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50 /100
MEDIUM RISK
Score updated Oct 27, 2026

CDNL — Cardinal Infrastructure Group Inc. Dilution Risk Tracker

Track CDNL dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 27, 2026, Cardinal Infrastructure Group Inc. (CDNL) has a DilutionWatch DilutionScore of 50/100, rated MEDIUM dilution risk. Cardinal Infrastructure Group Inc. has a market capitalization of $716.84M, 47.47M shares outstanding, 93 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
30
💰 Cash Runway
40
📊 Float Risk
70
⚠️ Warrant Exposure
40
🔄 Convertible Debt
40

Dilution Forecast

☀️
Clear
No significant dilution signals
model est. 0%
No significant dilution signals detected for CDNL.
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Market Data

Market Cap$716.84M
Shares Outstanding47.47M
Float12.76M
Cash$43.98M
DebtN/A
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore50/100DilutionWatch score record
Shares Outstanding47.47MVerified float table or market cache
Public Float12.76MVerified float table or market cache
Market Cap$716.84MMarket data cache
Cash RunwayNot availableDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 4.

Recent SEC source mix: 3 2, 8-K 1, XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

CDNL SEC Filing Activity — Last 12 Months

Shares outstanding reported by CDNL on the cover page of its latest 10-K/10-Q: 47.47M as of August 11, 2026.

DilutionWatch recorded 4 registration or prospectus documents for CDNL (the filings through which shares are offered) in the last 12 months. Full filing list on SEC EDGAR →

FormWhat it isFilingsMost recent
S-1registration statement (IPO / follow-on)2Jun 24, 2026
424B4final prospectus (priced offering)2Jun 25, 2026
EFFECTSEC declared a registration effective2Jun 25, 2026
8-Kcurrent report (material event)12Oct 19, 2026
10-Kannual report1Mar 23, 2026
10-Qquarterly report1May 13, 2026
SC 13Gpassive >5% holder filing2Oct 19, 2026
SC 13G/Aamended passive >5% holder filing2Aug 14, 2026
4insider transaction17Aug 18, 2026
3initial insider ownership4May 18, 2026

Institutional Holdings

QoQ: ↑ 18.7% shares (2026Q1 vs prior)
93 institutional holders · 15.71M shares
#1 FMR LLC 1.99M shares
#2 VANGUARD CAPITAL MANAGEMENT LLC 1.03M shares
#3 ALLIANCEBERNSTEIN L.P. 932.3K shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest2.71M
Days to Cover2.2
% of Float21.2%
FINRA data as of Oct 15, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2026-03-23
3 FORM3 2026-04-15
3 FORM3 2026-04-15
8-K 8K EVENT 2026-02-19
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual CDNL Dilution Snapshot

Cardinal Infrastructure Group Inc. (CDNL) has a DilutionScore of 50/100, rated Medium dilution risk. Score date: October 27, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

CDNL's DilutionScore is currently 50/100 (Medium risk), with 3 score changes tracked over 89 days. The score improved from 42/100 (Medium risk).

Period Score Risk Level Duration
Oct 22 – Oct 27, 202650/100MEDIUM6 days
Oct 10 – Oct 21, 202642/100MEDIUM12 days
Sep 30 – Oct 09, 202655/100HIGH10 days
Jul 30 – Sep 29, 202654/100HIGH61 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

CDNL shares outstanding have increased 0.0% from 15.29M (Mar 2026) to 15.29M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 31, 202615.29M12.76M▼ 0.16%
May 30, 202615.29M12.78M▼ 0.21%
May 18, 202615.29M12.80M▲ 10.88%
May 03, 202615.29M11.55M▲ 0.09%
Apr 17, 202615.29M11.54M▼ 0.07%
Mar 27, 202615.29M11.54M▲ 5.37%
Mar 26, 202615.29M10.96M▲ 121278.11%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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