MergerMay 8, 2026, 04:42 PM
Cantaloupe Merger Completed; Shareholders Receive $11.20 Per Share
AI Summary
The merger of Cantaloupe, Inc. was completed, with each outstanding share of common stock converted into the right to receive $11.20 in cash. In connection with the merger, the company's Second Amended and Restated Credit Agreement was terminated and fully repaid. Additionally, all outstanding equity awards, including RSUs, PSUs, and Restricted Stock Awards, vested and were converted into cash at the merger consideration, while in-the-money options were cashed out and out-of-money options canceled. All outstanding Preferred Stock was also redeemed.
Key Highlights
- Cantaloupe merger completed on the Closing Date.
- Each share of Common Stock converted into the right to receive $11.20 in cash.
- Company RSUs, PSUs, and Restricted Stock Awards vested and converted to $11.20 cash per share.
- In-the-Money Options vested and cashed out based on the $11.20 merger consideration.
- Out-of-the-Money Options were canceled without consideration.
- Second Amended and Restated Credit Agreement terminated and repaid in full.
- All outstanding shares of Preferred Stock were redeemed.