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Cardinal Infrastructure Group Announces Closing of Upsized Public Offering of Class A Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares
Cardinal Infrastructure Group, Inc. (the "Company" or "Cardinal") (Nasdaq: CDNL) today announced that it has closed its upsized underwritten public offering of 4,000,000 shares of its Class A common stock at a price to the public of $73.00 per share. In addition, the underwriters have exercised in full their option to purchase 600,000 additional shares of Class A common stock on the same terms and conditions. All shares were offered by the Company. Total gross proceeds of the offering were appro
About this update from Cardinal Infrastructure Group Inc.
RALEIGH, N.C., June 26, 2026 /PRNewswire/ -- Cardinal Infrastructure Group, Inc. (the "Company" or "Cardinal") (Nasdaq: CDNL) today announced that it has closed its upsized underwritten public offering of 4,000,000 shares of its Class A common stock at a price to the public of $73.00 per share. In addition, the underwriters have exercised in full their option to purchase 600,000 additional shares of Class A common stock on the same terms and conditions. All shares were offered by the Company. Total gross proceeds of the offering were approximately $336 million, before underwriting discounts, commissions and other offering expenses. Stifel, William Blair and Truist Securities acted as book-running managers for the offering. A registration statement on Form S-1 relating to this offering was declared effective by the Securities and Exchange Commission on June 24, 2026 and a registration statement on Form S-1 filed pursuant to Rule 462(b) of the Securities Act of 1933, as amended, was filed with the SEC and became effective on June 24, 2026. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to this offering may be obtained from: Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, 1201 Wills Street, Suite 600 Baltimore, MD 21231, by telephone at (855) 300-7136 or by email at [email protected], William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, by telephone at (800) 621-0687 or by email at [email protected] or Truist Securities, Inc., 740 Battery Ave. SE, 3rd Floor, Atlanta, GA 30339, Attention: Equity Capital Markets or by email at [email protected]. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. About CardinalCardinal Infrastructure Group (NASDAQ: CDNL) is one of the Southeast's fastest‑growing, fu...
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