Latham & Watkins Advises on Cardinal Infrastructure Group’s Upsized US$336 Million Public Offering of Common Stock

Cardinal Infrastructure Group, Inc. (the Company) (Nasdaq: CDNL) announced that it has closed its upsized underwritten public offering of 4,000,000 shares of its Class A common stock at a price to the public of US$73 per share. In addition, the underwriters have exercised in full their option to purchase 600,000 additional shares of Class A common stock on the same terms and conditions. All shares were offered by the Company. Total gross proceeds of the offering were approximately US$336 million, before underwriting discounts, commissions, and other offering expenses.

Latham & Watkins LLP represented the underwriters in the transaction with a Capital Markets team led by partners Christopher Lueking and Jonathan Sarna, with associates KC Sands, Caroline Hughes, and Maria Hatzisavas. Advice was also provided on tax matters by partner Andrea Ramezan‑Jackson, with associate Nolon Blaylock.