Former Microsoft CFO Joins Cadiz Board
- Executive Appointment: Cadiz, Inc. announced the addition of former Microsoft Commercial CFO Dave O'Hara to its Board, bringing extensive experience in corporate finance and commercial strategy that will guide the company towards strategic growth.
- Capital Investment Expertise: O'Hara's oversight of large-scale capital investments at Microsoft, including data centers and cloud infrastructure, will enhance Cadiz's management of capital-intensive projects in the water and energy sectors.
- Market Opportunity: O'Hara highlighted that Cadiz's asset portfolio in water and energy is positioned at a critical time of rapidly increasing demand, providing the company with unique market opportunities to support emerging high-growth industries.
- Strategic Impact: O'Hara's appointment is seen as a pivotal moment for Cadiz, expected to drive innovation and development in addressing climate change and providing clean water resources, thereby strengthening its competitive position in the industry.
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- Executive Appointment: Cadiz, Inc. announced the addition of former Microsoft CFO Dave O'Hara to its Board, leveraging his extensive experience in corporate finance and commercial strategy to enhance the company's strategic growth and financial discipline.
- Industry Background: With over 20 years at Microsoft, O'Hara oversaw investment strategies and financial analysis, particularly in managing capital-intensive projects like data centers and cloud infrastructure, which will provide crucial support for Cadiz's capital investments.
- Market Opportunity: O'Hara noted that Cadiz's asset portfolio in water and energy is positioned at a pivotal moment of rapidly increasing demand, which is expected to create new growth opportunities for the company while addressing challenges posed by climate change.
- Educational Background: O'Hara holds a Bachelor's degree in Economics and an MBA from the University of South Dakota, providing a solid academic foundation to offer strategic insights for the company's decision-making.
- Executive Appointment: Cadiz, Inc. announced the addition of former Microsoft Commercial CFO Dave O'Hara to its Board, bringing extensive experience in corporate finance and commercial strategy that will guide the company towards strategic growth.
- Capital Investment Expertise: O'Hara's oversight of large-scale capital investments at Microsoft, including data centers and cloud infrastructure, will enhance Cadiz's management of capital-intensive projects in the water and energy sectors.
- Market Opportunity: O'Hara highlighted that Cadiz's asset portfolio in water and energy is positioned at a critical time of rapidly increasing demand, providing the company with unique market opportunities to support emerging high-growth industries.
- Strategic Impact: O'Hara's appointment is seen as a pivotal moment for Cadiz, expected to drive innovation and development in addressing climate change and providing clean water resources, thereby strengthening its competitive position in the industry.
- Dividend Announcement: Cadiz, Inc. has declared a cash dividend of $550 per share on its 8.875% Series A Preferred Stock, demonstrating the company's commitment to shareholder returns, which is expected to enhance investor confidence.
- Payment Schedule: The dividend will be paid on January 15, 2026, to shareholders of record as of January 5, 2026, ensuring eligible shareholders receive their dividends promptly, thereby strengthening the company's relationship with investors.
- Company Background: Founded in 1983, Cadiz focuses on California water solutions, boasting 45,000 acres of land and a water supply of 2.5 million acre-feet, showcasing its capability in addressing climate change and providing access to clean water.
- Market Impact: This dividend payment not only reflects Cadiz's financial health but may also attract more investor interest in its long-term growth potential within the water resource management sector.
- Dividend Announcement: Cadiz, Inc. has declared a cash dividend of $550 per share on its 8.875% Series A Preferred Stock, which is set to be paid on January 15, 2026, enhancing the company's appeal to investors.
- Shareholder Return Plan: Holders of depositary shares, each representing a 1/1000 interest in a share of Series A Preferred Stock, will receive $0.55 per depositary share, reflecting the company's commitment to shareholder returns and potentially boosting market confidence.
- Dividend Payment Timing: The dividend will be paid on January 15, 2026, with a record date of January 5, 2026, ensuring eligible shareholders receive their earnings promptly, thereby strengthening shareholder relations.
- Company Background: Founded in 1983, Cadiz, Inc. focuses on providing clean water solutions, with 45,000 acres of land and a water supply of 2.5 million acre-feet, showcasing its strength and potential in water resource management.
Company Milestones: Cadiz Inc. has achieved significant milestones in Q3 2025, including securing $51 million in construction financing from the Lytton Rancheria for the Mojave Groundwater Bank and executing MOUs with EPCOR and the U.S. Bureau of Reclamation to enhance water supply and infrastructure.
ATEC Water Systems Growth: The ATEC Water Systems subsidiary has shown remarkable growth, with a 42% increase in revenue year-over-year, reaching $4 million in Q3 2025, and has shipped over 300 filtration systems, indicating strong market adoption.
Hydrogen Development Progress: Cadiz Ranch is advancing its hydrogen development project, supported by local leaders, with plans to develop solar energy for green hydrogen production and submit necessary environmental permits in early 2026.
Financial Overview and Outlook: The company reported a total revenue of $11.2 million for the first nine months of 2025, a 131% increase from the previous year, and is well-positioned to enter the construction phase of major projects, aiming to deliver sustainable shareholder value.

Investment Agreement: Cadiz Inc. has signed a definitive agreement with Lytton Rancheria, providing up to $51 million for the Mojave Groundwater Bank project, which aims to be the largest groundwater bank in the Southwest.
Tribal Partnership: This agreement marks the first tribal investment in the project, highlighting the importance of tribal leadership in water management and infrastructure development in California.
Funding Structure: The $51 million loan from Lytton is convertible into membership interests in the Mojave Water Infrastructure Company, which is responsible for the project's construction and operation.
Future Financing: Cadiz is seeking an additional $400 million in equity investment to fund the project, alongside municipal debt and government grants, with initial funds expected to cover development expenses and equipment deposits.







