Cadiz Commences ~$21M Offering Of 5M Common Shares At $4.20 Per Share
Cadiz Inc. (NASDAQ: CDZI, CDZIP) ("Cadiz" or the "Company") today announced that it has entered into a placement agent agreement for the purchase and sale of 5 million shares of the Company's common
Cadiz is selling 5 million new shares to raise about 21 million dollars. When a company sells new shares, it can help pay for plans but also spreads ownership thinner among all shareholders.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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