secwatch.observer — SEC 8-K summary
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Issuer:     JANEL CORP (JANL)
CIK:        0001133062
Form:       8-K
Filed at:   2021-07-26T23:59:59+00:00
Accession:  0001140361-21-025573
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.02, 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Janel Corporation receives full forgiveness of $2.7M PPP loan from SBA
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- SBA approved full forgiveness of $2,725,893 PPP loan from Santander Bank, N.A.
- Forgiveness payment date was July 20, 2021; notification received July 22, 2021.
- Entire loan balance including accrued interest forgiven; remaining balance is zero.
- Forgiveness will be recognized as income in Q4 ending September 30, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133062/000114036121025573/0001140361-21-025573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133062/000114036121025573/brhc10027239_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-025573

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer