Brief: Cadiz Says Entered Placement Agent Agreement With B. Riley Securities Relating To Sale, Issuance By Co Of 1.2 Mln Shares Of Common Stock

Cadiz

03/06/2021 14:40

June 3 (Reuters) - Cadiz Inc  CDZI.O :
    * CADIZ - ON JUNE 2, CO ENTERED PLACEMENT AGENT AGREEMENT
WITH B.
RILEY SECURITIES RELATING TO SALE, ISSUANCE BY CO OF 1.2 MILLION
SHARES OF COMMON STOCK
    * CADIZ INC - SHARES OF COMMON STOCK WILL BE SOLD AT
PURCHASE
PRICE OF $12.30 PER SHARE, FOR AN AGGREGATE PURCHASE PRICE OF
ABOUT $15 MILLION
    * CADIZ - TO USE OFFERING PROCEEDS WITH CASH ON HAND TO FUND
$19
MILLION PAYMENT DUE BY JUNE 30, UNDER PURCHASE AGREEMENT WITH EL
PASO NATURAL GAS COMPANY

Source: (https://bit.ly/3id8yTQ)
Further company coverage:  CDZI.O 

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