Welcome to our dedicated page for Cardinal Infra SEC filings (Ticker: CDNL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Cardinal Infrastructure Group Inc. filings document a newly public civil infrastructure services company, its Nasdaq-listed Class A common stock and its acquisition-led operating structure. 8-K reports cover material agreements, completed asset and equity acquisitions, financial results, leadership and board appointments, and emerging-growth-company disclosures.
Registration and IPO-related filings describe the company's OpCo arrangements, Tax Receivable Agreement, registration rights, Class B common stock issuances and related capital-structure matters. Proxy materials cover annual meeting voting items, board governance and executive compensation, while acquisition amendments include acquired-business financial statements and unaudited pro forma financial information for completed transactions such as ALGC.
Cardinal Infrastructure Group Inc. received a Schedule 13G reporting a significant ownership position in its Class A common stock. Michael Bruce Rowe, Jr. and the Rowe Family 2024 Irrevocable Trust each report beneficial ownership of 2,038,003 shares, equal to 29.0% of the Class A shares.
The filing calculates this stake based on 14,947,318 Class A shares outstanding as of December 31, 2025 plus 2,038,003 shares that Mr. Rowe can acquire within 60 days. Mr. Rowe directly holds 1,834,084 shares underlying LLC Units exchangeable one-for-one into Class A shares and may be deemed to share beneficial ownership of 203,617 shares held by the family trust through his relationship to the trustee.
Mark McKinney reported a 5.1% beneficial ownership stake in Cardinal Infrastructure Group Inc. Class A common stock. As of December 31, 2025, he beneficially owned 760,438 shares with sole voting and dispositive power. The percentage is based on 14,947,318 shares outstanding as of the same date.
Cardinal Infrastructure Group Inc. reported a significant shareholder position held by Ross Berner. As of December 31, 2025, Berner beneficially owned 804,405 shares of the company’s Class A common stock, representing 5.4% of the 14,947,318 shares outstanding on that date.
Berner has sole voting and sole dispositive power over all 804,405 shares, with no shared voting or investment authority and no indication that the holdings are on behalf of other parties.
Schonfeld Strategic Advisors LLC, a Delaware investment adviser, disclosed a passive stake in Cardinal Infrastructure Group Inc. through a Schedule 13G filing. Schonfeld reports beneficial ownership of 1,285,430 shares of Class A common stock, representing 8.60% of the outstanding class as referenced in the issuer’s prospectus.
Schonfeld has sole voting and dispositive power over these shares, which are held in separately managed accounts for its private-fund clients. The firm states the holdings are in the ordinary course of business and not for the purpose of changing or influencing control of Cardinal Infrastructure Group.
AllianceBernstein L.P. filed a Schedule 13G reporting a passive ownership stake in Cardinal Infrastructure Group Inc.. It beneficially owns 942,064 shares of common stock, representing 7.1% of the class as of the event date.
AllianceBernstein reports sole voting power over 896,481 shares and sole dispositive power over 942,064 shares, with no shared voting or dispositive power. The shares were acquired solely for investment purposes in discretionary client accounts, and AllianceBernstein certifies they are not held to change or influence control of the company.
Wasatch Advisors reported beneficial ownership of 683,986 shares of Cardinal Infrastructure Group Class A stock, representing 5.2% of the class, as of 12/31/2025. Wasatch has sole voting power over 645,318 shares and sole dispositive power over all 683,986 shares.
The firm states the shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Cardinal Infrastructure Group.
FMR LLC has filed a Schedule 13G reporting beneficial ownership of 1,648,071 shares of Cardinal Infrastructure Group Inc Class A common stock, representing 12.5% of the class as of the reported date. FMR LLC has sole voting and dispositive power over these shares. Abigail P. Johnson is also listed as a reporting person with beneficial ownership of the same 1,648,071 shares, holding sole dispositive but no voting power. The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
Cardinal Infrastructure Group Inc. completed its acquisition of substantially all of the assets of Red Clay Industries, Inc. through its wholly owned subsidiary Aviator Paving Company Charlotte, LLC for approximately $40.0 million, including $39.0 million in cash and the assumption of about $1.0 million of liabilities.
Red Clay provides asphalt paving, concrete contracting, concrete reclamation and soil stabilization in North Carolina and generated revenue of $44.9 million and net income of $3.1 million for the year ended December 31, 2024, and revenue of $37.1 million and net income of $1.6 million for the nine months ended September 30, 2025.
On a pro forma basis, Cardinal reports Pro Forma Net Income of $17.8 million, Pro Forma EBITDA of $51.7 million and Adjusted Pro Forma EBITDA of $62.0 million for 2024, and Pro Forma Net Income of $24.3 million, Pro Forma EBITDA of $58.1 million and Adjusted Pro Forma EBITDA of $60.4 million for the nine months ended September 30, 2025.
Cardinal Infrastructure Group Inc. reports that it has completed its initial public offering of Class A Common Stock and related corporate restructuring steps. The company sold 11,500,000 Class A shares at $21.00 per share and, after underwriters fully exercised their option, sold another 1,725,000 shares at the same price, for aggregate gross proceeds of approximately $277.7 million before underwriting costs.
In connection with the IPO, the company’s amended and restated certificate of incorporation and bylaws became effective, authorizing 500,000,000 Class A shares, 500,000,000 Class B shares and 10,000,000 preferred shares. Cardinal Infrastructure also issued 30,887,813 shares of Class B Common Stock to Members, including certain managers and directors, in a private offering under Section 4(a)(2) of the Securities Act, and entered into a new limited liability company agreement, a tax receivable agreement and a registration rights agreement as described in its prospectus.
Cardinal Infrastructure Group Inc. disclosed that one of its directors bought additional shares of the company’s Class A common stock. On 12/11/2025, the director purchased 10,000 shares in an open-market transaction coded as a purchase at a price of $21 per share. Following this transaction, the director directly beneficially owns 16,725 Class A common shares.
The filing notes that the shares reported are subject to a lock-up agreement effective as of 12/9/2025 with Stifel, Nicolaus & Company, Incorporated and William Blair & Company, L.L.C, under which these shares cannot be sold for 180 days after the lock-up date.