An investigation on behalf of investors in Cantaloupe, Inc. (NASDAQ: CTLP) shares over potential wrongdoing at Cantaloupe, Inc. was announced and NASDAQ: CTLP stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 12/16/2022 --An investigation on behalf of current long-term investors in shares of Cantaloupe, Inc. (NASDAQ: CTLP) was announced over potential breaches of fiduciary duties by certain officers and directors at Cantaloupe, Inc.

Investors who purchased shares of Cantaloupe, Inc. (NASDAQ: CTLP) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Cantaloupe, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Malvern, PA based Cantaloupe, Inc., a digital payment and software services company, provides technology solutions for the unattended retail market.
Cantaloupe, Inc. reported that its Total Revenue rose from $166.93 million for the 12 months period that ended on June 30, 2021, to $195.20 million for the 12 months period that ended on June 30, 2022, and that its Net Loss over those respective time periods declined from $8.7 million to $1.7 million.

On September 28, 2022, the company issued a report stating, "Based on progress made to date in the assessments of the effectiveness of internal controls over financial reporting, the Company currently expects to report three material weaknesses in its internal control framework. This includes the design, implementation and operating effectiveness of information technology general controls in the areas of user access, change management and segregation of duties within various systems that support the Company's accounting and reporting processes, the design, implementation and operating effectiveness of controls over revenue and related accounts, and risk assessment and monitoring activities with respect to identifying and evaluating control deficiencies in a timely manner."

Shares of Cantaloupe, Inc. (NASDAQ: CTLP) declined from $6.71 per share on August 17, 2022, to as low as $3.45 per share on September 30, 2022.

Those who purchased shares of Cantaloupe, Inc. (NASDAQ: CTLP) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.