Wasatch Advisors (NASDAQ: CDNL) holds 5.2% of Cardinal Infrastructure

Rhea-AI Filing Summary

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.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Cardinal Infrastructure Group

(Name of Issuer)

CL A

(Title of Class of Securities)

14154A102

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 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 645,318.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 683,986.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

683,986.00

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)

5.2 %

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: 683,986
(b)	Percent of class: 5.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 645,318
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 683,986
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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:	02/11/2026

FAQ

What stake does Wasatch Advisors report in Cardinal Infrastructure Group (CDNL)?

Wasatch Advisors reports beneficial ownership of 683,986 Class A shares of Cardinal Infrastructure Group, representing 5.2% of the outstanding class. This level of ownership makes Wasatch a significant institutional holder under beneficial ownership reporting rules.

What type of securities does Wasatch hold in Cardinal Infrastructure Group (CDNL)?

Wasatch Advisors holds Class A common stock of Cardinal Infrastructure Group. The Schedule 13G filing specifies the security as “CL A” with CUSIP 14154A102, identifying the exact class of shares covered by the reported 5.2% beneficial ownership.

How much voting power does Wasatch Advisors have over CDNL shares?

Wasatch Advisors reports sole voting power over 645,318 shares of Cardinal Infrastructure Group Class A stock and no shared voting power. This means Wasatch alone can vote those shares, with no disclosed shared voting arrangements.

Does Wasatch Advisors intend to influence control of Cardinal Infrastructure Group (CDNL)?

Wasatch Advisors certifies the securities 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, nor in connection with any transaction having that control-related purpose or effect.

What dispositive power does Wasatch Advisors report over CDNL shares?

Wasatch Advisors reports sole dispositive power over 683,986 shares of Cardinal Infrastructure Group Class A stock and no shared dispositive power. Sole dispositive power means it alone can decide if and when to sell or otherwise dispose of those shares.

Who signed the Schedule 13G for Wasatch Advisors regarding Cardinal Infrastructure Group (CDNL)?

The Schedule 13G was signed by Mike Yeates, identified as CEO of Wasatch Advisors, on 02/11/2026. The signature certifies that, to the best of his knowledge and belief, the information in the statement is true, complete, and correct.