Associated tags: Water supply, Project, Security (finance), Groundwater, Water, Renewable energy, Water resources
Locations: COLORADO, CADIZ, CALIFORNIA, UTAH, CENTRAL VALLEY, MOJAVE
Retrieved on:
Monday, November 13, 2023
Iron,
Cádiz,
Manufacturing,
Acquisition,
Groundwater,
Central Utah Project,
ATEC,
Environmental Science & Technology,
Environmental science,
Drinking water,
Salton Sea,
Manganese,
L.L.C,
Water,
Arsenic,
Fertilizer LOS ANGELES, Nov. 13, 2023 /PRNewswire/ -- Today, Cadiz, Inc. (NASDAQ: CDZI/CDZIP) is pleased to mark the one-year anniversary of its acquisition of our water treatment operating subsidiary ATEC Water Systems, L.L.C. ("ATEC"), a leading producer of specialized water filtration solutions for contaminated groundwater sources. Since Cadiz acquired the business in Q4 2022, ATEC has secured contracts and begun production on projects expected to generate significant revenues beginning in FY 2024. ATEC segment revenues are expected to total approximately $1.4 million in FY 2023 and exceed $12 million in FY 2024 with projected segment positive operating income of approximately $3 - 4 million during FY 2024.
Key Points:
- LOS ANGELES, Nov. 13, 2023 /PRNewswire/ -- Today, Cadiz, Inc. (NASDAQ: CDZI/CDZIP) is pleased to mark the one-year anniversary of its acquisition of our water treatment operating subsidiary ATEC Water Systems, L.L.C.
- Since Cadiz acquired the business in Q4 2022, ATEC has secured contracts and begun production on projects expected to generate significant revenues beginning in FY 2024.
- We believe ATEC filters provide the most cost-effective treatment solutions for successful reduction and removal of iron and manganese from groundwater.
- The ATEC iron and manganese treatment system has effectively been adapted to remove arsenic as well as chromium-6.
LOS ANGELES, June 23, 2023 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock").
Key Points:
- LOS ANGELES, June 23, 2023 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock").
- Holders of Series A Preferred Stock will receive a cash dividend equal to $560.00 per whole share.
- Holders of depositary shares, each representing a 1/1000 fractional interest in a share of Series A Preferred Stock (Nasdaq: CDZIP), will receive a cash dividend equal to approximately $0.56 per depositary share.
- The dividend will be paid on July 14, 2023 to respective holders of record as of the close of business on July 3, 2023.
Holders of Series A Preferred Stock will receive a cash dividend equal to $550.00 per whole share.
Key Points:
- Holders of Series A Preferred Stock will receive a cash dividend equal to $550.00 per whole share.
- Holders of depositary shares, each representing a 1/1000 fractional interest in a share of Series A Preferred Stock (Nasdaq: CDZIP), will receive a cash dividend equal to approximately $0.55 per depositary share.
- The dividend will be paid on April 14, 2023 to respective holders of record as of the close of business on April 4, 2023.
Retrieved on:
Thursday, February 2, 2023
County,
Groundwater,
Project,
Data analysis,
Information system,
PG,
PE,
GIS,
Water quality,
Gamma ray,
Engineering,
California Environmental Quality Act,
TRP,
Et Fugit Intera Fugit Irreparabile Tempus,
Hydrology,
Monitoring,
Data collection,
Sustainable Groundwater Management Act,
Environmental remediation,
Civil engineering LOS ANGELES, Feb. 2, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI, CDZIP) ("Cadiz," the "Company") announced today that the Technical Review Panel ("TRP") responsible for technical oversight and environmental monitoring of the Cadiz Water Conservation and Storage Project ("Project") has been officially initiated by the County of San Bernardino and the Santa Margarita Water District ("SMWD").
Key Points:
- The GM3P requires the TRP to be in place at least 12 months before the Project commences to establish baseline data on aquifer and watershed conditions for the monitoring program.
- In accordance with the GM3P, San Bernardino County and SMWD each appoint one member to the TRP, and the third member is selected by unanimous agreement of those representatives.
- Mr. Jordan will represent Santa Margarita Water District on the TRP.
