The merger is on track to close within a week. Common stockholders should expect to receive the merger consideration as per the earlier proxy. Preferred holders should act promptly on redemption or conversion instructions.
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Executive Summary
Cantaloupe, Inc. (CTLP) announced termination of the HSR Act waiting period for its merger with 365 Retail Markets, clearing a key regulatory condition. Closing is expected on or about May 8, 2026, with concurrent redemption of Series A Preferred Stock at $62.90 per share (including accrued dividends). This is a procedural step toward the going-private transaction, which is expected to close shortly.
Key Facts
- HSR waiting period terminated on May 1, 2026.
- Merger closing expected on or about May 8, 2026.
- Series A Convertible Preferred Stock redemption price: $62.90 per share ($11.00 + $51.90 accrued dividends as of May 8).
- Redemption is conditional upon closing of the merger.
- Preferred stockholders have conversion rights prior to redemption date.
Financial Impact
Preferred stock redemption at $62.90 per share; merger consideration for common stock not disclosed in this filing.
Risk Factors
- If merger fails to close, redemption will not occur and preferred stock remains outstanding.
- Shareholder litigation or other closing conditions could still delay or prevent the merger.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-018563 |
| Document: ef20069668_ex99-1.htm | 0001140361-26-018563 |
| Document: 0001140361-26-018563-index-headers.html | 0001140361-26-018563 |
| Document: 0001140361-26-018563-index.html | 0001140361-26-018563 |
| Document: 0001140361-26-018563.txt | 0001140361-26-018563 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 18, 2026 23w ago | 15-12G | — | awaiting T+1 | — | — |
May 13, 2026 23w ago | EFFECT | $62.80 $62.80 | · 0.00% | ▼ −0.78% | — |
May 8, 2026 24w ago | 8-K | $62.80 $62.80 | · 0.00% | ▼ −0.14% | — |
May 8, 2026 24w ago | 25-NSE | $62.80 $62.80 | · 0.00% | ▲ +0.23% | — |
May 1, 2026 25w ago | 8-K | $62.50 $62.70 | ▲ +0.32% | ▼ −0.48% | — |
US Market Status
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