Cantaloupe Receives HSR Clearance, Sets May 8th Closing for Acquisition by 365 Retail Markets

summarizeSummary

Cantaloupe, Inc. announced the termination of the HSR Act waiting period for its acquisition by 365 Retail Markets, LLC, with the merger now expected to close on or about May 8, 2026.

check_boxKey Events

• HSR Act Waiting Period Terminated

  The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has terminated, clearing a major regulatory condition for the merger.

• Merger Expected to Close May 8, 2026

  The acquisition by 365 Retail Markets, LLC is now anticipated to close on or about May 8, 2026, subject to remaining closing conditions.

• Preferred Stock Redemption Initiated

  Cantaloupe has sent notice to redeem all outstanding Series A Convertible Preferred Stock at a price of $62.90 per share (including accrued dividends) immediately prior to the merger closing.

auto_awesomeAnalysis

This 8-K filing marks a critical milestone in Cantaloupe's acquisition by 365 Retail Markets, LLC. The termination of the Hart-Scott-Rodino (HSR) Act waiting period removes a significant regulatory hurdle, making the merger's completion highly probable. The expected closing date of May 8, 2026, provides a clear timeline for investors. Additionally, the company's notice to redeem all Series A Convertible Preferred Stock immediately prior to closing is a necessary financial step to finalize the transaction. This official confirmation follows recent news regarding the acquisition and solidifies the path to the company becoming an indirect wholly-owned subsidiary.