Company: CTLPP
Filing Date: 2025-08-22
Form Type: DEFA14A
Source: 0001140361-25-032369
Chunk: 1

Company: CANTALOUPE, INC.
Filing Date: 2025-08-22
Form: DEFA14A
Chunk 1
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 each case in connection with the Merger. Following the filing of the Preliminary Proxy Statement, and as of the date of this supplement to the Proxy Statement (this “ Supplement”), Cantaloupe has received certain Complaints and Demand Letters (as defined below) on behalf of purported Cantaloupe shareholders alleging deficiencies regarding the disclosures contained in the Preliminary Proxy Statement and the Proxy Statement. On August 12, 2025, a lawsuit by a purported shareholder of Cantaloupe, captioned Eric Young v. Cantaloupe, Inc., et al., was filed in the Supreme Court of the State of New York, County of New York (the “ Young Complaint”), asserting individual claims against Cantaloupe and the members of Cantaloupe’s board of directors for negligent misrepresentation and concealment and negligence, in violation of New York common law, based upon information included in or omitted from the Proxy Statement. On August 13, 2025, a lawsuit by a purported shareholder of Cantaloupe, captioned Matthew Wright v. Cantaloupe, Inc., et al., was filed in the Supreme Court of the State of New York, County of New York (the “ Wright Complaint” and, together with the Young Complaint, the “ Complaints”), asserting substantially the same claims to that of the Young Complaint. The Complaints seek, among other relief, an injunction enjoining the defendants from consummating the Merger unless Cantaloupe discloses the material information allegedly omitted from the Proxy Statement, rescission of the Merger in the event it is consummated without Cantaloupe disclosing the material information allegedly omitted from the Proxy Statement and an award of costs, including attorneys’ and experts’ fees and expenses. In addition, Cantaloupe has received certain demand letters (the “ Demand Letters”) alleging deficiencies regarding the disclosures contained in the Preliminary Proxy Statement and the Proxy Statement. While Cantaloupe believes that the disclosures set forth in the Proxy Statement comply fully with all applicable law and denies the allegations in the Complaints and Demand Letters, in order to moot the purported shareholders’ disclosure claims, to avoid nuisance and possible expense and disruption to the Merger and to provide additional information to its shareholders, Cantaloupe has determined to voluntarily supplement certain disclosures in the Proxy Statement with the supplemental disclosures set forth below (the “ Supplemental Disclosures”). Nothing in the Supplemental Disclosures shall be deemed an admission of the legal merit, necessity or materiality under applicable law