GlobeNewswire·Sep 17, 2026, 4:10 PM ET

Lowey Dannenberg, P.C. is Investigating Cardinal Infrastructure Group, Inc. (NASDAQ: CDNL) for Potential Violations of the Federal Securities Laws

Lowey Dannenberg P.C. is investigating Cardinal Infrastructure Group, Inc. (NASDAQ: CDNL) for potential federal securities law violations.
Cardinal completed a secondary offering on June 24, 2026, raising over $318 million while projecting adjusted EBITDA margins exceeding 20%.
On August 11, 2026, Cardinal reported Q2 2026 results missing consensus estimates, with adjusted EPS falling 51% to $0.26.
The company attributed margin declines to cost pressures, labor shortages, equipment dependency, & scalability issues at its A.L. Grading Contractors acquisition.
Cardinal reduced its full-year 2026 adjusted EBITDA margin guidance to 16%-18%, down from prior guidance of over 20%.
The investigation focuses on whether Cardinal & its officers failed to disclose these risks during the June 2026 offering & whether the margin guidance had a reasonable basis.
Cardinal stock fell 36% from $60.00 to $38.27 per share following the financial report.
Investors seeking to participate in the investigation can contact attorneys Andrea Farah or Vincent R. Cappucci Jr. at Lowey Dannenberg P.C.