Cantaloupe, Inc. (NASDAQ: CTLP)

This investigation is for anyone who acquired securities in Cantaloupe, Inc. (NASDAQ: CTLP) prior to September 28, 2022.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company had in place proper controls but then by announcing that the Company would be restating financial statements.

On September 28, 2022, after the market closed, Cantaloupe announced that it would not timely file its annual report on Form 10-K for the fiscal year ended June 30, 2022 due to “management finalizing its assessment of the effectiveness of its internal controls over financial reporting.” The Company also stated that it “currently expects to report three material weakness in its internal control framework” related to, among other things, “the design, implementation and operating effectiveness of controls over revenue and related accounts.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Cantaloupe, Inc. (NASDAQ: CTLP) prior to September 28, 2022 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.