1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. ๐ Posts
Discussion
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1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. ๐ Posts
Discussion
1. Investment Snapshot
2. Capital Structure
3. Valuation
Discussion
Symbol
CDNL
Event Date
2025-12-10
Sector
Industrials
Subsector
Construction & Engineering
Offer Range
โ
Shares Offered
3.75M
Shares Outstanding Pre-IPO
42.87M
46.62M
โ
Implied Upside vs Midpoint
$00.00Description
โ
Post-IPO economic shares by class.
| Class | Shares | % Economic |
|---|---|---|
Class A Common Stock (listed) 1 vote per share | 19.04M | 40.8% |
Class B Common Stock 1 vote per share ยท Exchangeable 1-for-1 into Class A Common Stock upon redemption/exchange of corresponding LLC Units (subject to Cardinal Operating Agreement terms) | 27.57M | 59.2% |
| Total economic shares | 46.62M | 100% |