Cadiz (CDZI) Prices 2M Share Offering at $25/ADS
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Cadiz Inc. Prices $50 Million Offering of Depositary Shares
June 30, 2021 8:00 AM EDTLOS ANGELES, June 30, 2021 /PRNewswire/ --Â Cadiz Inc. ("Cadiz", the "Company" or "we") (NASDAQ: CDZI) today announced the pricing of its underwritten registered public offering of 2,000,000 depositary shares at an initial public offering price of $25.00 per depositary share, raising gross proceeds of $50 million before deducting underwriting discounts and other estimated offering expenses. The offering is expected to close on or about July 2, 2021, subject to customary closing conditions.
Each depositary share represents a 1/1000th fractional interest in a share of the Company's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred... More
