---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-030645"
form_type: "8-K"
ticker: "JANL"
cik: "0001133062"
company_name: "JANEL CORP"
filed_at: "2022-08-23T23:59:59+00:00"
generated_at: "2026-06-23T21:54:17.738948+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Janel acquires 44.99% stake in Rubicon Technology for $22.2M

## Summary
- Acquired 1,108,000 shares of Rubicon at $20.00 per share, total $22.16M, representing 44.99% of outstanding shares.
- Acquisition funded from cash on hand and proceeds of a bridge loan under Santander Bank loan agreement.
- Two Janel designees appointed to Rubicon's board, replacing two resigned directors.
- Financial statements of acquired business to be filed by amendment within 71 days.

## SEC filing metadata
- accession: 0001140361-22-030645
- form_type: 8-K
- ticker: JANL
- cik: 0001133062
- company_name: JANEL CORP
- filed_at: 2022-08-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133062/000114036122030645/0001140361-22-030645-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133062/000114036122030645/brhc10041173_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-030645
- JSON: https://secwatch.observer/filing/0001140361-22-030645.json
- Plain text: https://secwatch.observer/filing/0001140361-22-030645.txt

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