Cantaloupe Inc stock (US1389541054): Merger closes at $11.20 per share

Cantaloupe Inc directors Ian Jiro Harris and Ellen Richey reported the cancellation and conversion of their shareholdings and stock options into cash on May 8, 2026, according to Form 4 filings with the SEC. The transactions reflect the effective completion of the company's merger under the Agreement and Plan of Merger dated June 15, 2025, involving Cantaloupe, 365 Retail Markets, Catalyst Holdco I, Catalyst Holdco II, and Catalyst MergerSub.

As of: May 12, 2026

By the editorial team – specialized in equity coverage.

Cantaloupe Inc: merger completion and equity conversion

Director Ian Jiro Harris reported the disposition of 187,875 shares of common stock (in two blocks of 19,157 and 168,718 shares) and a non-qualified stock option covering 100,000 shares with an exercise price of $8.02 per share. Under the merger terms, each share was canceled and automatically converted into the right to receive $11.20 in cash. The in-the-money option was also canceled and exchanged for cash equal to the spread between the merger consideration and the exercise price, multiplied by the 100,000 shares subject to the option. Following these transactions, Harris holds no remaining common shares or options in the company.

Director Ellen Richey similarly reported the disposition of 97,476 shares (in blocks of 19,157 and 78,319 shares) and a non-qualified stock option covering 120,000 shares with an exercise price of $6.49 per share. Her equity was also converted to cash at the $11.20 per-share merger price, with in-the-money options exchanged for cash based on the spread calculation. Richey also holds no remaining equity following the effective completion of the merger.

Merger structure and transaction details

The merger agreement, originally executed on June 15, 2025, provided that all shares of common stock and applicable equity awards would be fully vested and canceled at or before the effective time. Restricted stock units and in-the-money options were converted into cash rights based on the agreed $11.20 per-share consideration. The Form 4 filings indicate that all dispositions were coded as transactions to the issuer on May 8, 2026, marking the effective date of the merger.

Conclusion

The May 8, 2026 merger completion of Cantaloupe Inc marks the end of the company's public trading history, with shareholders receiving $11.20 per share in cash. The Form 4 filings from directors Harris and Richey document the conversion of their equity holdings and options into cash consideration under the merger agreement. US investors who held Cantaloupe shares should have received their merger consideration through their brokerage accounts, with the transaction representing the final step in the acquisition process initiated in mid-2025.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.