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Cadiz ( (CDZI) ) has shared an announcement.
Cadiz Inc., a California water solutions company, announced a $23 million registered direct offering of 7 million shares at $3.34 each, with the proceeds aimed at advancing its water supply and groundwater banking project. Heerema International Group Services SA, the company’s largest shareholder, participated, maintaining a 34% stake. The funding will support infrastructure development, business expansion, and general corporate purposes, with B. Riley Securities acting as the sole placement agent.
For a thorough assessment of CDZI stock, go to TipRanks’ Stock Analysis page.