Key facts
- This page summarizes Heerema International Group Services SA's Form 4 filing for CADIZ INC (CDZI).
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 06 Mar 2024, 09:11.
Heerema International Group Services SA - 06 Mar 2024 Form 4 Insider Report for CADIZ INC (CDZI)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- CDZI
- Reported as of
- 06 Mar 2024
- Net transaction value
- +$20,000,000
- SEC form
- 4
- Accepted by SEC
- 06 Mar 2024, 09:11:11 UTC
- Prior SEC filing
- 06 Jul 2023
- Next SEC filing
- 06 Nov 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jacobus Muller, Director
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Heerema International Group Services SA filed Form 4 for CADIZ INC (CDZI) on 06 Mar 2024.
Change
- Previous filing in this sequence was filed on 06 Jul 2023.
- Current net transaction value: +$20,000,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CDZI
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 20,713,965
- Date
- 06 Mar 2024
- Ownership
- HHC $ Fund 2012
CDZI
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 2,911,335
- Date
- 06 Mar 2024
- Ownership
- HHC Fund 2012
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CDZI
transaction
Derivative
Convertible Loan
Purchase
- Transaction value
- $20,000,000
- Shares
- Change %
- Price
- Shares after
- $20,000,000
- Date
- 06 Mar 2024
- Ownership
- HHC $ Fund 2012
- Underlying class
- Common Stock
- Underlying amount
- 3,773,585
- Exercise price
- $5.30
- Footnotes
- F1
CDZI
transaction
Derivative
Warrants to Purchase Common Stock
Purchase
- Transaction value
- Shares
- +1,000,000
- Change %
- Price
- Shares after
- 1,000,000
- Date
- 06 Mar 2024
- Ownership
- HHC $ Fund 2012
- Underlying class
- Common Stock
- Underlying amount
- 1,000,000
- Exercise price
- $5.00
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
Pursuant to an amendment to Credit Agreement, dated as of March 6, 2024, HHC $ Fund 2012, an affiliate of the Reporting Person, invested a sum of $20 million in the form of a convertible loan, the terms of which are set forth in the Issuer's Form 8-K, filed with the SEC on March 6, 2024. If the convertible loan is held to maturity, an aggregate of 5,119,067 shares of common stock are issuable upon conversion, calculated based on 7% PIK interest through maturity, payable quarterly in arrears, and assuming no event of default.
Footnote F2
In connection with the convertible loan, Cadiz issued 1,000,000 warrants to purchase common stock to an affiliate of the Reporting Person.