USA Technologies Officially Launches as Cantaloupe, Inc.
April 19 2021 - 8:15AM
Business Wire
New Corporate Identity Includes Ticker Change
to “CTLP”
Company to Celebrate New Corporate Identity
with Ringing of Closing Bell at Nasdaq
USA Technologies, Inc. (NASDAQ: USAT), today announced its
official name change to Cantaloupe, Inc. (“Cantaloupe” or the
“Company”) and its ticker symbol to “CTLP”. The Company begins
trading on the Nasdaq Global Select Market, under both the new name
and symbol today, and is celebrating its rebranding by ringing the
Closing Bell. In addition, the Company’s Series A Convertible
Preferred Stock begins trading on the OTC Markets Pink Open Market
under the “CTLPP” ticker symbol.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210419005166/en/
Claw Machine (Photo: Business Wire)
The reimagined corporate identity is central to the Company’s
vision to help the world buy it and go. Cantaloupe is firmly on a
path to growth and industry leadership, defining how retailers can
leverage technology to modernize and scale their business.
“Our launch as Cantaloupe represents the culmination of
transformational change within the Company,” said Sean Feeney, CEO
of Cantaloupe, Inc. “This new chapter will help us drive the
industry forward; tapping new opportunities that create value for
customers and other stakeholders. Propelled by the pandemic, retail
has seen a significant shift in shopper expectation for an
increasingly self-serve, safe and secure buying experience. With
more than a million active devices we’re helping accelerate the
adoption of ‘buy it and go’ shopping and digital payments,
unlocking opportunities to build loyalty through personalization
and optimize inventory management.”
Consumers now expect the extraordinary. They demand ultimate
flexibility, information at their fingertips, along with assurance
their personal information and privacy are secure. The adoption of
frictionless shopping and digital payments has dramatically
accelerated due to events over the past year. Companies are now
able to leverage technology to deliver the utmost convenience to
consumers and transform their retail operations.
Cantaloupe is a technology and payments company that gives its
customers scale and flexibility in their retail value chain. The
Company is uniquely placed to be a partner for businesses that
don’t have the resources to put an employee at every point-of-sale,
want to enable a self-service experience and need a solution to
manage their procurement-to-cash workflow. From ePort to Seed, our
end-to-end solution is designed to enhance what all retailers –
from vending operators, to restaurants, and traditional brands –
need to operate more efficiently, as well as what they can offer
their customers, despite constantly changing trends and market
demands.
Useful Links:
- Cantaloupe: https://cantaloupe.com/
- Blog: https://www.cantaloupe.com/blog/
- Resource Center: https://www.cantaloupe.com/resources/
- Facebook: https://www.facebook.com/cantaloupeinc
- Instagram: https://www.instagram.com/cantaloupe.inc/
- Twitter: https://twitter.com/cantaloupeinc_
- YouTube:
https://www.youtube.com/channel/UCTGQNcXUydcOHLZiuIEPuaw
Sales and Partnership Inquiries:
Please contact Cantaloupe, Inc. at +1 800.633.0340 or
sales@cantaloupe.com.
About Cantaloupe, Inc.
Cantaloupe, Inc. is a software and payments company that
provides end-to-end technology solutions for the unattended retail
market. USAT is transforming the unattended retail community by
offering one integrated solution for payments processing,
logistics, and back-office management. The Company’s
enterprise-wide platform is designed to increase consumer
engagement and sales revenue through digital payments, digital
advertising and customer loyalty programs, while providing
retailers with control and visibility over their operations and
inventory. As a result, customers ranging from vending machine
companies, to operators of micro-markets, gas and car charging
stations, laundromats, metered parking terminals, kiosks,
amusements and more, can run their businesses more proactively,
predictably, and competitively.
Forward-looking Statements:
All statements other than statements of historical fact included
in this release, including without limitation Cantaloupe’s future
prospects and performance, the business strategy and the plans and
objectives of Cantaloupe's management for future operations, are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. When used in this
release, words such as “may,” “could,” “expect,” “intend,” “plan,”
“seek,” “anticipate,” “believe,” “estimate,” “guidance,” “predict,”
“potential,” “continue,” “likely,” “will,” “would” and variations
of these terms and similar expressions, or the negative of these
terms or similar expressions, as they relate to Cantaloupe or its
management, may identify forward-looking statements. Such
forward-looking statements are based on the reasonable beliefs of
Cantaloupe's management, as well as assumptions made by and
information currently available to Cantaloupe's management. Actual
results could differ materially from those contemplated by the
forward-looking statements as a result of certain factors,
including but not limited to the incurrence by Cantaloupe of any
unanticipated or unusual non-operational expenses which would
require us to divert our cash resources from achieving our business
plan; the uncertainties associated with COVID-19, including its
possible effects on Cantaloupe’s operations, financial condition
and the demand for Cantaloupe’s products and services; the ability
of Cantaloupe to predict or estimate its future quarterly or annual
revenue and expenses given the developing and unpredictable market
for its products; the ability of Cantaloupe to retain key customers
from whom a significant portion of its revenues is derived; the
ability of Cantaloupe to compete with its competitors to obtain
market share; the ability of Cantaloupe to make available and
successfully upgrade current customers to new standards and
protocols; whether Cantaloupe's existing or anticipated customers
purchase, rent or utilize ePort or Seed devices or our other
products or services in the future at levels currently anticipated
by Cantaloupe; disruptions to our systems, breaches in the security
of transactions involving our products or services, or failure of
our processing systems; or other risks discussed in Cantaloupe’s
filings with the U.S. Securities and Exchange Commission, including
but not limited to its Annual Report on Form 10-K for the year
ended June 30, 2020 and its Quarterly Reports on Form 10-Q for the
quarters ended September 30, 2020 and December 31, 2020. Readers
are cautioned not to place undue reliance on these forward-looking
statements. Any forward-looking statement made by us in this
release speaks only as of the date of this release. Unless required
by law, Cantaloupe does not undertake to release publicly any
revisions to these forward-looking statements to reflect future
events or circumstances or to reflect the occurrence of
unanticipated events. If Cantaloupe updates one or more
forward-looking statements, no inference should be drawn that
Cantaloupe will make additional updates with respect to those or
other forward-looking statements.
-- G-CTLP
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210419005166/en/
Media and Investor Relations Contact: Alicia V.
Nieva-Woodgate Cantaloupe, Inc. +1 720.445.4220
anievawoodgate@cantaloupe.com
Emily Porro Makovsky eporro@makovsky.com
Investor Relations: ICR, Inc. cantaloupeIR@icrinc.com
Cantaloupe (NASDAQ:CTLP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cantaloupe (NASDAQ:CTLP)
Historical Stock Chart
From Apr 2023 to Apr 2024