Company: CTLPP
Filing Date: 2025-06-16
Form Type: DEFA14A
Source: 0001104659-25-059759
Chunk: 3

Company: CANTALOUPE, INC.
Filing Date: 2025-06-16
Form: DEFA14A
Chunk 3
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 of the Company’s proxy statement by the Securities and Exchange
Commission (the “SEC”).

If the Merger is consummated,
the Common Stock will be delisted from The NASDAQ Stock Market LLC and deregistered under Section 12(b) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”).

Each of the Company,
Parent, Holdco, Holdco II and Merger Subsidiary has made customary representations and warranties and covenants in the Merger Agreement,
including, among others, covenants (i) to take all actions necessary to effect the Merger, including using reasonable best efforts
to take such actions necessary to obtain required regulatory approvals, subject to certain limitations set forth in the Merger Agreement,
and (ii) in the case of the Company, use its reasonable best efforts to obtain approval of the Merger Agreement and the transactions
contemplated by the Merger Agreement, including the Merger, by its shareholders. The Merger Agreement also requires the Company to (x) send,
on the date that is five business days prior to the closing of the Merger (or such other date as the Company and Parent may agree), in
accordance with the Company’s amended and restated certificate of incorporation, written notice, reasonably acceptable to Parent,
of the Company’s redemption of all issued and outstanding shares of Preferred Stock to each record holder of such shares of Preferred
Stock and (y) redeem, immediately prior to the Effective Time, all shares of Preferred Stock that are issued and outstanding as of
the closing of the Merger. Following such redemption, the shares of Preferred Stock will be canceled for no consideration at the Effective
Time. In addition, the Company has agreed to other customary covenants, including, among others, covenants to conduct its business in
the ordinary course and to refrain from taking certain specific actions during the interim period between the execution of the Merger
Agreement and the Effective Time.

The obligations of the
parties to consummate the Merger are subject to the satisfaction or waiver of customary closing conditions set forth in the Merger Agreement,
including, among others, (i) the approval and adoption of the Merger Agreement by the Company’s shareholders, (ii) the
expiration or termination of any waiting period applicable under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended,
the receipt of all consents under certain specified regulatory laws and the