secwatch.observer — SEC 8-K summary
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Issuer:     JANEL CORP (JANL)
CIK:        0001133062
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0001140361-22-030645
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133062/000114036122030645/0001140361-22-030645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133062/000114036122030645/brhc10041173_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-030645

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