CDNL Stock Drop Alert: Cardinal Infrastructure Stock Plummets 36% after Acquisition Issues Revealed – BFA Law Notifies Investors of its Ongoing Securities Fraud Investigation
Bleichmar Fonti & Auld LLP announced an investigation into Cardinal Infrastructure Group (CDNL) for potential securities fraud tied to statements about the A.L. Grading Contractors acquisition. The trigger was CDNL's Aug 11 Q2 report: adjusted EBITDA margin of 12.4% versus the 20%+ previously guided, driving a 36% one-day drop from $60.00 to $38.27.
Key figures
- Pre drop close
- $60.00 per share (Aug 10, 2026)
- Stock drop pct
- 36%
- Post drop price
- $38.27 per share (Aug 11, 2026)
- Stock drop price change
- $21.73 per share
- Adjusted ebitda margin q2 2026
- 12.4%
AI analysis
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