Company: CTLPP
Filing Date: 2025-07-24
Form Type: DEFM14A
Source: 0001140361-25-027048
Chunk: 103

Company: CANTALOUPE, INC.
Filing Date: 2025-07-24
Form: DEFM14A
Chunk 103
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 not be relied on as such. Neither Cantaloupe nor 365 or their respective affiliates, officers, directors, advisors or other representatives can provide any assurance that actual results will not differ from the Management Projections. Except as may be required by applicable securities laws, we do not intend to update or otherwise revise the Management Projections or the specific portions presented to reflect circumstances existing after the date when made or to reflect the occurrence of future events. The Management Projections are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For information on factors that may cause our future financial results to materially vary, see the section of this proxy statement titled “ Cautionary Statement Regarding Forward-Looking Information” above. A summary of the Management Projections is set forth in the following table, which Management Projections were prepared by Cantaloupe’s management to help develop a framework for evaluating the potential future value and financial outlook of Cantaloupe for the fiscal years ending June 30, 2025, 2026, 2027 and 2028. Management Projections

| (dollars in millions)            |     | 2025 |     | 2026 |     | 2027 |     | 2028 |
| Revenue                          |     | $305 |     | $364 |     | $416 |     | $469 |
| Adjusted EBITDA(1)               |     |  $49 |     |  $68 |     |  $95 |     | $115 |
| Stock-based Compensation Expense |     |   $3 |     |   $4 |     |   $4 |     |   $4 |
| Unlevered Cash Taxes(2)          |     |   $1 |     |   $2 |     |   $6 |     |  $17 |
| Capital Expenditures             |     |  $20 |     |  $15 |     |  $13 |     |  $15 |
| Changes in Net Working Capital   |     |  $19 |     |   $0 |     |  $10 |     |  $17 |
| Unlevered Free Cash Flow(3)      |     |   $5 |     |  $47 |     |  $62 |     |  $63 |

| (1) | Cantaloupe defines Adjusted EBITDA as net income calculated in accordance with GAAP plus the sum of interest income