Wasatch Advisors increases reported CDNL holding to 693,050 shares (CDNL)

Rhea-AI Filing Summary

Cardinal Infrastructure Group amendment reports that Wasatch Advisors beneficially owns 693,050 shares of Class A common stock, representing 4.5% of the class. The filing lists sole voting power for 648,613 shares and sole dispositive power for 693,050 shares. The amendment is signed by the reporting person on 04/23/2026.

Insights

Institutional Ownership Analyst

Wasatch Advisors reports a sub-5% passive stake in Cardinal Infrastructure Group.

The amendment shows a disclosed beneficial holding of 693,050 shares or 4.5% of Class A stock, with voting and dispositive powers concentrated at the reporting entity. The schedule indicates ownership consistent with a passive investor filing under applicable rules.

Because the stake is below 5%, this filing is routine; subsequent filings would be required only if holdings cross regulatory thresholds or change materially.

Key Figures

Beneficially owned: 693,050 shares Percent of class: 4.5% Sole voting power: 648,613 shares +2 more

5 metrics

Beneficially owned 693,050 shares Class A common stock

Percent of class 4.5% Class A common stock

Sole voting power 648,613 shares voting power reported by Wasatch Advisors

Sole dispositive power 693,050 shares dispositive power reported by Wasatch Advisors

Signature date 04/23/2026 date the amendment was signed

Key Terms

Schedule 13G/A, beneficially owned, sole dispositive power, sole voting power

4 terms

Schedule 13G/A regulatory

"Amendment No. 1; Item 1(a) Name of issuer: Cardinal Infrastructure Group"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Item 4. Ownership (a) Amount beneficially owned: 693,050"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Item 4. (iii) Sole power to dispose or to direct the disposition of: 693,050"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

sole voting power regulatory

"Item 4. (i) Sole power to vote or to direct the vote: 648,613"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Cardinal Infrastructure Group

(Name of Issuer)

CL A

(Title of Class of Securities)

14154A102

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 14154A102

1

Names of Reporting Persons

Wasatch Advisors LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 648,613.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 693,050.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

693,050.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Cardinal Infrastructure Group
(b)	Address of issuer's principal executive offices: 100 E. SIX FORKS ROAD, #300, RALEIGH, NC, 27609
Item 2.
(a)	Name of person filing: Wasatch Advisors LP
(b)	Address or principal business office or, if none, residence: 505 Wakara Way, 3rd Floor, Salt Lake City, 84108, United States
(c)	Citizenship: DELAWARE
(d)	Title of class of securities: CL A
(e)	CUSIP No.: 14154A102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 693,050
(b)	Percent of class: 4.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 648,613
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 693,050
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Wasatch Advisors LP

Signature:	Mike Yeates
Name/Title:	CEO
Date:	04/23/2026

FAQ

What does the Schedule 13G/A filed for CDNL state about Wasatch Advisors' stake?

It states Wasatch Advisors beneficially owns 693,050 Class A shares (4.5%). The amendment lists sole voting power of 648,613 shares and sole dispositive power of 693,050 shares, filed as an ownership disclosure under applicable rules.

Does Wasatch Advisors control Cardinal Infrastructure Group after this filing (CDNL)?

No, the filing shows a sub-5% ownership position (4.5%), which is not a controlling stake. Schedule 13G/A characterizes passive ownership; control would generally require a substantially larger ownership percentage and different disclosures.

When was the Schedule 13G/A for CDNL signed and who signed it?

The amendment is signed by Mike Yeates, CEO of the filing entity on 04/23/2026. That signature certifies the accuracy of the ownership figures reported in the amendment for Wasatch Advisors.

What voting and disposition powers does Wasatch Advisors report for CDNL Class A shares?

Wasatch reports sole voting power for 648,613 shares and sole dispositive power for 693,050 shares. The filing shows no shared voting or dispositive powers for the reported Class A position.