Cadiz's financial position is significantly strengthened, pr...
Cadiz's financial position is significantly strengthened, providing liquidity to accelerate water supply projects. CEO Susan Kennedy is optimistic about delivering water before California's next drought. The additional $20 million loan from Heerema carries a 7% PIK coupon and is convertible into Cadiz stock at $5.30/share.
Press Release: Cadiz Closes Financing, Secures Development Capital For Water Supply Projects
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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