Cardinal Infrastructure Group to be Added to the Russell 2000 and 3000 Indexes

RALEIGH, N.C., March 20, 2026 /PRNewswire/ -- Cardinal Infrastructure Group, Inc. (NASDAQ: CDNL) ("Cardinal" or the "Company") today announced that it will be added to the Russell 2000

and Russell 3000 Indexes, as part of FTSE Russell's first quarter Initial Public Offering (IPO) addition, effective March 23, 2026.

"Joining the Russell indexes is a meaningful milestone as we continue building Cardinal's presence in the public markets," said Jeremy Spivey, Cardinal's Chairman and Chief Executive Officer. "We look forward to expanding our reach with a broader set of investors as we execute on our growth strategy."

The Company's inclusion in the Russell 2000

Index as well as the broader Russell 3000 Index provides Cardinal with increased visibility within the institutional investor community. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.

Cardinal Infrastructure Group (NASDAQ:  CDNL) is one of the Southeast's fastest-growing, full-service infrastructure service providers. The Company delivers integrated civil and site development solutions across high growth markets through a self-performing model supported by skilled labor, specialized fleets and market leading subsidiaries. This model enables efficient, turnkey project execution at scale while maintaining focus on building long-term client relationships. Cardinal's strategy is grounded in operational discipline, market expansion and a commitment to integrity from the ground up. 

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

SOURCE Cardinal Infrastructure Group Inc.