Company: CTLPP
Filing Date: 2025-07-11
Form Type: PREM14A
Source: 0001140361-25-025663
Chunk: 29

Company: CANTALOUPE, INC.
Filing Date: 2025-07-11
Form: PREM14A
Chunk 29
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12

TABLE OF CONTENTS

| Q: | What will holders of common stock receive if the Merger is completed? |

| A: | If the Merger is completed, holders of our common stock will have the right to receive $11.20 in cash, without interest and less any applicable withholding taxes, for each share of our common stock. As a result of the Merger, you will not own shares in the surviving corporation. |

| Q: | How does the Merger Agreement affect the preferred stock? What will holders of preferred stock receive in the Merger? |

| A: | Pursuant to the Merger Agreement, upon the terms and subject to the conditions set forth therein, Cantaloupe is required to redeem all of the outstanding shares of preferred stock immediately prior to the consummation of the Merger in accordance with the applicable redemption provisions contained in the Cantaloupe Articles, at a redemption price payable in cash, by or on behalf of Cantaloupe, in an amount equal to $11.00 per share of preferred stock plus an amount equal to the accrued and unpaid cumulative dividends thereon to the date of the Redemption. Upon the Redemption, all rights of the holders thereof will terminate, except for the right to receive the preferred stock redemption payment, without interest and subject to any applicable withholding taxes. At the effective time of the Merger, each share of preferred stock redeemed by Cantaloupe will be canceled and cease to exist, and you will not own shares in the surviving corporation. |

In accordance with the Cantaloupe Articles, holders of preferred stock may elect to convert each share of preferred stock (as well as any accrued and unpaid cumulative dividends thereon) into common stock, pursuant to and at the conversion price set forth in the Cantaloupe Articles, at any time prior to the date of the Redemption. Holders of preferred stock that convert their preferred stock into common stock will be entitled to receive $11.20 in cash, without interest and less any applicable withholding taxes, for each share of common stock into which the preferred stock converts, and will not receive the preferred stock redemption payment in respect of any shares of preferred stock that have been converted.

| Q: | What will happen to outstanding Cantaloupe equity compensation awards in the Merger? |

| A: | At or immediately prior to the effective time of the Merger, each Cantaloupe RSU that is outstanding immediately prior to the effective time of the Merger will, automatically