Key Developments: Cadiz Inc (CDZI.W)


CDZI.W on CBOE When Trading NASDAQ Global Select Market

5.36USD
18 Jun 2013
Price Change (% chg)

$-0.22 (-3.94%)
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$5.58
Open
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Latest Key Developments (Source: Significant Developments)

Cadiz Inc Names Scott Slater Chief Executive Officer
Thursday, 10 Jan 2013 12:03pm EST 

Cadiz Inc announced that it has appointed Company President Scott Slater to the additional role of Chief Executive Officer effective February 1, 2013. Keith Brackpool, a co-founder of the Company who has served as CEO since 1991, will remain as Chairman of the Board of Directors. Mr. Brackpool has been a member of the Company's Board since 1986 and Chairman since 2001.  Full Article

Federal Court Dismisses Case Against Cadiz Inc.
Friday, 5 Oct 2012 11:30am EDT 

Cadiz Inc announced that a lawsuit filed in U.S. Federal Court jointly against the Company, the Santa Margarita Water District (SMWD), the County of San Bernardino (County), the U.S. Department of the Interior (DOI) and the U.S. Bureau of Land Management (BLM) has been dismissed. The Court determined that Petitioner RiverAHA was unlikely to succeed on the merits. The dismissal ends the pending Federal Court litigation over the Cadiz Valley Water Conservation, Recovery and Storage Project (Project). Legal proceedings challenging the recent Project approvals continue in California State Court.  Full Article

Cadiz Inc. Announces Investment by Water Asset Management LLC
Thursday, 15 Dec 2011 12:30pm EST 

Cadiz Inc. announced that it sold 500,000 shares of the Company’s common stock to Water Asset Management, L.L.C (WAM), an existing shareholder, increasing the fund’s position in the Company to approximately 8%. The investment by WAM of $4.5 million, when combined with the proceeds of the direct private placement completed with affiliates of Altima Partners L.L.P. last week, results in an additional $11 million of working capital for the Company. As the Company has no payment obligation on its credit facility before 2013, the proceeds will be used to fund the Company’s development activities at optimal levels.  Full Article

Robbins Umeda LLP Announces Investigation of Cadiz Inc.
Tuesday, 19 Jul 2011 05:50pm EDT 

Robbins Umeda LLP announced that it has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at Cadiz, Inc. Cadiz develops and manages water and agricultural resources in California. The company retains large landholdings in the state that provide ground water resources, storage availability, agricultural fields, and contractual water rights. Cadiz also holds technologies for water conservation, reclamation, production, and conveyance. The company was founded in 1983 and is headquartered in Los Angeles, California.  Full Article

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