Cadiz inc. prices $50 million offering of depositary shares

Los angeles, june 30, 2021 /prnewswire/ -- 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.
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