Cardinal Infrastructure has priced an upsized underwritten public offering of its Class A common stock, raising approximately $292 million in total gross proceeds. The offering consists of 4 million shares priced to the public at $73.00 per share, an increase from the initially proposed 3.75 million shares. The underwriters have been granted a 30-day option to purchase up to an additional 600,000 shares at the public offering price, less underwriting discounts and commissions. The transaction is expected to close on June 26, 2026, subject to customary closing conditions.
Cardinal Infrastructure Group Inc. Class A Common StockCompany prices upsized public offering of 4M shares at $73, diluting existing shareholders.