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Cadiz Agrees to Sell 5 Million Shares in $21 Million Offering

The shares are priced at $4.20 each. Cadiz expects the offering to close on or about Oct. 30, subject to customary closing conditions.

A blank share certificate rests on a vermilion surface / TokenPost.ai
A blank share certificate rests on a vermilion surface / TokenPost.ai

Cadiz Inc. agreed to sell 5 million common shares at $4.20 each in a registered direct offering, representing $21 million in gross proceeds.

The agreement was announced Thursday, Oct. 29. Cadiz expects the offering to close on or about Oct. 30, subject to customary closing conditions.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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