Cardinal Infrastructure Group Inc. filed a Form S-1 registration statement for an initial public offering on 2025-10-14. It has amended it 2 times. It filed its final prospectus on 2026-06-25. Each fact below is quoted from the filing named with it.
What the filings say
Listing
Our Class A Common Stock is listed on The Nasdaq Global Select Market (“Nasdaq”) under the symbol “CDNL.” On June 24 , 2026, the closing price of our common stock on Nasdaq was $ 81.94 per share.From the 424B4 filed 2026-06-25
Shares offered
We are offering 4,000 ,000 shares of our Class A Common Stock.From the 424B4 filed 2026-06-25
Price range
It is currently estimated that the initial public offering price will be between $20.00 and $22.00 per share of Class A Common Stock.From the S-1/A filed 2025-12-01
Use of proceeds
We intend to use the net proceeds from this offering to repay $33 million of borrowings outstanding under our October 2025 Credit Facility and for general corporate purposes, which may include funding for acquisitions, working capital requirements, capital expenditures and the repayment, refinancing, redemption or repurchase of indebtedness or other securities.From the 424B4 filed 2026-06-25
Revenue
Since consolidating that acquisition into our platform and combined with the revenue of another company acquired in early 2025, we have been able to increase revenue in our Charlotte operations to approximately $94 million for the twelve months ended December 31, 2025 on a combined basis.From the S-1 filed 2026-06-22
Net loss or income
For the three months ended March 31, 2026, net income was $11.5 million, Gross Profit was $24.9 million, Adjusted Gross Profit was $34.2 million, EBITDA was $24.0 million and Adjusted EBITDA was $26.8 million, compared to net income of $6.6 million, Gross Profit of $9.9 million, Adjusted Gross Profit of $16.5 million, EBITDA of $14.3 million and Adjusted EBITDA of $14.6 million for the three months ended March 31, 2025.From the S-1 filed 2026-06-22
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2025-10-14 | Registration statement filed | S-1 |
| 2025-11-20 | Registration statement amended | S-1/A |
| 2025-12-01 | Registration statement amended | S-1/A |
| 2025-12-10 | Final prospectus filed: the offering is priced | 424B4 |
| 2026-06-22 | Registration statement filed | S-1 |
| 2026-06-25 | Final prospectus filed: the offering is priced | 424B4 |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.