CDNL: Cardinal Infrastructure Group Investors with Losses Should Contact Block & Leviton to Discuss Recovery Options
Key Highlights
- ➤Adjusted EBITDA margin fell to 12.4% from 18.6% year-over-year
- ➤Cardinal cut full-year adjusted EBITDA margin guidance to 16–18%
- ➤Previous full-year adjusted EBITDA margin expectation exceeded 20%
- ➤Cardinal shares fell roughly 34% after the August 11 disclosure
Boston, Massachusetts--(Newsfile Corp. - October 7, 2026) - Block & Leviton is investigating Cardinal Infrastructure Group (NASDAQ: CDNL) for potential securities law violations. Investors who have lost money in their Cardinal Infrastructure Group investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/cdnl.
Block & Leviton is investigating whether Cardinal Infrastructure Group and certain of its executives may have violated federal securities laws. On August 11, 2026, Cardinal disclosed that its adjusted EBITDA margin had collapsed to 12.4% from 18.6% a year earlier and cut its full-year adjusted EBITDA margin guidance to 16–18% from a prior expectation of "greater than 20%." The disclosure came shortly after Cardinal completed a follow-on equity offering in June 2026. Cardinal's stock fell roughly 34% on the news.
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