Business
USA Technologies Announces Date of Annual Meeting of Shareholders
MALVERN, Pa.--(BUSINESS WIRE)-- USA Technologies, Inc. (OTC: USAT) (“USAT” or the “Company”), a cashless payments and software services company that provides
About this update from Cantaloupe, Inc.
[{"type":"text","content":" MALVERN, Pa.--(BUSINESS WIRE)--\nUSA Technologies, Inc. (OTC: USAT) (“USAT” or the “Company”), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that the Company will hold its Annual Meeting of Shareholders on April 30, 2020. USAT issued the following statement:\n\n\nThe USAT management team, with the assistance and oversight of the Board of Directors, is continuing to take necessary actions to advance our market leadership position, accelerate our growth and deliver value for our shareholders.\n\n\nAs previously announced, USAT has regained compliance with its financial reporting obligations and significantly strengthened its corporate governance, while also implementing a series of measures to bring USAT’s oversight and control functions in line with best practices.\n\n\nWe are now pleased to announce that the Company will hold its Annual Meeting of Shareholders on April 30, 2020. This puts an end to the unnecessary and costly distraction posed by Hudson Executive Capital’s litigation to pursue an invalid special meeting of shareholders.\n\n\nAdditionally, we believe the timing of the Annual Meeting will allow us to meet all NASDAQ requirements related to the relisting process.\n\n\nIn connection with its 2020 Annual Meeting of Shareholders, USAT will file a definitive proxy statement with the U.S. Securities and Exchange Commission in March 2020.\n\n\nAbout USA Technologies, Inc.\n\n\nUSA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. With approximately 1.2 million connections, USAT is transforming the unattended retail community by offering one solution for payments processing, logistics, and back-office management solutions. 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,...