Securities and Exchange Commission
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 29, 2000
Cadiz Inc.
(Exact name of issuer as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-12114 77-0313235
(Commission File Number) (IRS Employer Identification No.)
100 Wilshire Boulevard, Suite 1600, Santa Monica, CA 90401
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 899-4700
ITEM 5. OTHER EVENTS.
On December 29, 2000, Cadiz Inc. ("Cadiz") issued $5,000,000 in newly
authorized Series D Convertible Preferred Stock. Concurrently, Cadiz'
wholly owned subsidiary, Sun World International, Inc. ("Sun World"),
borrowed $5,000,000 pursuant to a two-year unsecured term loan. The
proceeds of these financing transactions will be used for general corporate
and working capital purposes.
The Preferred Stock was issued to two institutional investment funds.
The loan to Sun World was made by the same two funds. As additional
consideration in connection with these transactions, Cadiz issued 50,000
shares of common stock, 200,000 immediately vesting warrants and 125,000
conditional warrants.
ITEM 7. EXHIBITS.
4.1 Certificate of Designations of Series D Preferred Stock
of Cadiz Inc., dated December 28, 2000.
4.2 Certificate of Correction Filed to Correct a Certain
Error in the Certificate of Designations of Series D
Preferred Stock of Cadiz Inc. Filed in the
Office of the Secretary of State of Delaware
on December 28, 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Cadiz Inc.
By: /s/ Stanley E. Speer
Stanley E. Speer
Chief Financial Officer
Dated: January 2, 2001