- "We are excited to begin this baseline data collection and work with the County of San Bernardino," said Dan Ferons, General Manager of SMWD.
Retrieved on:
Tuesday, January 31, 2023
Crispin Odey,
Companies (1st Amendment) Act, 2015,
Telephone,
IGS,
Security (finance),
SEC filing,
Water,
Sale,
Offering,
Amendment,
BRS,
Public expenditure,
Attention,
File,
LOS,
Suite LOS ANGELES, Jan. 31, 2023 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI, CDZIP) ("Cadiz," the "Company") today announced that it has priced a registered direct offering ("Offering") of 10.5 million shares of common stock for total gross proceeds of $40.32 million. The Offering was led by the Company's largest equity shareholders, Heerema International Group Services SA ("Heerema IGS") and Odey Asset Management, with Heerema IGS maintaining beneficial ownership of approximately 35% of the Company's common stock. Long-standing shareholders and several new investors also subscribed for shares priced in the Offering.
Key Points:
- Heerema IGS and Odey Asset Management lead investment in Cadiz to accelerate development of clean, affordable water supply, reduce Company debt
LOS ANGELES, Jan. 31, 2023 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI, CDZIP) ("Cadiz," the "Company") today announced that it has priced a registered direct offering ("Offering") of 10.5 million shares of common stock for total gross proceeds of $40.32 million.
- The Offering was led by the Company's largest equity shareholders, Heerema International Group Services SA ("Heerema IGS") and Odey Asset Management, with Heerema IGS maintaining beneficial ownership of approximately 35% of the Company's common stock.
- Long-standing shareholders and several new investors also subscribed for shares priced in the Offering.
- The Offering is being made only by means of a prospectus supplement that forms a part of the registration statement.
Retrieved on:
Tuesday, January 10, 2023
Economic development,
Housing,
Education,
Groundwater,
Partnership,
Salton Sea Authority,
Water,
Imperial,
Torres Martinez Desert Cahuilla Indians,
Leadership development,
CTE,
Native Americans,
Harwell Science and Innovation Campus,
Farmworker,
ATEC,
Workforce,
Paiute,
Aviation Career & Technical Education High School,
Sea,
Life,
Desert tortoise,
Secondary school,
Drinking water,
Danby Lake,
Climate change,
EPIC,
Arsenic,
Salton Sea,
Renewable energy,
Tribe,
Ward Valley,
Ranch This collaboration is the first known strategic business partnership between a Native American tribe and farmworkers in the U.S.
Key Points:
- This collaboration is the first known strategic business partnership between a Native American tribe and farmworkers in the U.S.
- "Cesar Chavez' ultimate vision was to inspire farmworkers and others in poor, minority communities to gain self-sufficiency," said David Villarino, President of FIELD.
- "This is a historic venture," said Susan Kennedy, Executive Chair of Cadiz, Inc. "There has never been a public-private partnership like this before.
- Portions of the land may be maintained as conservation easements for Desert Tortoise and other wildlife or utilized for renewable energy development.
Retrieved on:
Friday, December 23, 2022
LOS ANGELES, Dec. 23, 2022 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock").
Key Points:
- LOS ANGELES, Dec. 23, 2022 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock").
- Holders of Series A Preferred Stock will receive a cash dividend equal to $560.00 per whole share.
- Holders of depositary shares, each representing a 1/1000 fractional interest in a share of Series A Preferred Stock (Nasdaq: CDZIP), will receive a cash dividend equal to approximately $0.56 per depositary share.
- The dividend will be paid on January 17, 2023 to respective holders of record as of the close of business on January 4, 2023.
