CDNL Stock Notice: Cardinal Infrastructure Stock Plummeted 36% after Acquisition Issues Disclosed - Securities Fraud Investigation Underway

$CDNLPress releaseOct 6, 2026, 5:36 AM ETRead the release

Plaintiff law firm Bleichmar Fonti & Auld LLP announced an investigation into Cardinal Infrastructure Group (NASDAQ: CDNL) for potential securities fraud related to statements about the A.L. Grading Contractors acquisition. The probe follows an August 11, 2026 stock drop of over 36% -- from $60.00 to $38.27 -- after Q2 results showed adjusted EBITDA margin of just 12.4%, far below the 20%+ management had guided.

Key figures

Drop date: August 11, 2026
Prior close: $60.00 per share
Post drop price: $38.27 per share
Stock drop percent: 36%
Adjusted ebitda margin: 12.4%

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