$CDNL

Cardinal Infrastructure (CDNL) shares dropped 36% after the company disclosed acquisition issues and a securities fraud investigation. The company has not yet provided details on the financial impact or remedial actions.

Cardinal Infrastructure Group (CDNL) completed its acquisition of Allied Paving Contractors, expanding its capabilities in the Atlanta market. Allied generated $100M in revenue, with some work now contributing to Cardinal's margins. John McLean, Allied's CEO, will join Cardinal's leadership. The acquisition aligns with Cardinal's strategy of targeting founder-led companies.

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Cardinal Infrastructure Group (CDNL) expanded its credit facility, adding a $250M delayed draw term loan and increasing its revolver to $100M. Total commitments now $550M. Proceeds will finance acquisitions. Maturity for all facilities is September 10, 2031. The company aims to use the funds for strategic acquisitions and general corporate purposes, according to its CEO and CFO.

Osterweis Opportunity Fund's Q2 2026 update reported a 35.34% return, outperforming the Russell 2000 Growth Index. Cardinal Infrastructure Group (CDNL) was a key contributor, with strong Q1 results, a data center win, and a secondary offering. The fund sees long-term growth potential in CDNL's vertically integrated model. CDNL's stock price was $30.11, with a 24.52% YTD gain and $615.11M market cap.

Cardinal Infrastructure Group's construction subsidiary secured a $250M delayed draw term loan and increased its revolving credit line to $100M. The facility, arranged with Truist Bank and others, provides liquidity for acquisitions or investments, with a 1.60 net leverage ratio and $125M EBITDA required.

Cardinal Infrastructure Group (CDNL) announced that its subsidiary, Cardinal Civil Contracting, secured a $250M delayed draw term loan and increased its revolving credit line to $100M from Truist Bank on September 10, 2026. The amendment modifies certain provisions but does not involve CDNL directly.

Cardinal Infrastructure Group Inc. (CDNL) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 Entry into a Material Definitive Agreement. Amendment to Credit Agreement On September 10, 2026, Cardinal Civil Contracting, LLC (the “Borrower”), which is a subsidiary of Cardinal Infrastructure Group Inc. (the “Company”), the other guarantors party thereto, the lender

Boston Scientific (BSX) CEO Michael Mahoney bought 186,240 shares at $48.33 each, investing $9M. Shares fell 50% from $109.50 high, despite 7.5% sales growth. Cardinal Infrastructure Group (CDNL) execs bought shares totaling $4.5M after a 60% drop. GBank Financial Holdings (GBFH) CEO and others bought $1.74M in shares after a 50% decline. Amrize (AMRZ) CFO made purchases as shares fell 35% from highs.

Cardinal Infrastructure Group (CDNL) announced a $40M contract for ALGC to build a Walmart sorting facility in Georgia. The project includes grading, utility work, and paving, with Allied Paving Contractors, a pending acquisition, involved. The deal expands Cardinal's commercial and industrial projects. The facility is expected to create over 1,000 jobs.