Company: CTLPP
Filing Date: 2025-07-24
Form Type: DEFM14A
Source: 0001140361-25-027048
Chunk: 58

Company: CANTALOUPE, INC.
Filing Date: 2025-07-24
Form: DEFM14A
Chunk 58
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 to such rollover shares and (ii) at the effective time of the Merger, be canceled and retired and will cease to exist, and no consideration will be delivered in exchange for such cancellation and retirement. As of the date of this proxy statement, representatives of Douglas G. Bergeron, Chairman of the Board, and Jeffrey Dumbrell, Cantaloupe’s Chief Revenue Officer, have had preliminary discussions with representatives of 365 regarding potential rollover arrangements with respect to up to 1,032,559 shares of Cantaloupe’s common stock held by Mr. Bergeron and 20,000 shares of Cantaloupe’s common stock held by Mr. Dumbrell, but, as of the date of this proxy statement, no definitive agreement has been entered into between Mr. Bergeron or Mr. Dumbrell and 365 or its affiliates regarding such potential rollovers. Other than as described above, none of 365, Holdco, Holdco II, Merger Subsidiary or any of their respective affiliates has entered into any agreements, arrangements or understandings with respect to rollover shares.

At or prior to the effective time of the Merger, 365 must deposit, or cause to be deposited, with the Paying Agent, for the benefit of the holders of common stock, the Payment Fund.

Directors and Officers; Certificate of Incorporation; Bylaws

The Cantaloupe Articles and the Cantaloupe Bylaws as in effect immediately prior to the effective time of the Merger will be the articles of incorporation and bylaws of the surviving corporation until thereafter amended as provided therein or in accordance with applicable law.

At the effective time of the Merger, the initial directors of Merger Subsidiary as of immediately prior to the effective time of the Merger will be the directors of the surviving corporation, each to hold office in accordance with the articles of incorporation and bylaws of the surviving corporation until their respective successors are duly elected or appointed and qualified.

At the effective time of the Merger, the initial officers of Merger Subsidiary as of immediately prior to the effective time of the Merger will be the officers of the surviving corporation, each to hold office in accordance with the articles of incorporation and bylaws of the surviving corporation until their respective successors are duly appointed.

**Effects on Cantaloupe if the Merger is not Completed**

If the Merger Agreement is not approved and adopted by our shareholders at the Special Meeting or if the Merger