Company: CTLPP
Filing Date: 2025-07-11
Form Type: PREM14A
Source: 0001140361-25-025663
Chunk: 87

Company: CANTALOUPE, INC.
Filing Date: 2025-07-11
Form: PREM14A
Chunk 87
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 stock might have increased in the future to a price greater than $11.20. |

| • | Litigation Risk.The Board considered the risk of litigation in connection with the execution of the Merger Agreement and the consummation of the Merger. |

| • | Interests of the Board and Management.The fact that Cantaloupe’s directors and executive officers may have interests in the transactions contemplated by the Merger Agreement, as described in the section of this proxy statement titled“The Merger—Interests of Certain Persons in the Merger” below, that are different from, or in addition to, those of Cantaloupe’s shareholders. The Board was aware of these interests and considered them at the time it approved the Merger Agreement and made its recommendation to Cantaloupe’s shareholders. |

| • | Other Risks.The Board considered various other risks associated with the Merger and the business of Cantaloupe, as more fully described in the section of this proxy statement titled “Cautionary Statement Regarding Forward-Looking Information”. |

The Board concluded that the uncertainties, risks and potentially negative factors relevant to the Merger were outweighed by the potential benefits of the Merger. The foregoing discussion of the factors considered by the Board set forth the principal factors considered by the Board but is not intended to be exhaustive. The Board collectively reached the unanimous conclusion to approve the Merger and the Merger Agreement considering all of the various factors described above and other factors that each member of the Board deemed relevant. In view of the wide variety of factors considered by the members of the Board in connection with their evaluation of the Merger and the complexity of these matters, the Board did not consider it practical, and did not attempt, to quantify, rank or otherwise assign relative weights to the specific factors it considered in reaching its decision. The Board made its decision based on the totality of information presented to and considered by it. In considering the factors discussed above, individual directors may have given different weights to different factors. This explanation of the reasoning of the Board and certain information presented in this section of this proxy statement is forward-looking in nature and should be read in light of the factors set forth in the section of this proxy statement titled “ Cautionary Statement Regarding Forward-Looking Information”. Opinion of Cantaloupe’s Financial Advisor Pursuant to an engagement letter, Cantaloupe retained J.P. Morgan as its financial advisor in connection with the proposed Merger.

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At the meeting of