Cantaloupe, Inc. (CTLP)

Cantaloupe, Inc. provided payments, software and hardware for unattended retail, including vending machines, micro-markets, kiosks, laundry facilities, car washes and similar self-service businesses. The company was incorporated in 1992 and was long known as USA Technologies, Inc., a pioneer in cashless payments for vending, and it changed its name to Cantaloupe in 2021. It was headquartered in Malvern, Pennsylvania.

Its core product was the ePort family of payment devices, which accepted card and mobile payments at self-service machines and transmitted data back to a cloud platform. The company also sold Seed software for managing inventory, route logistics and back-office operations, and marketing and payment services for operators. Its customers ranged from small vending operators to large beverage and food service companies.

Cantaloupe's history included a period of governance and accounting turmoil around 2018 and 2019, after which the company restated financial results and refreshed its leadership. It later expanded through acquisitions, including Three Square Market, a micro-market technology company, in 2021 and Yoke Payments, which added point-of-sale technology. The company's common shares traded on Nasdaq under the symbol CTLP, and its Series A preferred stock traded as CTLPP.

On June 16, 2025, Cantaloupe announced that it would be acquired by 365 Retail Markets, a micro-market and self-checkout technology provider based in Troy, Michigan and owned by Providence Equity Partners. The price was $11.20 per share in cash and the transaction was valued at about $848 million. The two companies were the largest competitors in micro-market technology, which led to scrutiny from antitrust regulators.

In May 2026 the U.S. Federal Trade Commission took action to address competitive effects of the deal in micro-market kiosks, and the transaction was cleared subject to conditions. The acquisition closed on or about May 8, 2026, and the combined business operates under the 365 Retail Markets name.

Cantaloupe's common stock and its Series A preferred stock were removed from Nasdaq listing, with a Form 25 filed on May 8, 2026. The company's executives Scott Stewart and Jeffrey Dumbrell joined the executive team of 365 Retail Markets, and the combination was positioned to serve environments such as hospitality, entertainment venues and transit hubs.