Cadiz's financial position is significantly strengthened, pr...

Moomoo AI Mar 7, 2024 14:10

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. Read more

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