|Company Name||Cantaloupe, Inc.|
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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