NEW YORK, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Cardinal Infrastructure Group Inc. (“Cardinal” or the “Company”) (NASDAQ: CDNL). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Cardinal and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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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.
On this news, Cardinal’s stock price fell $21.73 per share, or 36.22%, to close at $38.27 per share on August 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
