Company: CTLPP
Filing Date: 2025-09-08
Form Type: 10-K
Source: 0001628280-25-041775
Chunk: 87

Company: CANTALOUPE, INC.
Filing Date: 2025-09-08
Form: 10-K
Item: Item 7
Chunk 87
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 of similar third-party installed POS terminals. Customers can obtain POS electronic payment devices from us in the following ways:

•purchasing devices directly from the Company or one of its authorized resellers;

•financing devices under the Company’s QuickStart Program, which are non-cancellable 60-months sales-type leases directly from the Company; and

•renting devices under the Company's Cantaloupe ONE program, which are typically 36-months duration agreements.

Recent Developments

Merger with 365 Retail Markets, LLC

On June 15, 2025, we entered into the Merger Agreement with 365 Retail Markets, Holdco, Holdco II and Merger Sub. Subject to the terms and conditions of the Merger Agreement, 365 Retail Markets has agreed to acquire the Company in exchange for the Merger Consideration. Upon the consummation of the Merger, we will cease to be a publicly traded company. We have agreed to various customary covenants and agreements, including, among others, agreements to conduct our business in the ordinary course during the period between the execution of the Merger Agreement and the effective time of the Merger. We do not believe these restrictions will prevent us from meeting our debt service obligations, ongoing costs of operations, working capital needs, or capital expenditure requirements. The Merger is expected to close in the second half of calendar year 2025, subject to customary closing conditions, including the receipt of required regulatory approvals.

One Big Beautiful Bill Act

On July 4, 2025, new U.S. tax legislation was signed into law (known as the “One Big Beautiful Bill Act” or “OBBBA”) which makes permanent many of the tax provisions enacted in 2017 as part of the Tax Cuts and Jobs Act that were set to expire at the end of 2025. In addition, the OBBBA makes changes to certain U.S. corporate tax provisions, but many are generally not effective until 2026. The Company is currently evaluating the impact of the new legislation but does not expect it to have a material impact on the results of operations.

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Highlights

Highlights of the Company for the fiscal year ended June 30, 2025 are below:

•Revenues of $303 million, an increase of 13% year over year, led by higher transaction and subscription fees revenue.

•$3.4 billion in dollar volume of transactions for the year ended June 30, 2025 compared to $3.