** Shares of payments firm Cantaloupe CTLP.O jump as much as 9.8%; last up 4% at $10.76
** CTLP is exploring strategic options, including a potential sale or a go-private transaction, Reuters reports, citing four people familiar with the matter
** Company is working with investment bankers at JPMorgan Chase JPM.N on the strategic plans
** CTLP, previously known as USA Technologies, has a market cap of $755.9 million as of last close, according to data compiled by LSEG
** Company offers digital payments technology and software to companies providing self-service offerings, such as vending machines, car washes and arcades
** Founded in 1992, the firm went public in 1995 and was approved for listing on Nasdaq in 2007
** As of last close, CTLP up 8.8% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.