Investors who lost money on Cardinal Infrastructure Group Inc. (“Cardinal Infrastructure” or the “Company”) stock may have claims to recover their losses. Glancy Prongay Wolke & Rotter LLP (“Glancy”) today announced a securities fraud investigation on behalf of Cardinal Infrastructure Group Inc. (NASDAQ: CDNL) investors into whether the Company may have violated the federal securities laws.
Investors who lost money on Cardinal Infrastructure Group Inc. securities can submit their Cardinal Infrastructure Group Inc. loss information to learn about potentially pursuing claims to recover their losses.
Key facts in the Cardinal Infrastructure Group Inc. investigation
- Disclosure date: November 12, 2026
- Stock price decline: $9.35 per share, or 62.37%
- Closing price after the decline: $5.64 on November 12, 2026
What happened?
On November 12, 2026, Cardinal Infrastructure reported third quarter 2026 results, including a net loss of $11.0 million and adjusted EBITDA of $8.5 million, with adjusted EBITDA margin falling to 4.2% from 17.5% in the prior-year period. The Company also disclosed a $13.2 million hit to gross profit attributed to in project estimate revisions, withdrew its full-year 2026 revenue guidance, and postponed its planned acquisition of Hughes Brothers Construction.
On this news, Cardinal’s stock price fell $9.35 per share, or 62.37%, to close at $5.64 per share on November 12, 2026, thereby injuring investors.
“The price of Cardinal Infrastructure Group Inc. shares fell 62.37% following the November 12, 2026 disclosure that Cardinal Infrastructure had withdrawn its full-year 2026 revenue guidance. Investors who suffered losses deserve to know whether they were given complete and accurate information prior to the disclosure, and our investigation seeks to answer that question,” said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.
What’s the next step?
Glancy is investigating potential claims on behalf of Cardinal Infrastructure Group Inc. investors. Investors who lost money can contact Glancy about the Cardinal Infrastructure Group Inc. investigation, email shareholders@glancylaw.com, or call 310-201-9150 (toll-free: 888-773-9224).
Frequently Asked Questions
Who is eligible? Investors who bought Cardinal Infrastructure Group Inc. securities and lost money may have claims, and can contact Glancy to learn whether they are affected by the Cardinal Infrastructure Group Inc. investigation.
What is a securities fraud investigation? In the Cardinal Infrastructure Group Inc. investigation, Glancy is reviewing whether the Company or its executives may have made false or misleading statements to investors in violation of the federal securities laws.
Has a lawsuit been filed? This release announces Glancy’s investigation, not a lawsuit. If a securities class action is later filed against Cardinal Infrastructure Group Inc., investors may have the opportunity to seek appointment as lead plaintiff.
Does it cost anything to contact Glancy or participate in this investigation? Glancy represents Cardinal Infrastructure Group Inc. investors on a contingency fee basis, so investors pay no attorneys’ fees out of pocket. Any attorneys’ fees and litigation expenses are paid only from a recovery, if one is obtained, and are subject to court approval.
Why work with Glancy on the Cardinal Infrastructure Group Inc. investigation? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the Cardinal Infrastructure Group Inc. investigation. Prior results do not guarantee a similar outcome.
Whistleblower notice
Persons with non-public information about Cardinal Infrastructure Group Inc. should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information that leads to a successful SEC enforcement action may receive awards of 10 to 30 percent of the sanctions collected, when those sanctions exceed $1 million. For more information, contact Charles H. Linehan at 310-201-9150 or 888-773-9224, or email shareholders@glancylaw.com.
About Glancy Prongay Wolke & Rotter LLP
Glancy was named one of Law360’s Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.
Glancy’s successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.
Prior results do not guarantee a similar outcome.
Related links
- Cardinal Infrastructure Group Inc. investigation page, Glancy Prongay Wolke & Rotter LLP
- SEC Whistleblower Program
- Glancy Prongay Wolke & Rotter LLP
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261112302672/en/
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