Hudson Executive Capital Amends Cantaloupe Stake

TL;DR

**Hudson Executive Capital just updated their stake in Cantaloupe, Inc. via a 13D/A filing.**

AI Summary

Hudson Executive Capital LP and Douglas L. Braunstein filed an Amendment No. 13 to Schedule 13D on February 21, 2024, regarding their ownership in Cantaloupe, Inc. (formerly USA Technologies Inc.). The filing updates their beneficial ownership of Common Stock, no par value, in the issuer. This amendment indicates a change in their previously reported holdings.

Why It Matters

This filing signals a change in a significant investor's position, which could influence market perception and future strategic decisions for Cantaloupe, Inc.

Risk Assessment

Risk Level: low — This is an amendment to a Schedule 13D, indicating a change in beneficial ownership, which is a routine disclosure and not inherently high-risk.

Key Players & Entities

• Cantaloupe, Inc. (company) — Subject Company
• Hudson Executive Capital LP (company) — Filing Party
• Douglas L. Braunstein (person) — Group Member
• HEC Management GP LLC (company) — Group Member
• USA Technologies Inc. (company) — Former name of Cantaloupe, Inc.

FAQ

Key Financial Figures

• $6.30 — ler at a weighted average sale price of $6.30 per share. These shares of Common Stock
• $6.22 — ple transactions at prices ranging from $6.22 to $6.53, inclusive. The Reporting Pers
• $6 — actions at prices ranging from $6.22 to $6.53, inclusive. The Reporting Persons un

Filing Documents

• tm246826d1_sc13da.htm (SC 13D/A) — 63KB
• 0001104659-24-026184.txt ( ) — 64KB

SECURITY AND ISSUER

ITEM 1. SECURITY AND ISSUER

of the Schedule 13D is hereby amended

Item 1 of the Schedule 13D is hereby amended and restated in its entirety as follows: This Schedule 13D relates to the shares of Common Stock. The principal executive offices of the Issuer are located at 100 Deerfield Lane, Suite 300, Malvern, Pennsylvania 19355. Hudson Executive Capital LP, a Delaware limited partnership (“ Hudson Executive ”), beneficially owns an aggregate of 9,270,694 shares of Common Stock representing approximately 12.73% of the issued and outstanding shares of Common Stock. HEC Management GP LLC, a Delaware limited liability company (“ Management GP ”), beneficially owns an aggregate of 9,270,694 shares of Common Stock representing approximately 12.73% of the issued and outstanding shares of Common Stock. Douglas L. Braunstein, a citizen of the United States of America, beneficially owns an aggregate of 9,290,906 shares of Common Stock representing approximately 12.76% of the issued and outstanding shares of Common Stock.

INTEREST IN SECURITIES OF THE ISSUER

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Items 5(a) and 5(b) are each hereby amended and supplemented to incorporate by reference the information provided in the cover pages and in response to Item 1 of this Amendment No. 13.

(c) of the Schedule 13D is hereby

Item 5(c) of the Schedule 13D is hereby amended and restated in its entirety as follows: (c) On February 21, 2024, as discussed in the Preliminary Statement above, the Reporting Persons sold 90,582 shares of Common Stock, including certain legended shares, held by HEC SPV IV in multiple transactions through a broker-dealer at a weighted average sale price of $6.30 per share. These shares of Common Stock were sold in multiple transactions at prices ranging from $6.22 to $6.53, inclusive. The Reporting Persons undertake to provide the staff of the SEC, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth in the immediately preceding sentence. In addition, on February 20, 2024, the Reporting Persons effected a series of pro rata share-in-kind distributions of 2,884,584 total shares of Common Stock held by HEC SPV IV to direct and indirect owners of HEC SPV IV. CUSIP No. 138103106 SCHEDULE 13D Page 6 of 6 Pages

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct. Date: February 21, 2024 HUDSON EXECUTIVE CAPITAL LP By: HEC Management GP, LLC, its general partner By: /s/ Douglas L. Braunstein Name: Douglas L. Braunstein Title: Managing Member HEC MANAGEMENT GP LLC By: /s/ Douglas L. Braunstein Name: Douglas L. Braunstein Title: Managing Member DOUGLAS L. BRAUNSTEIN By: /s/ Douglas L. Braunstein Douglas L. Braunstein

View Full Filing

View this SC 13D/A filing on SEC EDGAR