Company: CTLPP
Filing Date: 2025-10-10
Form Type: DEF 14A
Source: 0001628280-25-044777
Chunk: 1

Company: CANTALOUPE, INC.
Filing Date: 2025-10-10
Form: DEF 14A
Chunk 1
---
 was marked by strong financial performance, driven by disciplined execution. We achieved total revenue of $303 million, a 13% increase year-over-year, led by a 15% increase in transaction fees and an 11% increase in subscription fees. We expanded our customer base by 11% to 34,896 active customers and grew our active devices by 5% to 1.28 million, reflecting ongoing demand for our platform.                                                                                                                                                                                                                                                                                                                
 As you know, in June 2025, we entered into a merger agreement (the "Merger Agreement") with 365 Retail Markets, LLC (“365”)(the “Merger”). The Merger was approved by our shareholders in September 2025, but is subject to regulatory clearances, including under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). Subject to those clearances and the satisfaction or waiver of the other closing conditions in the Merger Agreement, the Merger is currently expected to close in the first half of calendar year 2026. Until then, we remain an independent public company and will hold our regular annual meeting. The matters to be voted on at the annual meeting do not include the Merger. 
 Aside from the Merger, operationally, we continued strengthening our business through innovation and expansion. We acquired SB Software to enhance our presence in the U.K. and Europe, launched products including Smart Store and the Go Micro kiosk, and expanded our presence at entertainment venues with partners like the San Jose Earthquakes and Carnival Cruise Line.                                                                                                                                                                                                                                                                                                                                                           
 Looking ahead, as we work toward completing the Merger, we remain focused on maintaining our commitment to operational excellence and innovation. We are dedicated to ensuring a smooth transition for all stakeholders and continuing to deliver high-quality service and performance until the transaction closes.                                                                                                                                                                                                                                                                                                                                                                                                                      
 Your vote is very important to us. If you are unable to attend the annual meeting, please vote in advance of the meeting online, by mail or by telephone to ensure your shares are represented. Thank you for your continued support and investment in Cantaloupe. We look forward to meeting with you onNovember 19, 2025.                                                                                                                                                                                                                                                                                                                                                                                                               
 Sincerely,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |     |                                                     |
| Ravi VenkatesanChief Executive Officer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |     | Douglas G. BergeronIndependent, Non-Executive Chair |

#### 2026Proxy Statement1
Table of Contents