JANEL CORP (JANL): M&A transaction — Janel Corp contributes Janel Group to Rubicon for 86.5% stake; launches tender offer for 91% ownership

JANEL CORP

On Oct 14, 2025, Janel Corp closed the contribution of Janel Group LLC to Rubicon for 7M new shares, giving Janel Corp ~86.5% voting power.
Rubicon assumed ~$23M of Janel Group's debt; Janel Group had ~$181.3M revenue and ~$8.7M operating income (TTM ended June 30, 2025).
Janel Corp plans tender offer on/about Oct 16 to buy up to 426K Rubicon shares at $4.75/share cash, targeting ~91% ownership.
Prior to closing, Janel Corp owned ~46.6% of Rubicon; deal approved by Rubicon board and disinterested stockholders on Oct 10, 2025.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

JANEL CORP completed a disposition involving Rubicon Technology, Inc. for 7,000,000 newly issued shares of Rubicon’s common stock (closed 2025-10-14).

Action: disposition
Counterparty: Rubicon Technology, Inc.
Consideration: 7,000,000 newly issued shares of Rubicon’s common stock
Closing: 2025-10-14

Exact text from the filing

as of August 20, 2025 between the Company and Rubicon. Pursuant to the Contribution Agreement, in exchange for the membership interests of Janel Group, (i) the Company received 7,000,000 newly issued shares of Rubicon’s common stock, as a result of which the Company beneficially owns approximately 86.5% of the total voting power of Rubicon and (ii) Rubicon

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JANEL CORP filing history →

Source: SEC EDGAR

accession 0001140361-25-038104

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