Cadiz, Inc. Depositary Shares - CDZIP STOCK NEWS

On May 17, 2024, Cadiz announced the availability of its Corporate Overview Investor Call materials on its Investor Relations website. The event, held on May 16, 2024, marked the debut investor presentation by Chairman and CEO, Susan Kennedy, who took over in January 2024. The materials include a webcast replay, an investor presentation, and a full transcript of the call, including a Q&A session. Kennedy introduced Cadiz's diversified water solutions, encompassing water supply, storage, conveyance, and treatment assets. Cadiz, founded in 1983, operates with 45,000 acres of land, 2.5 million acre-feet of water supply, and 220 miles of pipeline assets in California, offering advanced water treatment technology.

Cadiz's subsidiary ATEC Water Systems has been awarded a $5.2 million contract to supply water treatment filtration systems for the Cascade Groundwater Alliance treatment project in Gresham, Oregon. This marks ATEC's 12th successful bid in the last 12 months, reflecting rapid growth in orders due to tightening water quality standards. The contract is expected to increase ATEC's 2024 revenue forecast to $15 million from $12 million.

Cadiz, Inc. (NASDAQ: CDZI) announced a Corporate Overview Investor Call to be held on May 16, 2024, hosted by Susan Kennedy, Chairman and CEO, featuring prepared remarks and a Q&A session. The company will also participate in the B. Riley Investor Conference on May 22 - 23, 2024. Cadiz, founded in 1983, provides water solutions in California, focusing on water supply, storage, pipeline, and treatment solutions.

Cadiz, Inc. engages MZ Group to enhance investor relations program amidst strategic developments, led by Susan Kennedy. Recent Form 4 filing reveals CEO's purchase of CDZI shares, aligning with shareholders. MZ to bolster capital markets strategy as Cadiz focuses on valuable water assets, infrastructure, and technologies to address water access issues.

Cadiz, Inc. announces a water supply agreement with Solstra Communities to support the development of 4,000 homes for working families in California. The innovative 'Solomon Hills' project aims to provide housing for military and working families near Vandenberg Space Force Base. This agreement marks Cadiz's first venture into providing water supply for housing development, with 65% of their Northern Pipeline capacity now under contract.

Cadiz, Inc. (NASDAQ: CDZI/CDZIP) declares a cash dividend on its 8.875% Series A Cumulative Perpetual Preferred Stock. Holders will receive $550.00 per whole share or approximately $0.55 per depositary share. The dividend payout is scheduled for April 15, 2024.

Cadiz, Inc. secures a $57 million credit agreement, with $20 million allocated for water supply project development in Southern California. The financing strengthens the company's financial position, extends debt maturities, and receives strong support from shareholders and lenders, notably Heerema International Group Services SA.

Cadiz, Inc. appoints Barbara Lloyd, a seasoned professional in project finance and infrastructure financing, to its Board of Directors. Lloyd's extensive experience in public-private partnerships and innovative financing strategies will be instrumental as Cadiz ventures into water infrastructure projects.

Cadiz, Inc. announces a new financing agreement with Heerema International Group Services BV to acquire a $21.2 million Senior Secured Loan and provide an additional $20 million for capital investments. The agreement extends the Maturity Date of the combined loan to 6/30/2027, with no debt due prior to 2027. Heerema's support aligns with Cadiz's strategic objectives, focusing on clean water infrastructure solutions.