CDNL: Cardinal Infrastructure Investors Should Contact Block & Leviton to Possibly Recover Losses
Key Highlights
- ➤Adjusted EBITDA margin collapsed to 12.4% from 18.6% year-over-year
- ➤Full-year adjusted EBITDA margin guidance cut to 16%-18% from above 20%
- ➤Cardinal Infrastructure (CDNL) shares fell roughly 34% after disclosure
- ➤Block & Leviton investigating potential federal securities law violations
Boston, Massachusetts--(Newsfile Corp. - November 12, 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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