Cardinal Infrastructure Shares Rally to Fresh 52-Week Peak After Upsized Equity Sale
Cardinal Infrastructure Group Ltd. shares rebounded intraday to a new 52-week high after an initial premarket pullback tied to a large secondary stock offering. The company priced 4,000,000 Class A shares at $73.00 on June 24, with underwriters holding a 30-day option for up to 600,000 additional shares. Market participants cited the upsized deal, …