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Cardinal Infrastructure Group, Inc. ( (CDNL) ) has shared an update.
On December 11, 2025, Cardinal Infrastructure Group, Inc. completed its initial public offering, issuing 11,500,000 shares of Class A Common Stock at $21.00 per share, with additional shares sold on December 12, 2025, raising approximately $277.7 million in gross proceeds. This strategic move is expected to bolster the company’s capital structure and enhance its market positioning within the infrastructure sector, potentially impacting stakeholders through increased financial flexibility and growth opportunities.
More about Cardinal Infrastructure Group, Inc.
Cardinal Infrastructure Group, Inc. operates in the infrastructure industry, focusing on civil contracting services. The company is involved in infrastructure development and management, primarily targeting large-scale construction projects.
Average Trading Volume: 2,374,699
For a thorough assessment of CDNL stock, go to TipRanks’ Stock Analysis page.