Cardinal Infrastructure prices public offering at $73 per share

Cardinal Infrastructure Group, Inc. (Nasdaq: CDNL) announced the pricing of an underwritten public offering of 4,000,000 shares of its Class A common stock at $73.00 per share, according to a press release issued June 24, 2026.

The offering is expected to generate approximately $292 million in gross proceeds before underwriting discounts, commissions, and other expenses. Cardinal has also granted underwriters a 30-day option to purchase up to an additional 600,000 shares of Class A common stock.

The offering was expected to close on June 26, 2026, subject to customary closing conditions.

Stifel, William Blair, and Truist Securities are acting as book-running managers for the offering.

A registration statement on Form S-1 relating to the offering was declared effective by the Securities and Exchange Commission on June 24, 2026. A registration statement filed pursuant to Rule 462(b) of the Securities Act of 1933 also became effective the same day.

Cardinal Infrastructure Group describes itself as a full-service infrastructure services provider based in Raleigh, N.C., delivering civil and site-development solutions across markets in the Southeast.

You May Also Be Interested In

• Gores Holdings XI closes $358.8M IPO on Nasdaq
• Identiv to sell IoT assets to Trackonomy for $50M in preferred equity
• EShallGo prices $1.48M registered direct offering at $3.25 per share