Company: CTLPP
Filing Date: 2025-07-11
Form Type: PREM14A
Source: 0001140361-25-025663
Chunk: 23

Company: CANTALOUPE, INC.
Filing Date: 2025-07-11
Form: PREM14A
Chunk 23
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 modify (or publicly propose to fail to make, withdraw, withhold, qualify, amend or modify) in any manner adverse to 365, the Board recommendation (which, any of the foregoing, we refer to as an “Adverse Recommendation Change”), subject to specified exceptions.

If, prior to the approval and adoption of the Merger Agreement by Cantaloupe shareholders, (i) an Intervening Event (as defined in the section of this proxy statement titled “ The Merger Agreement—No Solicitation of Acquisition Proposals; Changes in Board Recommendation ”) occurs, and the Board determines in good faith, after consultation with Cantaloupe’s financial advisors and outside legal, that any failure to take such action would be inconsistent with Cantaloupe’s directors’ fiduciary duties under applicable law, or (ii) Cantaloupe receives an unsolicited bona fide written Acquisition Proposal (as defined in the section of this proxy statement titled “ The Merger Agreement—No Solicitation of Acquisition Proposals; Changes in Board Recommendation ”) (which Acquisition Proposal did not result from a material breach of Cantaloupe’s non-solicitation obligations under the Merger Agreement) made after the date of the Merger Agreement that has not been withdrawn and determined in good faith by the Board, after consultation with Cantaloupe’s outside counsel and its financial advisors, constitutes a Superior Proposal (as defined in the section of this proxy statement titled “ The Merger Agreement—No Solicitation of Acquisition Proposals; Changes in Board Recommendation ”), then, subject to certain additional requirements set forth in the Merger Agreement, the Board may make an Adverse Recommendation Change and, in the case of a Superior Proposal, authorize Cantaloupe to terminate the Merger Agreement and concurrently execute a definitive merger or purchase agreement with respect to such Superior Proposal, subject to the payment of a $31.5 million termination fee by Cantaloupe to 365 as described in the section of this proxy statement titled “ The Merger Agreement—Termination Fee; Effect of Termination ”.

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#### TABLE OF CONTENTS

#### Conditions to Completion of the Merger (Page85)
The completion of the Merger is subject to the satisfaction or written waiver (if permissible under applicable law) of various customary closing conditions, including (i) the obtainment of the required Cantaloupe shareholder approval and (ii) the expiration or termination of any applicable waiting periods under the Hart-Scott-Rod