News & Events zu Cadiz Inc (CDZI)CDZICadiz Inc

Cadiz Issues 5M Shares at $4.20, Raising $21M

Cadiz announced that it has entered into a placement agent agreement for the purchase and sale of 5M shares of the company's common stock at a price of $4.20 per share in a registered direct offering, resulting in a gross proceeds of $21M. The Offering is expected to result in net proceeds to the company of approximately $20M, after deducting placement agent fees and other offering expenses payable by the company. The Offering is expected to close on or about October 30. Roth Capital Partners is acting as the exclusive placement agent in the Offering.

Cadiz Appoints Jacinto Hernandez as New CFO

Cadiz announced that Jacinto Hernandez has been named the company's next CFO, effective September 1. Hernandez succeeds Stanley Speer, who will retire after 17 years with the company and continue in an advisory role through December 31, 2026, to facilitate the transition. As part of the planned leadership transition, the company's Controller, Teffiny Bagnara, has been promoted to Vice President. Hernandez is the founder and principal of Cummings Consulting & Management, where he advises corporations and boards on capital allocation, mergers and acquisitions, and capital markets strategy. Previously, he spent 22 years with Capital Group and its subsidiary, Capital World Investors.

SK Hynix Raises $26.5B in U.S. IPO

The major averages finished Friday broadly higher as investors balance continued enthusiasm for artificial intelligence against renewed geopolitical uncertainty. Despite the up-and-down nature of the week, the S&P 500 and Nasdaq had weekly gains.A key news story was the debut of SK Hynix's U.S.-listed American depositary receipts. The South Korean memory-chip maker raised approximately $26.5B in one of the largest equity offerings ever, underscoring continued investor appetite for companies tied to AI infrastructure. The listing follows the blockbuster SpaceX IPO and reinforces the view that capital markets remain receptive to large-scale technology offerings despite recent volatility.Meanwhile, traders continue to keep an eye on tensions in the Middle East. Oil prices have retreated after a surge earlier in the week as President Donald Trump said that Iran called to make a deal, while Qatar and Pakistan are reportedly aiming to bring both sides back into peace talks.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SK Hynixin the U.S. at $170 per ADR after its U.S. IPO was priced at $149Deltareportedand reiterated its FY26 outlookCircle Internetreceivedto establish a national trust bankBaker Hugheshas received conditional EU antitrust approval for its $13.6B acquisition of Chart Industries,easyJet'sboard and Apollo Globalhave reached an agreement in principle on the2. WALL STREET CALLS:Twilioto Buy at StifelPepsiCoto Neutral at CitiFox Corp.to Buy from Neutral at Rothschild & Co RedburnSusquehannaIBMat Neutral despite "so many reasons to like"Toll Brothersto Buy at Citi3. AROUND THE WEB:As part of its recent job cuts, Sonoshas laid off some of its top design and product management executives, Bloomberg saysUBShelped trigger a wave of withdraws from a Blue Owl fund in the final quarter of 2025 after advising overexposed clients to diversify away from private credit, FT reportsSemiAnalysis posted a positive report on Meta'sAI computeDisneyis exploring making some Disney+ content available without a paywall, Business Insider saysCCC Intelligent Solutionsis weighing a sale of the company, Reuters says4. MOVERS:EquipmentSharewas higher after authorizing afor up to $50M and raising its guidance for FY26Cadizgained after announcing the U.S BLM approved theVodafoneincreased in New York after e& announced the termination of itsFermifell after pricing its $375MBrookdale Senior Livingwas lower after reporting5. EARNINGS/GUIDANCE:WD-40and raised its guidance for FY26Barnes & Noble Educationreported, with revenue in-line with consensusChipMOS, with revenue higher year-over-yearAtegrity SpecialtyprovidedNurix Therapeutics, with EPS and revenue missing consensusINDEXES:The Dow rose 149.60, or 0.29%, to 52,637.01, the Nasdaq gained 74.72, or 0.29%, to 26,281.61, and the S&P 500 advanced 31.75, or 0.42%, to 7,575.39.