Bank of America Corp /DE/ filed a Schedule 13G with the SEC on October 28, 2026, disclosing beneficial ownership of 4,960,002 shares of Cadiz Inc common stock, representing 5.9% of the class as of September 30, 2026.

Key Highlights

  • Beneficial ownership: Bank of America Corp /DE/ reported aggregate beneficial ownership of 4,960,002 shares of Cadiz Inc common stock.
  • Percent of class: The 4,960,002 shares represent 5.9% of Cadiz Inc's outstanding common stock.
  • Voting power: Bank of America reported 0 shares with sole voting power and 4,960,002 shares with shared voting power.
  • Dispositive power: Sole dispositive power is reported as 0; shared dispositive power covers all 4,960,002 shares.
  • Share count basis: The percent-of-class figure relies on 84,677,075 outstanding shares disclosed by Cadiz Inc in its quarterly report filed August 13, 2026, reflecting shares outstanding as of August 12, 2026.
  • Subsidiaries included: The filing covers Bank of America Corporation, BofA Securities, Inc., Bank of America N.A., and Merrill Lynch International.

Bank of America Discloses Passive Stake in Cadiz Inc Water Infrastructure Company

According to the Schedule 13G filing submitted October 28, 2026, Bank of America Corp /DE/, a Delaware-incorporated holding company headquartered at 100 N Tryon St, Charlotte, NC 28255, disclosed that it and certain wholly owned subsidiaries beneficially own 4,960,002 shares of Cadiz Inc common stock (CUSIP 127537207). Cadiz Inc, the issuer, is a water resources and infrastructure company with principal executive offices at 550 South Hope Street, Suite 2850, Los Angeles, California 90071. The triggering event for the filing was September 30, 2026.

The filing identifies Bank of America Corporation as a parent holding company (type "HC") filing on behalf of itself and three subsidiaries: BofA Securities, Inc., described as a broker-dealer registered under section 15 of the Act; Bank of America N.A., described as a bank under section 3(a)(6) of the Act; and Merrill Lynch International, described as a non-U.S. institution. All 4,960,002 shares carry shared, rather than sole, voting and dispositive power, with no shares attributed to sole authority in either category.

The filing includes a certification, signed by Monica Yako as Authorized Signatory on October 28, 2026, stating that "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."

What Was Disclosed

Bank of America Corp /DE/ filed a Schedule 13G reporting 4,960,002 shares of Cadiz Inc common stock beneficially owned as of September 30, 2026, equal to 5.9% of the class, with all voting and dispositive power held on a shared basis across the corporation and three named subsidiaries.