CDZIP — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-13

• We expect the remaining water supply available under our current permit to be contracted for delivery via the Southern Pipeline. In July 2026, we executed a Memorandum of Understanding (“MOU”) with Central Arizona Irrigation and Drainage District (“CAIDD”) for the purchase and sale of up to 10,000 a…

• We are in discussion with several additional parties interested in contracting for the supply from the Southern Pipeline, including multiple water providers, municipalities and tribes in Arizona that could take delivery from the Colorado River’s Central Arizona Project under exchange agreements as w…

• In addition to available water supply, the Mojave Groundwater Bank offers one million acre-feet of imported storage capacity and an additional 150,000 acre-feet for carryover storage of existing contracted supplies. We are in discussions with multiple parties with interest in contracting for storage…

• In September 2025, we executed an MOU with the U.S. Bureau of Reclamation (“Reclamation”) to explore incorporating the Mojave Groundwater Bank, including supply and storage capacity, into long-term Colorado River system planning, as federal authorities contemplate solutions to the ongoing drought an…

• To finance construction of all improvements and required facilities to operate the Mojave Groundwater Bank project including the Northern Pipeline, Southern Pipeline and related facilities, we established a new special purpose business entity Mojave Water Infrastructure Company LLC (“MWI”) that we e…

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• We expect the remaining water supply available under our current permit to be contracted for delivery via the Southern Pipeline. We are in discussion with several parties interested in contracting for the supply from the Southern Pipeline, including multiple water providers, municipalities and tribe…

• In addition to available water supply, the Mojave Groundwater Bank offers one million acre-feet of imported storage capacity and an additional 150,000 acre-feet for carryover storage of existing contracted supplies. We are in discussions with multiple parties with interest in contracting for storage…

• To finance construction of all improvements and required facilities to operate the Mojave Groundwater Bank project including the Northern Pipeline, Southern Pipeline and related facilities currently estimated at $1.25 - $1.5 billion, we established a new special purpose business entity Mojave Water …

• In October 2025, we entered into the Lytton Credit Agreement, pursuant to which we may require Lytton to provide up to $51 million in an unsecured loan facility, convertible into the Storage Cash Flows Right, which Lytton would then contribute to MWI, in exchange for equity interests in MWI on the s…

• In addition, we are currently engaged in the completion of due diligence with private equity investors for up to a targeted $400 million in equity commitment to MWI. Upon completion of definitive agreements for an estimated additional $400 million in equity capital investments in MWI, we expect to c…

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Text added vs the prior filing · source: 10-Q · 2026-08-13

• As noted under Item 1A, “Risk Factors,” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025,third parties may file litigation in state or federal court challenging the approval of an infrastructure project. On July 28, 2026, two lawsuits were filed in the U.S. District C…

• The lawsuits allege that the BLM violated various federal laws and regulations and seek to vacate the right-of-way grant and require additional federal review. Neither the Company nor Fenner Gap Mutual Water Company was named as a party in the lawsuits. The cases remain at the pleading stage, and we…

• There have been no other material changes to legal proceedings described in our Annual Report on Form 10-K for the year ended December 31, 2025.

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• There have been no material changes to legal proceedings described in our Annual Report on Form 10-K for the year ended December 31, 2025.

Text added vs the prior filing · source: 10-Q · 2026-08-13

• 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 …

• 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 administ…

• 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.

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• During the three months ended March 31, 2026, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.