Form 4: Cantaloupe, Inc. Director Reports Final Equity Disposition

Director Anne M. Smalling reports the final disposition of all equity holdings in Cantaloupe, Inc. following the company's merger.

Summary

• Director Anne M. Smalling disposed of 78,319 shares of common stock.
• Director Anne M. Smalling disposed of 19,157 restricted stock units (RSUs).
• Director Anne M. Smalling disposed of 120,000 stock options.
• All holdings were canceled and converted into cash as part of the merger with 365 Retail Markets, LLC.
• The merger consideration was set at $11.20 per share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing documenting the final exit of a director following a completed merger.

Positives

• Shareholders received a cash payout of $11.20 per share upon the completion of the merger.

Negatives

• The reporting person no longer holds any equity interest in the company following the merger.

Risks

• The company has ceased to exist as an independent publicly traded entity following the merger completion.

Future Outlook

The company has been acquired and merged into 365 Retail Markets, LLC; therefore, no further forward-looking guidance is provided for the issuer as a standalone public entity.

Management Comments

• The filing confirms that all outstanding equity, including options and RSUs, were canceled and converted into cash at the effective time of the merger.

Industry Context

StockSavvy.ai notes that this filing marks the final administrative step in the consolidation of the automated retail and payment technology sector, reflecting ongoing M&A activity aimed at scaling integrated commerce solutions.

Comparison to Industry Standards

• The $11.20 cash-out price represents the final valuation for public shareholders in the context of the 365 Retail Markets acquisition.
• The treatment of in-the-money options and RSUs aligns with standard change-in-control provisions found in technology sector merger agreements.

Legal Proceedings

• None mentioned.

Related Party Transactions

• None mentioned.

Stakeholder Impact

• Shareholders have been cashed out at $11.20 per share.
• The company is no longer a publicly traded entity.

Next Steps

• Delisting of CTLP common stock from public exchanges.

Key Dates

Keywords

Cantaloupe, CTLP, Merger, Form 4, Acquisition, Insider Transaction