Bubble Wrap maker Sealed Air surges on report of buyout talks
Cantaloupe, Inc. (NASDAQ:CTLP) announced Wednesday that Gaurav Singal, the company’s chief technology officer, will leave the company effective October 7. According to a statement released by the company, Mr. Singal’s departure is a personal decision to pursue another opportunity. The company stated that his exit is not related to any disagreement regarding Cantaloupe’s operations, policies, or practices.
The announcement was made in a regulatory filing with the Securities and Exchange Commission. Cantaloupe is based in Malvern, Pennsylvania and is listed on the NASDAQ Stock Market.
No information was provided about a successor or interim chief technology officer. The company did not disclose any changes to compensatory arrangements or additional details related to the transition in the filing.
This article is based on a statement from a press release filed with the SEC.
In other recent news, Cantaloupe, Inc. and 365 Retail Markets, LLC have received a second request for additional information from the U.S. Federal Trade Commission (FTC) regarding their proposed merger. This request was issued under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The second request from the FTC extends the waiting period for regulatory review. This period will now continue until 30 days after both companies have substantially complied with the FTC’s request, unless terminated earlier by the agency. The extended review process indicates that the FTC is taking a closer look at the potential impacts of this merger. The companies involved will need to provide further information to address the regulatory concerns. This development is crucial for investors monitoring the progress of the merger.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.