 LOS ANGELES, June 28, 2021 PRNewswire -- Cadiz Inc. Cadiz, the Company or we NASDAQ: CDZI today announced it has commenced an underwritten registered public offering of 2,000,000 depositary shares, each representing a 11000th fractional interest in a share of the Companys Series A Cumulative Perpetual Preferred Stock, with a liquidation preference of 25.00 per depositary share, to raise anticipated gross proceeds of 50.0 million before deducting transaction expenses, subject to market and certain other conditions. The Company expects to grant the underwriters a 30-day option to purchase additional depositary shares in connection with the offering. 