On January 27, 2020, 22NW, LP announced that it has been following the ongoing proxy battle between USA Technologies, Inc. and Hudson Executive Capital with great interest. 22NW stated that it is now feel compelled to weigh in publicly after the board recently rejected Hudson Executive's proposed settlement despite overwhelmingly conclusive voting results in favor of Hudson Executive's slate of directors. 22NW also stated that it was surprised and dismayed to learn from Hudson's January 17th, 2020 public letter that it may be considering a sale of the Company despite the currently depressed valuation of the Company's stock. 22NW estimated the fair value of the Company under the superior leadership team proposed by Hudson could be at least $20 a share, if not higher, over the next few years.
Cantaloupe, Inc. is a global technology company. Its vertically integrated solutions fuel growth by offering micro-payments processing, enterprise cloud software, IoT technology, as well as kiosk and POS innovations. It offers a variety of solutions for self-service commerce, which enable the acceptance of digital payments and allow its customers to simplify inventory, analytics, warehouse, logistics, and back-office management. Its hardware includes Cantaloupe card readers, the Companyâs integrated payment device, as well as Cantaloupe Go POS kiosks, the Companyâs range of POS terminals, which are both deployed in self-service, applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others. Its Cantaloupe Go product line provides a variety of self-checkout kiosks. Its solutions are used by a variety of consumer services in North America, Latin America, Europe, and Australia, including vending machines, laundromats and others.
CANTALOUPE, INC. 
