Core Viewpoint - Cardinal Infrastructure Group announced its initial public offering (IPO) terms, aiming to raise $242 million by offering 11.5 million shares at a price range of $20-22 per share [1] Company Overview - Cardinal Infrastructure Group provides wet utility installation and other infrastructure services for large projects in North Carolina [1] - The company focuses on skilled labor and specialized equipment fleets to deliver services for residential, commercial, industrial, municipal, and state-level projects [1] - Cardinal's business strategy is concentrated in the southeastern United States, primarily operating in the metropolitan areas of Charlotte, Raleigh, and Greensboro in North Carolina [1] Financial Highlights - As of September 30, 2025, Cardinal's 12-month revenue is projected to be $395 million, with an uncompleted order value of approximately $646 million [1] - The company has around 100 projects at various stages of completion as of December 31, 2024 [1]