UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934

CADIZ, INC.

 

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

127537207

(CUSIP Number)

April 16, 2008

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o     Rule 13d-1 (b
þ     Rule 13d-1 (c)
o     Rule 13d-1 (d)

 

 

CUSIP No.		127537207

CUSIP No.		127537207

CUSIP No.		127537207

CUSIP No.		127537207

CUSIP No.		127537207

CUSIP No.		127537207

CUSIP No.		127537207

Item 1(a).		Name of Issuer:
		Cadiz Inc. (the “Issuer”)

Item 1(b).		Address of Issuer’s Principal Executive Offices:
		550 S. Hope Street Suite 2850 Los Angeles, California 90071

Item 2(a).		Name(s) of Person(s) Filing:
		LC Capital Master Fund, Ltd. LC Capital Partners, LP LC Capital Advisors LLC Lampe, Conway & Co. LLC LC Capital International LLC Steven G. Lampe Richard F. Conway (the “Reporting Person(s)”)

Item 2(b).		Address of Principal Business Office or, if None, Residence:
		c/o Lampe, Conway & Co. LLC 680 Fifth Avenue 12th Floor New York, New York 10019

Item 2(c).		Citizenship:
		LC Capital Master Fund, Ltd.—Cayman Islands company LC Capital Partners, LP—Delaware limited partnership LC Capital Advisors LLC—Delaware limited liability company Lampe, Conway & Co. LLC—Delaware limited liability company LC Capital International LLC—Delaware limited liability company Steven G. Lampe—United States citizen Richard F. Conway—United States citizen

Item 2(d).		Title of Class of Securities:
		Common stock, par value $0.01 per share (the “Common Stock")

Item 2(e).		CUSIP Number:
		127537207

Item 3.		If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is:

		(a)		o		A broker or dealer registered under Section 15 of the Exchange Act.
		(b)		o		A bank as defined in Section 3(a)(6) of the Exchange Act.
		(c)		o		An insurance company as defined in Section 3(a)(19) of the Exchange Act.
		(d)		o		An investment company registered under Section 8 of the Investment Company Act.
		(e)		o		An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
		(f)		o		An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
		(g)		o		A parent holding company or control person, in accordance with Rule 13d-1(b)(1)(ii)(G).
		(h)		o		A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
		(i)		o		A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act.
		(j)		o		A group, in accordance with Rule 13d-1(b)(ii)(J).

Item 4.		Ownership.

                         Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)		Amount beneficially owned:
		LC Capital Master Fund, Ltd.—1,980,937 LC Capital Partners, LP—1,980,937 LC Capital Advisors LLC—1,980,937 Lampe, Conway & Co. LLC—1,980,937 LC Capital International LLC—1,980,937 Steven G. Lampe—2,125,445 Richard F. Conway—1,980,937
(b)		Percent of class:
		LC Capital Master Fund, Ltd.—16.57% LC Capital Partners, LP—16.57% LC Capital Advisors LLC—16.57% Lampe, Conway & Co. LLC—16.57% LC Capital International LLC—16.57% Steven G. Lampe—17.78% Richard F. Conway—16.57%

(c)		Number of shares as to which such person has:
		(i) Sole power to vote or to direct the vote:
		LC Capital Master Fund, Ltd.—0 LC Capital Partners, LP—0 LC Capital Advisors LLC—0 Lampe, Conway & Co. LLC—0 LC Capital International LLC—0 Steven G. Lampe—144,300 Richard F. Conway—0
		(ii) Shared power to vote or to direct the vote:
		LC Capital Master Fund, Ltd.—1,980,937 LC Capital Partners, LP—1,980,937 LC Capital Advisors LLC—1,980,937 Lampe, Conway & Co. LLC—1,980,937 LC Capital International LLC—1,980,937 Steven G. Lampe—2,126,445 Richard F. Conway—1,980,937
		(iii) Sole power to dispose or to direct the disposition of:
		LC Capital Master Fund, Ltd.—0 LC Capital Partners, LP—0 LC Capital Advisors LLC—0 Lampe, Conway & Co. LLC—0 LC Capital International LLC—0 Steven G. Lampe—144,300 Richard F. Conway—0
		(iv) Shared power to dispose or to direct the disposition of:
		LC Capital Master Fund, Ltd.—1,980,937 LC Capital Partners, LP—1,980,937 LC Capital Advisors LLC—1,980,937 Lampe, Conway & Co. LLC—1,980,937 LC Capital International LLC—1,980,937 Steven G. Lampe—2,126,445 Richard F. Conway—1,980,937

Item 5.		Ownership of Five Percent or Less of a Class.

                         If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the Common Stock, check the following o.

Item 6.		Ownership of More Than Five Percent on Behalf of Another Person.
		N/A

Item 7.		Identification and Classification of The Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
		LC Capital Master Fund, Ltd.

Item 8.		Identification and Classification of Members of the Group.
		N/A

Item 9.		Notice of Dissolution of Group.
		N/A

Item 10.		Certification.

                         By signing below I certify that, to the best of my knowledge and belief, the shares of Common Stock referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.

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.

Dated: April 25, 2008

		LC CAPITAL MASTER FUND, LTD.
		By:		/s/ Richard F. Conway
		Name:		Richard F. Conway
		Title:		Director
		LC CAPITAL PARTNERS
		By:		LC Capital Advisors LLC, its General Partner
		By:		/s/ Richard F. Conway
		Name:		Richard F. Conway
		Title:		Managing Member
		LC CAPITAL ADVISORS LLC
		By:		/s/ Richard F. Conway
		Name:		Richard F. Conway
		Title:		Managing Member
		LAMPE, CONWAY & CO., LLC
		By:		/s/ Richard F. Conway
		Name:		Richard F. Conway
		Title:		Managing Member
		LC CAPITAL INTERNATIONAL LLC
		By:		/s/ Richard F. Conway
		Name:		Richard F. Conway
		Title:		Managing Member

		By:		/s/ Richard F. Conway
		Name:		Richard F. Conway
		By:		/s/ Steven G. Lampe
		Name:		Steven G. Lampe