Cadiz Raises $21 Million Through Registered Direct Offering
Cadiz (CDZI) announced on Thursday that it has entered into a placement agent agreement to facilitate a registered direct offering. The company intends to sell 5 million shares of its common stock at a price of $4.20 per share, raising approximately $21 million in gross proceeds. The capital raise is designed to strengthen the company's balance sheet and provide liquidity for its ongoing operations. This move follows standard procedures for small-cap companies seeking to fund growth or manage debt through equity issuance.
Tickers: $CDZI
Topics: Capital Raising Registered Direct Offering Stock Issuance
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Part of the story Cadiz Inc. Raises $21 Million Through Registered Direct Offering (2 articles)