County, offer abundant and renewable sources of clean water, a nearly pest-free environment ideal for organic farming, and excellent potential for conservation opportunities.