Page 1

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , D. C. 20549 FORM 10 - Q ( Mark One ) Quarterly Report Pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 for the quarterly period ended June 30 , 2021 OR Transition Report Pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 for the transition period from to COMMISSION FILE NUMBER 0-12114 CADIZ INC . ( Exact name of registrant specified in its charter ) 77-0313235 ( I.R.S. Employer Identification No. ) Delaware ( State or other jurisdiction of incorporation or organization ) 550 South Hope Street , Suite 2850 Los Angeles , California ( Address of principal executive offices ) 90071 ( Zip Code ) Registrant's telephone number , including area code : ( 213 ) 271-1600 Securities Registered Pursuant to Section 12 ( b ) of the Act : Title of each class Trading Symbol ( s ) Common Stock , par value $ 0.01 per share CDZI Name of each exchange on which registered The NASDAQ Global Market Depositary Shares ( each representing a 1 / 1000th fractional interest in share of 8.875 % Series A Cumulative Perpetual Preferred Stock , par value $ 0.01 per share CDZIP The NASDAQ Global Market Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes ✓ No □ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No □ Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer " , " smaller reporting company , " and " emerging growth company " in Rule 12b - 2 of the Exchange Act : Large accelerated filer □ Accelerated filer ✓ Non - accelerated filer Smaller Reporting Company □ Emerging growth company If an emerging growth company , indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the Registrant is a shell company ( as defined in Exchange Act Rule 12b - 2 ) . Yes □ No As of August 10 , 2021 , the Registrant had 41,291,227 shares of common stock , par value $ 0.01 per share , outstanding .