Retrieved on:
Thursday, November 10, 2022
Carbon,
AFY,
Review,
Private Securities Litigation Reform Act,
Forward-looking statement,
AACA,
Investment,
U.S. Securities and Exchange Commission,
Groundwater,
Water supply,
Sale,
Multimedia,
Securities Act of 1933,
Commission,
Heerema Marine Contractors,
SEC,
Annual report,
Crispin Odey,
NASDAQ,
Solution,
Water,
Project,
Securities Exchange Act of 1934,
Public expenditure,
Mojave,
Company,
SEC filing,
Offering,
ATEC,
Security (finance),
Acquisition,
LLC,
Renewable energy LOS ANGELES, Nov. 10, 2022 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI, CDZIP) ("Cadiz," the "Company") today announced that it has entered into a securities purchase agreement for a registered direct offering ("Offering") of 5 million shares of common stock for total proceeds of $10 million. The Company's largest equity shareholder Heerema International Group Services SA ("Heerema IGS"), a leading international offshore sustainable energy solutions company, anchored the Offering with an investment of $3.6 million. Funds managed by Odey Asset Management and California-based American Assets Capital Advisors, LLC ("AACA") also participated. Following the Offering, Heerema IGS will continue to beneficially own approximately 35.4% of the Company's outstanding common stock
Key Points:
- The Company's largest equity shareholder Heerema International Group Services SA ("Heerema IGS"), a leading international offshore sustainable energy solutions company, anchored the Offering with an investment of $3.6 million.
- "This investment will enable Cadiz to accelerate development of water conservation and supply projects to meet significantly increased demand for safe, affordable water in California and the West."
- Last month, the Company accelerated planned infrastructure investments to expand wellfield capacity to 36,000 acre-feet per year ("AFY").
- In November 2022, Cadiz completed its asset acquisition from ATEC, a privately held water filtration technology company.
Retrieved on:
Tuesday, October 25, 2022
U.S. Securities and Exchange Commission,
Education,
Risk,
CH2M,
City,
Review,
Chromium,
California State Water Resources Control Board,
Jacobs,
NASDAQ,
ATEC,
Salton Sea Authority,
Nitrate,
Security (finance),
Project,
Drinking water,
Multimedia,
Partnership,
Technology,
Groundwater,
LOS,
Arsenic,
Hexavalent chromium,
Company,
Manganese,
Mineral,
Compliance,
Leadership,
Acquisition,
Mojave,
Water,
Iron,
Maintenance,
Salton Sea,
Water supply,
Water resources,
Lockheed Propulsion Company,
Solution,
View,
Renewable energy,
Bottled water LOS ANGELES, Oct. 25, 2022 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI, CDZIP) ("Cadiz," the "Company") today announced a definitive agreement to acquire ATEC Systems, Inc., ("ATEC"), a leading provider of technologically-advanced, cost-effective groundwater filtration systems for community, municipal, agricultural and industrial use.
Key Points:
- Adding the ATEC business to the Cadiz portfolio diversifies its range of innovative, sustainable clean water solutions and expands Cadiz' mission to provide safe, affordable drinking water to underserved communities.
- The Company's flagship initiative is the Cadiz Water Conservation and Storage Project ("Cadiz Water Project"), which captures surplus groundwater before it evaporates in the desert and stores it underground.
- The Company installed ATEC systems to test the removal of naturally occurring minerals for operation of the Cadiz Water Project and identified ATEC as the best in class, most cost-effective treatment technology for removing minerals from groundwater supplies.
- ATEC technology is being used to provide filtration systems at tribal wells to ensure safe drinking water on tribal lands.
Retrieved on:
Friday, September 23, 2022
Securities Exchange Act of 1934,
Water supply,
Groundwater,
Project,
Securities Act of 1933,
Company,
Mission statement,
Mojave,
Review,
Private Securities Litigation Reform Act,
Forward-looking statement,
U.S. Securities and Exchange Commission,
Solution,
Annual report,
Nasdaq,
Board of directors,
NASDAQ,
Board,
Security (finance),
Water,
Commission,
Multimedia LOS ANGELES, Sept. 23, 2022 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock").
Key Points:
- LOS ANGELES, Sept. 23, 2022 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock").
- Holders of Series A Preferred Stock will receive a cash dividend equal to $550.00 per whole share.
- Holders of depositary shares, each representing a 1/1000 fractional interest in a share of Series A Preferred Stock (Nasdaq: CDZIP), will receive a cash dividend equal to approximately $0.55 per depositary share.
- The dividend will be paid on October 14, 2022 to respective holders of record as of the close of business on October 4, 2022.
