---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-024898"
form_type: "8-K"
ticker: "JANL"
cik: "0001133062"
company_name: "JANEL CORP"
filed_at: "2022-07-05T23:59:59+00:00"
generated_at: "2026-06-24T21:12:42.980812+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Janel Corporation launches tender offer for up to 45% of Rubicon Technology at $20/share

## Summary
- Tender offer for up to 45% of Rubicon common stock at $20.00 per share, subject to Minimum Condition of 35% tender.
- Principal stockholders committed to tender 675,263 shares and vote in favor of the transaction.
- After closing, Rubicon will pay $11.00 per share capital return to all stockholders.
- Financing includes $12M bridge loan from Santander and revolver increase from $31.5M to $35M.
- Offer commences within 10 business days, expires after 20; Rubicon may owe termination fee up to $750,000.

## SEC filing metadata
- accession: 0001140361-22-024898
- form_type: 8-K
- ticker: JANL
- cik: 0001133062
- company_name: JANEL CORP
- filed_at: 2022-07-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133062/000114036122024898/0001140361-22-024898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133062/000114036122024898/brhc10039164_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-024898
- JSON: https://secwatch.observer/filing/0001140361-22-024898.json
- Plain text: https://secwatch.observer/filing/0001140361-22-024898.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.