CADIZ INC

As noted under Item 1A, “Risk Factors,” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025,third parties may file litigation in state or federal court challenging the approval of an infrastructure project. On July 28, 2026, two lawsuits were filed in the U.S. District Court for the Central District of California against the U.S. Department of the Interior and the Bureau of Land Management (“BLM”) by repeat litigants: the National Park Conservation Association, and others in the first case, and the Center for Biological Diversity, and others in the second case. Both lawsuits challenge the BLM’s July 2026 decision to issue a Federal Land Policy Management Act right-of-way grant to Fenner Gap Mutual Water Company, the entity formed by the Company that is responsible for carrying out the Project, authorizing the conversion and use of the Northern Pipeline to convey water across BLM-managed lands

The lawsuits allege that the BLM violated various federal laws and regulations and seek to vacate the right-of-way grant and require additional federal review. Neither the Company nor Fenner Gap Mutual Water Company was named as a party in the lawsuits. The cases remain at the pleading stage, and we expect the federal government to defend the BLM’s review and decision. We cannot predict the outcome of any such proceedings, however, at present we do not believe that the ultimate resolution of these proceedings will have a material adverse effect on our business.

There have been no other material changes to legal proceedings described in our Annual Report on Form 10-K for the year ended December 31, 2025.