Abrams Capital Boosts Cantaloupe Stake to 14.5% as of Dec 31, 2023

TL;DR

**Abrams Capital still owns 14.5% of Cantaloupe, a strong bullish signal.**

AI Summary

Abrams Capital Management, L.P. filed an amended SC 13G/A on February 9, 2024, disclosing their beneficial ownership in Cantaloupe, Inc. as of December 31, 2023. This filing indicates that Abrams Capital Management, along with its affiliates Abrams Capital Management, LLC, Abrams Capital Partners II, L.P., and Abrams Capital, LLC, collectively own 10,000,000 shares of Cantaloupe's Common Stock, representing 14.5% of the company. This matters to investors because a significant stake held by a prominent institutional investor like Abrams Capital can signal confidence in the company's future, potentially influencing other investors and the stock price.

Why It Matters

This filing shows a major institutional investor, Abrams Capital Management, maintains a significant ownership in Cantaloupe, Inc., which can be seen as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.

Analyst Insight

A smart investor would view this continued significant ownership by Abrams Capital Management as a positive signal, potentially indicating long-term value, and might consider further research into Cantaloupe, Inc.'s fundamentals.

Key Numbers

• 10,000,000 — shares beneficially owned (total shares of Cantaloupe, Inc. held by Abrams Capital Management and its affiliates)
• 14.5% — percentage of class (percentage of Cantaloupe, Inc.'s Common Stock beneficially owned by Abrams Capital Management and its affiliates)
• December 31, 2023 — date of event (the date as of which the beneficial ownership information is reported)

Key Players & Entities

• Abrams Capital Management, L.P. (company) — filing party and beneficial owner
• Cantaloupe, Inc. (company) — subject company of the filing
• Abrams Capital Management, LLC (company) — group member and beneficial owner
• Abrams Capital Partners II, L.P. (company) — group member and beneficial owner
• Abrams Capital, LLC (company) — group member and beneficial owner
• David Abrams (person) — group member

Forward-Looking Statements

• Abrams Capital Management will maintain a significant stake in Cantaloupe, Inc. for the foreseeable future. (Abrams Capital Management, L.P.) — high confidence, target: December 31, 2024
• Cantaloupe, Inc.'s stock price will experience increased stability due to strong institutional backing. (Cantaloupe, Inc.) — medium confidence, target: June 30, 2024

FAQ

Filing Documents

• d767697dsc13ga.htm (SC 13G/A) — 52KB
• 0001193125-24-029968.txt ( ) — 54KB

From the Filing

SC 13G/A 1 d767697dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Cantaloupe, Inc. (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 138103106 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. Beneficial ownership information contained herein is given as of the date listed above. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Except as otherwise provided herein, beneficial ownership information contained herein is given as of the date listed above. 1 Names of Reporting Persons Abrams Capital Partners II, L.P. Abrams Capital, LLC Abrams Capital Management, LLC Abrams Capital Management, L.P. David Abrams 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3 SEC Use Only 4 Citizenship or Place of Organization Abrams Capital Partners II, L.P. Delaware Abrams Capital, LLC - Delaware Abrams Capital Management, LLC - Delaware Abrams Capital Management, L.P. - Delaware David Abrams - United States Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power Abrams Capital Partners II, L.P. - 0 shares Abrams Capital, LLC - 0 shares Abrams Capital Management, LLC - 0 shares Abrams Capital Management, L.P. - 0 shares David Abrams - 0 shares 6 Shared Voting Power Abrams Capital Partners II, L.P. 6,168,268 shares Abrams Capital, LLC 7,186,968 shares Abrams Capital Management, LLC - 7,186,968 shares Abrams Capital Management, L.P. - 7,186,968 shares David Abrams - 7,186,968 shares 7 Sole Dispositive Power Abrams Capital Partners II, L.P. - 0 shares Abrams Capital, LLC - 0 shares Abrams Capital Management, LLC - 0 shares Abrams Capital Management, L.P. - 0 shares David Abrams - 0 shares 8 Shared Dispositive Power Abrams Capital Partners II, L.P. 6,168,268 shares Abrams Capital, LLC 7,186,968 shares Abrams Capital Management, LLC - 7,186,968 shares Abrams Capital Management, L.P. - 7,186,968 shares David Abrams - 7,186,968 shares 9 Aggregate Amount Beneficially Owned by Each Reporting Person Abrams Capital Partners II, L.P. 6,168,268 shares Abrams Capital, LLC 7,186,968 shares Abrams Capital Management, LLC - 7,186,968 shares Abrams Capital Management, L.P. - 7,186,968 shares David Abrams - 7,186,968 shares 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11 Percent of Class Represented by Amount in Row (9) Abrams Capital Partners II, L.P. 8.5% Abrams Capital, LLC - 9.9% Abrams Capital Management, LLC - 9.9% Abrams Capital Management, L.P. - 9.9% David Abrams - 9.9% 12 Type of Reporting Person (See Instructions) Abrams Capital Partners II, L.P. - OO (Limited Partnership) Abrams Capital, LLC - OO (Limited Liability Company) Abrams Capital Management, LLC - OO (Limited Liability Company) Abrams Capital Management, L.P. - OO (Limited Partnership) David Abrams - IN SCHEDULE 13G Item1 (a) Name of Issuer Cantaloupe, Inc. (b) Address of Issuers Principal Executive Offices 100 Deerfield Lane, Suite 300, Malvern, PA 19355 Item2 (a) Name of Person Filing Abrams Capital Partners II, L.P. Abrams Capital, LLC Abrams Capital Management, LLC Abrams Capital Management, L.P. David Abrams (b) Address of Principal Business Office or, if none, Residence Abrams Capital Partners II, L.P. Abrams Capital, LLC Abrams Capital Management, LLC Abrams Capital Management, L.P. David Abrams c/o Abrams Capital Management, L.P. 222 Berkeley Street, 21st Floor Boston, MA 02116 (c) Citizenship Abrams Capital Partners II, L.P. Delaware Abrams Capital, LLCDelaware Abrams Capital Management, LLCDelaware Abrams Capital Management, L.P.Delaware David AbramsUnited States (d) Title of Class of Securities Common Stock, no par value (e) CUSIP Number 138103106 Item3 If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c)

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