secwatch.observer — SEC 8-K summary
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Issuer:     JANEL CORP (JANL)
CIK:        0001133062
Form:       8-K
Filed at:   2021-10-05T23:59:59+00:00
Accession:  0001140361-21-033642
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Janel Corp raises $600K via Series C preferred to related party; appoints new director
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- Sold 1,200 shares of Series C Cumulative Preferred at $500/share to Oaxaca Group LLC for $600,000 total.
- Oaxaca Group LLC, which owns 47.51% of Janel's common stock, is an accredited investor; proceeds for working capital.
- Appointed Karen Miller Ryan (Karen Padgett) to the Board, effective Oct 1, 2021; she will join Audit, Compensation, and Nominating committees.
- Authorized Series C Preferred shares increased from 20,000 to 30,000 to accommodate the issuance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133062/000114036121033642/0001140361-21-033642-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133062/000114036121033642/brhc10029609_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-033642

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