---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-032122"
form_type: "8-K"
ticker: "JANL"
cik: "0001133062"
company_name: "JANEL CORP"
filed_at: "2025-08-21T23:59:59+00:00"
generated_at: "2026-05-17T10:44:23.925139+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Janel Corp sells logistics subsidiary to Rubicon for stock; to own 86.5% of Rubicon

## Summary
- Rubicon acquires Janel Group for 7M shares at $4.75/share plus assumption of ~$23M debt and $35M credit facility access.
- Janel Corp currently owns 46.6% of Rubicon; post-close will own ~86.5%.
- Janel Group had revenues ~$181.3M and operating income ~$8.7M for 12 months ended June 30, 2025.
- Contingent on vote, Janel Corp will tender offer for 400K more shares at $4.75 cash, targeting ~90.7% ownership.
- Transaction approved by Rubicon board; subject to approval by disinterested Rubicon stockholders.

## SEC filing metadata
- accession: 0001140361-25-032122
- form_type: 8-K
- ticker: JANL
- cik: 0001133062
- company_name: JANEL CORP
- filed_at: 2025-08-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133062/000114036125032122/0001140361-25-032122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133062/000114036125032122/ef20054286_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-032122
- JSON: https://secwatch.observer/filing/0001140361-25-032122.json
- Plain text: https://secwatch.observer/filing/0001140361-25-032122.txt

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