Brief: Cadiz Announces $10 Million Direct Placement Led By Largest Investors

Cadiz

10/11/2022 14:49

Nov 10 (Reuters) - Cadiz Inc  CDZI.O :
    * CADIZ INC. ANNOUNCES $10 MILLION DIRECT PLACEMENT LED BY
LARGEST
INVESTORS
    * CADIZ INC - ENTERED INTO SECURITIES PURCHASE AGREEMENT FOR
REGISTERED DIRECT OFFERING OF 5 MILLION SHARES OF COMMON STOCK
FOR TOTAL PROCEEDS OF $10 MILLION
    * CADIZ INC - CO'S LARGEST EQUITY SHAREHOLDER HEEREMA
INTERNATIONAL GROUP SERVICES SA ANCHORED OFFERING WITH AN
INVESTMENT OF $3.6 MILLION
    * CADIZ INC - FUNDS MANAGED BY ODEY ASSET MANAGEMENT AND
CALIFORNIA-BASED AMERICAN ASSETS CAPITAL ADVISORS, LLC ALSO
PARTICIPATED
    * CADIZ INC - FOLLOWING OFFERING, HEEREMA IGS WILL CONTINUE
TO
BENEFICIALLY OWN ABOUT 35.4% OF CO'S OUTSTANDING COMMON STOCK

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