Unregistered Sales of Equity Securities · Regulation FD Disclosure
Item 3.02 Unregistered Sales of Equity Securities. On October 1, 2026 (the “Closing Date”), Cardinal Infrastructure Group Inc., a Delaware corporation (the “Company”), consummated its acquisition (the “Acquisition”) of Allied Paving Contractors, Inc. (“Allied Paving”).…
Filed Oct 1, 2026Accepted Oct 1, 2026, 4:30 PM EDTCIK 2079999Accession 0001193125-26-410735
Cardinal NC was founded in 2013 by Jeremy Spivey, our Chief Executive Officer, in Raleigh, North Carolina. We originated as a niche provider of wet utilities installation and have, over time, both organically and through acquisitions, added capabilities, including grading, site clearing, erosion control, drilling and blasting, paving, and related site services, to become a full-service, end-to-end provider of turnkey infrastructure services.
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Item 3.02Item 3.02 - Unregistered Sales of Equity
Item 3.02
Unregistered Sales of Equity Securities.
On October 1, 2026 (the “Closing Date”), Cardinal Infrastructure Group Inc., a Delaware corporation (the “Company”), consummated its acquisition (the “Acquisition”) of Allied Paving Contractors, Inc. (“Allied Paving”). The Company paid approximately $115.0 million as consideration for the Acquisition, which consisted of (i) an aggregate of approximately $88.9 of cash and (ii) 1,006,796 shares of the Company’s Class A Common Stock, par value $0.0001 per share (the “Shares”). The consideration is subject to customary post-closing adjustments.
The offer and sale of the Shares were made in reliance on the exemption afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) and corresponding provisions of state securities or “blue sky” laws. The Shares were not registered under the Securities Act or any state securities laws and may not be reoffered or resold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from the registration requirements. The issuance and sale of the Shares did not involve a public offering and were made without general solicitation or general advertising. In addition, each of the recipients of the Shares made representations and warranties to the Company regarding, among other things, as to their status as an accredited investor and investment intent.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01
Regulation FD Disclosure.
On October 1, 2026, the Company issued a press release announcing the completion of the acquisition of Allied Paving. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1 and incorporated by reference herein.
The information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Securities Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such a filing.
Filed exhibits (1)
EX-99.1 (by filename) cdnl-ex99_1.htm
Exhibit 99.1
Cardinal Infrastructure Group, Inc., Announces Closing of Allied Paving Contractors Acquisition
October 1, 2026
Raleigh, North Carolina - October 1, 2026 - Cardinal Infrastructure Group, Inc., (NASDAQ: CDNL) (“Cardinal” or “the Company”) announced today the closing of its acquisition of Allied Paving Contractors. The acquisition expands Cardinal's self-performing capabilities in the Atlanta market. Allied generated approximately $100 million in revenue on a standalone basis. A portion of that volume will be performed on Cardinal projects and therefore reflected in margin rather than consolidated revenue.
“We’re excited to add Allied’s experienced paving crews to our solutions in Northern Georgia,” said Benji Wood, Chief Operating Officer at Cardinal. “These enhanced capabilities allow us to sequence paving work directly behind our grading and site development teams, shorten project timelines and expand our existing self-perform capabilities to this market. Allied is one of the best in the business and we’re thrilled to bring their customer value proposition to our clients in the Atlanta market.”
John McLean, CEO of Allied, will join the Cardinal leadership team in…