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Janel Corporation reports developments tied to its operating-company structure, subsidiary financing and ownership in Rubicon Technology. JANL updates include completed asset-transfer activity involving Janel Group LLC, senior secured credit-facility refinancing, shareholder voting results, auditor changes and governance matters.
Company disclosures also reference the Logistics, Life Sciences and Manufacturing segments when debt facilities, subsidiary obligations or capital-structure matters affect those operations.
Rubicon Technology (OTCQB:RBCN) completed its acquisition of Janel Group LLC on October 14, 2025, making Janel Group a wholly owned subsidiary. Janel Group reported $181.3 million revenue and $8.7 million operating income for the 12 months ended June 30, 2025.
Under the deal Janel Corp (OTCQX:JANL) received 7,000,000 shares of Rubicon common stock at $4.75 per share; Rubicon assumes ~$23 million of indebtedness and gains access to $35 million of revolving credit capacity. Post-closing Janel Corp owns ~86.5% of Rubicon; Janel Corp expects a tender offer for an additional 426,000 shares at $4.75 to reach ~91.0%.