Insider Trading Arrangements |
6 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 | ||||||||||
| Trading Arrangements, by Individual [Table] | ||||||||||
| Material Terms of Trading Arrangement [Text Block] |
The information set forth below is included herein for the purpose of providing the disclosure required under “Item 1.01. Entry into a Material Definitive Agreement” and “Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant” of Form 8-K.
Fifth Amendment to Credit Agreement – Maturity Date Extension
On August 12, 2026, Cadiz Inc. (the “Company”) and its wholly-owned subsidiaries, Cadiz Real Estate LLC, ATEC Water Systems, LLC, and Octagon Partners LLC (collectively, the “Borrowers”), entered into a Fifth Amendment to Credit Agreement (the “Fifth Amendment”) with Alter Domus (US) LLC as administrative agent, and the lenders party thereto including HHC $ Fund 2012 (the “Heerema Lender”), an affiliate of Heerema International Group Services S.A., which amends that certain Credit Agreement (the “Credit Agreement”), dated as of July 2, 2021 (as previously amended), by and among the Borrowers, the administrative agent, and the lenders party thereto from time to time.
The Fifth Amendment extends the maturity date of both the secured loans and the unsecured convertible loans under the Credit Agreement from June 30, 2027 to June 30, 2028.
The foregoing description of the Fifth Amendment does not purport to be complete and is qualified in its entirety by the full text of such document, which is filed as Exhibit 10.5 to this quarterly report and is incorporated by reference herein.
Amendment No. 1 to Common Stock Purchase Warrant
On August 12, 2026, the Company and the Heerema Lender, as holder of the Common Stock Purchase Warrant dated March 6, 2024 (the “Warrant”), entered into Amendment 1 to Common Stock Purchase Warrant (the “Warrant Amendment”), which amends the Warrant to extend its expiration date from June 30, 2027 to June 30, 2028.
The foregoing description of the Warrant Amendment does not purport to be complete and is qualified in its entirety by the full text of such document, which is filed as Exhibit 4.1 to this quarterly report and is incorporated by reference herein.
None.
During the six months ended June 30, 2026, director or officer of the Company adopted or terminated a “Rule 10b5- trading arrangement” or “non-Rule 10b5- trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
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| Rule 10b5-1 Arrangement Adopted [Flag] | false | |||||||||
| Non-Rule 10b5-1 Arrangement Adopted [Flag] | false | |||||||||
| Rule 10b5-1 Arrangement Terminated [Flag] | false | |||||||||
| Non-Rule 10b5-1 Arrangement Terminated [Flag] | false |