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Cardinal Infrastructure Group opens asphalt plant near Raleigh

Tue, 30 Jun 2026 10:30:36 -0400

Cardinal Infrastructure Group, Inc. (Nasdaq: CDNL) announced the completion of its first asphalt processing plant near Raleigh, N.C., according to a press release dated June 30, 2026.

The plant has a production capacity of 400 tons of hot mix asphalt per hour. Cardinal said the facility gives the company direct control over mix design, production scheduling, and material quality, reducing its reliance on third-party suppliers.

"Owned asphalt production is a natural step in our vertical integration journey and marks a significant advantage for our customers as we fully control quality, delivery and schedules," said Jeremy Spivey, Chairman and Chief Executive Officer of

Cardinal Infrastructure Group Announces Completion of First Asphalt Plant

Tue, 30 Jun 2026 10:30:00 -0400

RALEIGH, N.C., June 30, 2026 /PRNewswire/ -- Cardinal Infrastructure Group, Inc. (Nasdaq: CDNL) ("Cardinal" or "the Company") today announced the completion of construction on its first asphalt processing plant near Raleigh, a milestone in the Company's strategy to own all aspects of civil infrastructure delivery across its growing footprint.

Cardinal Infrastructure Group Announces Completion of First Asphalt Plant

Tue, 30 Jun 2026 10:30:00 -0400

Cardinal Infrastructure raises $336M in stock offering

Fri, 26 Jun 2026 10:56:23 -0400

Cardinal Infrastructure Group (NASDAQ: CDNL) closed an underwritten public offering of 4,000,000 shares of Class A common stock at $73.00 per share, according to a company statement dated June 26, 2026.

The underwriters, Stifel, William Blair, and Truist Securities, exercised their option in full to purchase an additional 600,000 shares on the same terms. All shares were offered by the company.

Total gross proceeds from the offering were approximately $336 million, before underwriting discounts, commissions, and other offering expenses.

The registration statement on Form S-1 relating to the offering was declared effective by the Securities and Exchange Commission on June 24, 2026.

Cardinal Infrastructure

Cardinal Infrastructure raises $336M in stock offering

Fri, 26 Jun 2026 10:56:23 -0400

The underwriters, Stifel, William Blair, and Truist Securities, exercised their option in full to purchase an additional 600,000 shares on the same terms. All shares were offered by the company.

Total gross proceeds from the offering were approximately $336 million, before underwriting discounts, commissions, and other offering expenses.

The registration statement on Form S-1 relating to the offering was declared effective by the Securities and Exchange Commission on June 24, 2026.

Cardinal Infrastructure

Cardinal Infrastructure raises $336M in stock offering

Fri, 26 Jun 2026 10:56:23 -0400

The underwriters, Stifel, William Blair, and Truist Securities, exercised their option in full to purchase an additional 600,000 shares on the same terms. All shares were offered by the company.

Total gross proceeds from the offering were approximately $336 million, before underwriting discounts, commissions, and other offering expenses.

The registration statement on Form S-1 relating to the offering was declared effective by the Securities and Exchange Commission on June 24, 2026.

Cardinal Infrastructure

Cardinal Infrastructure Group Announces Closing of Upsized Public Offering of Class A Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares