Company: CTLPP
Filing Date: 2025-07-11
Form Type: PREM14A
Source: 0001140361-25-025663
Chunk: 17

Company: CANTALOUPE, INC.
Filing Date: 2025-07-11
Form: PREM14A
Chunk 17
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oney Option”) that is outstanding immediately prior to the effective time of the Merger will, automatically and without any action required on the part of the holder of such Cantaloupe Option, become fully vested and free of restrictions and be canceled in exchange for cash in an amount equal to (i) the total number of shares of common stock for which such Cantaloupe Option is exercisable, multiplied by (ii) the excess of the merger consideration over the per share exercise price of such Cantaloupe Option. At the effective time of the Merger, each Cantaloupe Option having a per share exercise price equal to or greater than the merger consideration (which we refer to as an “Out-of-the-Money Option”) that is outstanding immediately prior to the effective time of the Merger will be canceled without consideration and will be of no further force and effect.

**Delisting and Deregistration of Our Common Stock (Page**

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Upon completion of the Merger, we will remove our common stock from listing on the Nasdaq and price quotations in the public market will no longer be available for our common stock. In addition, following closing of the Merger, the registration of our common stock under the Securities Exchange Act of 1934, as amended (which we refer to as the “Exchange Act”) will be terminated, and shares of our common stock will no longer be publicly traded.

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TABLE OF CONTENTS

Recommendations of Our Board (Page 39) After careful consideration, our Board 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) recommended the approval and adoption of the Merger Agreement by Cantaloupe shareholders (which we refer to as the “Board recommendation”) and (iv) directed that the Merger Agreement be submitted to Cantaloupe shareholders for their vote to adopt the Merger Agreement at a duly convened meeting of Cantaloupe shareholders. Certain factors considered by the Board in reaching its decision to approve the Merger Agreement and the Merger can be found in the section of this proxy statement titled “ The Merger—Recommendation of the Board and Reasons for the Merger”. The Board recommends that Cantaloupe shareholders vote:

| • | “FOR” the Merger