Company: CTLPP
Filing Date: 2025-07-24
Form Type: DEFM14A
Source: 0001140361-25-027048
Chunk: 37

Company: CANTALOUPE, INC.
Filing Date: 2025-07-24
Form: DEFM14A
Chunk 37
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 non-binding, advisory vote, merger-related compensation arrangements for Cantaloupe’s named executive officers (i.e., the Advisory Compensation Proposal)? |

| A: | In accordance with the Exchange Act and rules promulgated under the Exchange Act, Cantaloupe is obligated to provide our shareholders with the opportunity to cast a non-binding, advisory vote on the compensation that may be paid or become payable to our named executive officers in connection with the Merger. |

| Q: | What will happen if the shareholders do not approve the Advisory Compensation Proposal at the Special Meeting? |

| A: | Approval of the Advisory Compensation Proposal is not a condition to the completion of the Merger and is separate and apart from the votes to approve the other proposals being presented at the Special Meeting. The vote with respect to the Advisory Compensation Proposal is an advisory vote and will not be binding on Cantaloupe or 365. Accordingly, the merger-related compensation will be paid to Cantaloupe’s named executive officers to the extent payable in accordance with the terms of their compensation agreements and arrangements even if the holders of Cantaloupe stock do not approve the Advisory Compensation Proposal. |

| Q: | What constitutes a quorum? |

| A: | The presence at the Special Meeting, virtually or represented by proxy, of shareholders entitled to cast at least a majority of the votes that all shareholders are entitled to cast on a particular matter at the Special Meeting will constitute a quorum at the Special Meeting. As of the record date, there were 73,289,054 shares of common stock and 385,782 shares of preferred stock outstanding and entitled to vote at the Special Meeting. |

When a quorum is present to organize a meeting, it is not broken by the subsequent withdrawal of any shareholders. Abstentions are considered as present for the purpose of determining the presence of a quorum. Shares not in attendance and broker non-votes will not be counted towards the required quorum.

| Q: | How does the Board recommend that I vote? |

| A: | After considering various reasons to approve and adopt the Merger Agreement, as well as certain countervailing factors, the Board members unanimously (i) determined that the Merger Agreement and the transactions contemplated thereby, including the Merger, are in the best interests of Cantaloupe, (ii) approved, adopted and declared advisable the Merger Agreement and the transactions contemplated thereby, including the Merger, (iii) resolved to recommend the approval and adoption of the Mer