secwatch.observer — SEC 8-K summary
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Issuer:     CANTALOUPE, INC. (CTLP)
CIK:        0000896429
Form:       8-K
Filed at:   2022-12-05T23:59:59+00:00
Accession:  0001628280-22-031321
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cantaloupe acquires Three Square Market for $41M; adds micro market kiosks, international footprint.
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- Purchase price $41M: $25M debt from existing credit facility + cash on hand + ~$4.1M stock (1.24M shares, 2-yr vest).
- 32M estimated to generate ~$19M revenue with 20%+ EBITDA margins for CY2022 standalone.
- Adds ~3,000 micro market locations in North America, UK, Sweden, Romania; expands international reach.
- Offers full range of self-service kiosks, payment, and software; CEO says immediately accretive to growth and margins.
- Analyst day on Dec 12 to provide updated guidance including 32M impact.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896429/000162828022031321/0001628280-22-031321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896429/000162828022031321/usat-20221201.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-031321

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer