Company: CTLPP
Filing Date: 2025-06-16
Form Type: DEFA14A
Source: 0001104659-25-059759
Chunk: 5

Company: CANTALOUPE, INC.
Filing Date: 2025-06-16
Form: DEFA14A
Chunk 5
---
 postponement thereof) a final vote
is taken and the Company’s shareholders fail to approve and adopt the Merger Agreement upon a vote taken thereon and (v) by
either party if the other party breaches its representations, warranties or covenants in the Merger Agreement or otherwise breaches its
obligations under the Merger Agreement such that the applicable condition to the consummation of the Merger is not satisfied, subject
in certain cases, to the right of the breaching party to cure the breach by the End Date. In addition, subject to the conditions of the
Merger Agreement, prior to obtaining approval of the Company’s shareholders to approve and adopt the Merger Agreement, (x) the
Company may terminate the Merger Agreement in order to enter into a definitive agreement with a third party to effect the transaction
contemplated by a Superior Proposal (as defined in the Merger Agreement) and (y) Parent may terminate the Merger Agreement in the
event of an Adverse Recommendation Change (as defined in the Merger Agreement) or if a Triggering Event (as defined in the Merger Agreement)
has occurred. In addition, the Merger Agreement provides that the Company must pay Parent a $31.5 million termination fee if Parent terminates
the Merger Agreement in the event of an Adverse Recommendation Change or a Triggering Event, or if the Company terminates the Merger Agreement
to enter into a definitive agreement with a third party to effect a transaction contemplated by a Superior Proposal, as set forth in,
and subject to the conditions of, the Merger Agreement. The Company must also pay Parent a $31.5 million termination fee if the Merger
Agreement is terminated in certain specified circumstances where an alternative Acquisition Proposal to the Merger has been made prior
to the time of valid termination of the Merger Agreement and, within twelve months following such termination, the Company enters into
a definitive agreement in respect of an alternative transaction that is later consummated or an alternative transaction is consummated.

The Merger Agreement
also provides that either party may specifically enforce the other party’s obligations under the Merger Agreement.

The foregoing summary
of the Merger Agreement and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in
its entirety by, the full text of the Merger Agreement, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K and
is incorporated herein by reference