Heerema International Group Services S.A. Amends Cadiz Inc. Filing
Ticker: CDZIP · Form: SC 13D/A · Filed: Nov 6, 2024 · CIK: 727273
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: CDZI
TL;DR
Heerema International Group Services S.A. updated its 13D filing for Cadiz Inc. on 11/6/24.
AI Summary
Heerema International Group Services S.A. filed an amendment (No. 6) to its Schedule 13D on November 6, 2024, regarding its holdings in Cadiz Inc. The filing indicates a change in the beneficial ownership of Cadiz Inc. common stock, though specific new ownership percentages or dollar amounts are not detailed in this excerpt.
Why It Matters
This amendment signals a potential shift in the major shareholder landscape of Cadiz Inc., which could influence the company's strategic direction or future corporate actions.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership by significant holders can indicate shifts in control or strategy, potentially impacting stock price and company direction.
Key Players & Entities
- Heerema International Group Services S.A. (company) — Filer of the Schedule 13D amendment
- Cadiz Inc. (company) — Subject company of the Schedule 13D filing
- 127537207 (other) — CUSIP Number for Cadiz Inc. Common Stock
FAQ
What specific changes in beneficial ownership are detailed in Amendment No. 6?
This excerpt does not specify the exact percentage or number of shares acquired or disposed of by Heerema International Group Services S.A. in this amendment.
When was Amendment No. 6 filed?
Amendment No. 6 was filed on November 6, 2024.
What is the CUSIP number for Cadiz Inc. common stock?
The CUSIP number for Cadiz Inc. common stock is 127537207.
What is the primary business of Cadiz Inc. according to the filing?
Cadiz Inc. is in the Water Supply industry, with Standard Industrial Classification code 4941.
Where is Heerema International Group Services S.A. located?
Heerema International Group Services S.A. is located in Geneve, Switzerland.
Filing Stats: 865 words · 3 min read · ~3 pages · Grade level 10.2 · Accepted 2024-11-06 14:45:15
Key Financial Figures
- $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class o
- $20 million — shares of the common stock underlying a $20 million convertible loan, which is convertible
- $5.30 — to common stock at a price per share of $5.30 and will bear PIK interest at a rate of
- $5.00 — f has not been exercised) at a price of $5.00 per share. (2) Based on 75,177,750 s
- $3.34 — chase of 2,070,000 shares at a price of $3.34 per share, in the issuer’s offer
Filing Documents
- ea0220249-13da6heerema_cadiz.htm (SC 13D/A) — 27KB
- 0001213900-24-094935.txt ( ) — 29KB
Interest in Securities of the Issuer
ITEM 5. Interest in Securities of the Issuer. (a), (b) The responses of the Reporting Person with respect to Rows 7 through 13 of the respective cover pages of the individual Reporting Person to this Schedule 13D are incorporated herein by reference. (c) On November 5, 2024, a fund represented by the Reporting Person closed on the purchase of 2,070,000 shares at a price of $3.34 per share, in the issuer’s offer and sale of 7,000,000 shares of its common stock, par value $0.01 per share in a registered direct offering. (d) Not applicable. (e) Not applicable. 3 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: November 6, 2024 HEEREMA INTERNATIONAL GROUP SERVICES S.A. By: /s/ Jacobus Muller Name: Jacobus Muller Title: Director 4