The Law Offices of Frank R. Cruz Announces Investigation of Cantaloupe, Inc. (CTLP) on Behalf of Investors

Sep 28th, 2022 17:40 EST

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Cantaloupe, Inc. (“Cantaloupe” or the “Company”) (NASDAQ: CTLP) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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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, Cantaloupe’s stock fell during after-hours trading on September 28, 2022, thereby injuring investors.

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If you purchased Cantaloupe securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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