Cardinal Infrastructure Group Inc.’s Quiet Period Set To End on January 19th (NASDAQ:CDNL)

Cardinal Infrastructure Group’s (NASDAQ:CDNL) quiet period will end on Monday, January 19th. Cardinal Infrastructure Group had issued 11,500,000 shares in its IPO on December 10th. The total size of the offering was $241,500,000 based on an initial share price of $21.00. During Cardinal Infrastructure Group’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Cardinal Infrastructure Group Stock Performance

Shares of CDNL opened at $26.57 on Friday. Cardinal Infrastructure Group has a twelve month low of $21.98 and a twelve month high of $29.75.

About Cardinal Infrastructure Group

We provide a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Our operations leverage a large highly skilled workforce and a fleet of specialized equipment to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. We are becoming the platform of choice for a diverse array of infrastructure construction projects in our target geographies that require high-level technical expertise and sophistication.