Possible new Cadiz shares

CDZIDilution

Last raise Oct 29, 2026, 424B5: 5.0M shares (5.9% of the 84.7M then) at $4.20, $21.0M gross

Known so far: no new shares from the prospectus covers read · shelf not limited by the baby-shelf rule · not yet read: warrants, converts, options, ATM.

Shelf room

  • Room today not capped by the baby-shelf rule ($165M float, Jun 30, 2025)
How this is worked out

Shelf room on the S-3 of Aug 13, 2024: not limited by the baby-shelf rule, because the $165M public float stated as of Jun 30, 2025 is $75M or more. Sources: S-3 Aug 13, 2024, effective Aug 22, 2024 · public float, as of Jun 30, 2025.

What could become new Cadiz (CDZI) shares, from its 10-Q, 10-K, S-3 or 424B filings.

Read so far: the cover share count (84.7M shares, +3% from 82.0M on Aug 12, 2025). Not read yet: warrants, convertible notes, options and RSUs and an ATM program. Read them on EDGAR: the latest 10-Q · S-3 shelf filings.

Shares outstanding

84.7M

Nov 2024 to Aug 2026: from 75.2M to 84.7M.

From the share count on the cover of each 10-Q and 10-K, dated as each cover states.