Cantaloupe, Inc. Added to US Small-Cap Russell 2000® Index

Rhea-AI Summary

Cantaloupe, Inc. (NASDAQ: CTLP) announced its inclusion in the Russell 2000® Index effective June 28, 2021, following its reconstitution. This membership is based on market capitalization, reflecting the company's significant operational and financial progress since its relisting on NASDAQ in late 2020 and rebranding earlier this year. CEO Sean Feeney expressed optimism that this inclusion will enhance the company's visibility and help rebuild shareholder value.

Positive

• Inclusion in the Russell 2000® Index enhances visibility within the investment community.
• Reflects significant operational and financial progress since relisting on NASDAQ.
• CEO's positive outlook on rebuilding shareholder value.

Negative

• None.

Cantaloupe, Inc. (NASDAQ: CTLP) (“Cantaloupe” or the “Company”), a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market, today announced that the Company has been added as a member of the Russell 2000® Index effective after the US market opens on June 28, 2021.

Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 7, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, for Cantaloupe, means automatic inclusion in the small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

“After being relisted on NASDAQ late in 2020, rebranding a few months ago and making significant operational and financial progress over the past 12 months we are excited to be added to the Russell 2000,” said Sean Feeney, chief executive officer, Cantaloupe, Inc. “We expect our addition to the Index will further increase our visibility within the investment community and is a testament to the incredible progress we have made to rebuild shareholder value.”

For more information on the Russell 2000® Index and the Russell US Indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Cantaloupe Inc.

Cantaloupe, Inc. is a software and payments company that provides end-to-end technology solutions for the unattended retail market. Cantaloupe is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The Company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.

About FTSE Russell:

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

-- F-CTLP

View source version on businesswire.com: https://www.businesswire.com/news/home/20210628005129/en/

FAQ

What does Cantaloupe, Inc.'s inclusion in the Russell 2000® Index mean for investors?

Cantaloupe's inclusion in the Russell 2000® Index increases visibility and may attract more investors, potentially enhancing shareholder value.

When did Cantaloupe, Inc. become a member of the Russell 2000® Index?

Cantaloupe, Inc. was added to the Russell 2000® Index effective after the US market opened on June 28, 2021.

What is the significance of the Russell 2000® Index?

The Russell 2000® Index is a key benchmark for small-cap stocks, reflecting the performance of the smallest 2000 companies in the Russell 3000® Index.

What progress has Cantaloupe, Inc. made prior to joining the Russell 2000® Index?

Prior to joining, Cantaloupe made significant operational and financial advancements, especially after relisting on NASDAQ in late 2020 and undergoing rebranding.