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Cardinal Infrastructure Group Announces Pricing of Upsized Public Offering

CDNL
  • Cardinal Infrastructure Group, Inc. (Nasdaq: CDNL) priced an upsized public offering of 4,000,000 shares of Class A common stock at $73.00 per share.
  • The offering generates approximately $292 million in gross proceeds before underwriting discounts, commissions, \& other expenses.
  • Underwriters were granted a 30-day option to purchase an additional 600,000 shares of Class A common stock.
  • Stifel, William Blair, \& Truist Securities are acting as book-running managers for the transaction.
  • The offering is expected to close on June 26, 2026, subject to customary closing conditions.
  • The Securities and Exchange Commission declared the Form S-1 registration statement effective on June 24, 2026.
  • Cardinal Infrastructure Group is described as a full-service infrastructure provider operating across high-growth markets in the Southeast.