Recent 8-K filings for CDNL

• October 19, 2026, 8:59 AM ET M&A materiality 0.75 positive item 1.01item 3.02item 7.01item 9.01

  Cardinal Infrastructure to buy Hughes Brothers Construction for $357.5M in 60% cash, 40% stock

  Purchase price $357.5M: $214.5M cash plus 5,255,420 CDNL Class A shares at a $27.21 issue price (based on 33-day VWAP through Oct 14, 2026).

• October 1, 2026, 4:30 PM ET M&A materiality 0.65 positive item 3.02item 7.01item 9.01

  Cardinal Infrastructure closes $115M Allied Paving acquisition, adds Atlanta self-perform paving

  Consideration of approximately $115.0M: $88.9M in cash plus 1,006,796 Class A shares (CDNL), subject to customary post-closing adjustments.

• September 11, 2026, 4:45 PM ET debt materiality 0.55 neutral item 1.01item 9.01

  Cardinal Infrastructure subsidiary amends credit agreement: $250M term loan, revolver to $100M

  Second Amendment dated Sept 10, 2026 adds delayed draw term loan facility up to $250M.

• August 11, 2026, 7:00 AM ET earnings materiality 0.90 positive item 2.02item 7.01item 9.01

  Cardinal Infrastructure Q2 revenue up 114%, raises FY26 guidance, acquires Allied Paving

  Record Q2 revenue of $226.9M, up 114% YoY; organic growth 64%.

• June 5, 2026, 4:02 PM ET other materiality 0.15 neutral item 5.07 ◈ Shareholder Votes ×2

  Cardinal Infrastructure Group stockholders elect all six director nominees and ratify Grant Thornton LLP as auditor

  All six nominees elected: Jeremy Spivey (40,337,736 for), Richard M. Lee, Austin J. Shanfelter, Richard B. Wimmer, Anthony L. Wood Jr., Ivy Zelman.

• May 12, 2026, 6:30 AM ET earnings materiality 0.95 positive item 2.02item 7.01item 9.01 ◈ Earnings Releases

  Cardinal Q1 rev $167.5M (+105% YoY), net inc $11.5M (+73%), backlog $854M, raises FY guide

  Revenue $167.5M, up 105% total or 64% organically year-over-year.

• May 6, 2026, 7:59 PM ET M&A materiality 0.75 positive item 9.01

  Cardinal Infrastructure acquires A.L. Grading: acquired entity revenue $164.5M, net income $33.5M in 2025

  A.L. Grading Contractors revenue $164.5M in 2025, up 8% from $152.1M in 2024.

• March 19, 2026, 7:59 PM ET earnings materiality 0.70 positive item 2.02item 7.01item 9.01 ◈ Earnings Releases

  Cardinal Infrastructure FY2025 rev $456M (+45%), net income $31.1M (+10%), Adj. EBITDA $81.5M (+44%)

  Revenue of $456.0M, up 45% total (33% organic) YoY.

• March 18, 2026, 7:59 PM ET leadership materiality 0.50 neutral item 5.02

  Cardinal Infrastructure appoints Anthony Wood to board, Benjamin Wood as COO

  Anthony L. Wood, president of recently acquired A.L. Grading Contractors, appointed to board until 2026 annual meeting.

• February 19, 2026, 6:59 PM ET M&A materiality 0.85 positive item 1.01item 5.02item 2.01item 2.02item 2.03item 3.02item 7.01item 9.01 ◈ M&A Transactions◈ Material Agreements

  Cardinal acquires A.L. Grading for $245.5M; prelim FY2025 rev $1.27B, adj. EBITDA $210M

  Acquired A.L. Grading Contractors for $128.6M cash, $108.0M in equity units, and shares; expands into Georgia.

• December 15, 2025, 6:59 PM ET M&A materiality 0.75 neutral item 2.01item 8.01item 9.01

  Cardinal completes $40M acquisition of Red Clay Industries; pro forma results disclosed

  Acquired Red Clay for ~$40M ($39M cash + $1M assumed liabilities).

• December 12, 2025, 6:59 PM ET other material materiality 0.70 positive item 1.01item 3.02item 3.03item 5.03item 8.01item 9.01

  Cardinal Infrastructure Group completes IPO of 13.2M shares at $21, gross proceeds $277.7M

  Completed IPO of 11,500,000 shares at $21.00 per share on Dec 11, 2025; over-allotment of 1,725,000 shares on Dec 12.

Materiality & sentiment trend

Max materiality 0.95 · Median 0.72 · Most common event m_and_a

8 positive 0 negative 4 neutral

source · CDNL on sec.gov