m_and_a
confidence high
sentiment positive
materiality 1.00
Cantaloupe agrees to be acquired by 365 Retail Markets for $11.20 per share in cash
CANTALOUPE, INC.
- All-cash consideration of $11.20/share; shareholders to vote at special meeting on the merger.
- Supporting shareholders owning ~14% of common stock entered Voting Agreements to support the deal.
- Cantaloupe must pay a $31.5M termination fee if it accepts a superior proposal or triggers an adverse recommendation change.
- CEO Scott Stewart receives $200K transaction bonus; Anna Novoseletsky receives $100K bonus.
- Closing expected by June 15, 2026, subject to shareholder approval, HSR clearance, and other conditions.
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