X0202 SCHEDULE 13G 0001850901 XXXXXXXX LIVE Class A Common Stock, $0.0001 Par Value 10/09/2026 0002079999 Cardinal Infrastructure Group Inc. 14154A102 100 E. Six Forks Road, #300 Raleigh NC 27609 Rule 13d-1(c) Conversant Capital LLC DE 0 1179659.00 0 1179659.00 1179659.00 5.5 IA OO Conversant Opportunity Master Fund LP E9 0 1179659.00 0 1179659.00 1179659.00 5.5 PN Conversant GP Holdings LLC DE 0 1179659.00 0 1179659.00 1179659.00 5.5 OO Michael Simanovsky X1 0 1179659.00 0 1179659.00 1179659.00 5.5 IN Cardinal Infrastructure Group Inc. 100 E. Six Forks Road, #300, Raleigh, North Carolina, 27609 This statement is filed by: (i) Conversant Opportunity Master Fund LP, a Cayman Islands exempted limited partnership ("Opportunity Master"); (ii) Conversant GP Holdings LLC, a Delaware limited liability company ("Conversant GP"), which serves as the general partner of Opportunity Master; (iii) Conversant Capital LLC, a Delaware limited liability company ("Conversant Capital"), which serves as the investment manager to Opportunity Master; and (iv) Michael Simanovsky, an individual, who serves as sole managing member of Conversant GP and Conversant Capital. Opportunity Master, Conversant GP, Conversant Capital, and Mr. Simanovsky are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The Reporting Persons are filing this statement jointly with respect to the same securities as contemplated by Rule 13d-1(k)(1), not as members of a group. 25 Deforest Ave., Summit, NJ 07901 Opportunity Master is organized under the laws of the Cayman Islands. Conversant GP and Conversant Capital are organized under the laws of the State of Delaware. Mr. Simanovsky is a citizen of the United States of America. Y See Item 9 of the attached cover pages. See Item 11 of the attached cover pages. See Item 5 of the attached cover pages. See Item 6 of the attached cover pages. See Item 7 of the attached cover pages. See Item 8 of the attached cover pages. The percentages used herein are calculated based upon 21,435,406 shares of Common Stock outstanding, the sum of 20,428,610 shares of Common Stock outstanding as of August 3, 2026, as reported in the Form 10-Q filed by the Company on August 12, 2026, and 1,006,796 shares of Common Stock issued on October 1, 2026, as reported in the Form 8-K filed by the Company on the same date. Y Y N The information in Item 2 is hereby incorporated by reference. Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities 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 of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. Exhibit 99.1 Conversant Capital LLC /s/ Paul Dumaine 10/19/2026 Conversant Opportunity Master Fund LP /s/ Paul Dumaine 10/19/2026 Conversant GP Holdings LLC /s/ Paul Dumaine 10/19/2026 Michael Simanovsky /s/ Paul Dumaine 10/19/2026