SCHEDULE: Bank of America Discloses Stake in Cadiz Inc.

Bank of America Corp /DE/ has reported beneficial ownership of 5.9% of Cadiz Inc. common stock as of September 30, 2026.

Summary

• Bank of America Corp /DE/ has filed a Schedule 13G, indicating it beneficially owns 4,960,002 shares of Cadiz Inc. common stock.
• This ownership represents 5.9% of the class of securities.
• The filing is made on behalf of Bank of America Corp /DE/ and its subsidiaries, including BofA Securities, Inc., Bank of America N.A., and Merrill Lynch International.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a change in beneficial ownership without indicating a strategic shift or significant new information about the company's performance.

Positives

• Bank of America's investment indicates a level of confidence or market activity in Cadiz Inc.

Negatives

• The filing does not provide any new financial performance data or strategic updates for Cadiz Inc.

Risks

• The filing does not explicitly mention any new risks for Cadiz Inc.

Future Outlook

The filing does not contain forward-looking statements or guidance for Cadiz Inc.

Management Comments

• "The beneficial ownership calculation relies on the 84,677,075 outstanding shares disclosed in the Form 10-Q by the issuer on August 13, 2026, which reports share totals as of August 12, 2026."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that Schedule 13G filings typically report passive investments by institutional investors. This filing indicates Bank of America's significant but non-controlling stake in Cadiz Inc., a company involved in water infrastructure and environmental solutions.

Comparison to Industry Standards

• Not Applicable as this is a Schedule 13G filing reporting beneficial ownership, not financial results.

Stakeholder Impact

• Shareholders of Cadiz Inc. may view Bank of America's significant stake as a positive indicator of institutional interest, though the passive nature of the filing suggests no immediate change in corporate control or strategy.

Next Steps

• Bank of America will continue to hold its shares in Cadiz Inc. in the ordinary course of business.

Key Dates

Keywords

Cadiz Inc., Bank of America, Beneficial Ownership, Schedule 13G, Common Stock, Investment