Brief: Cantaloupe Says, On June 5, Reached A Final Settlement With SEC On Investigation About USA Technologies Legacy Revenue Recognition Practices In 2017, 2018 - Filing

Cantaloupe

06/06/2023 21:58

June 6 (Reuters) - Cantaloupe Inc  CTLP.O :
    * CANTALOUPE - ON JUNE 5, REACHED A FINAL SETTLEMENT WITH
SEC ON
INVESTIGATION ABOUT USA TECHNOLOGIES LEGACY REVENUE RECOGNITION
PRACTICES IN 2017, 2018
    * CANTALOUPE INC - AGREED TO A CEASE-AND-DESIST ORDER AND
PAYMENT
OF A CIVIL MONETARY PENALTY OF $1.5 MILLION AS PART OF
SETTLEMENT
    * CANTALOUPE INC - BELIEVES IT HAS FULLY REMEDIATED CONDUCT
DESCRIBED IN SEC'S ORDER RELATED TO USA TECHNOLOGIES AND ITS
FORMER EXECUTIVES


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