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Janel ( (JANL) ) has issued an announcement.
On August 20, 2025, Janel Corporation entered into a Contribution Agreement with Rubicon Technology, Inc., transferring its subsidiary, Janel Group LLC, in exchange for 7,000,000 shares of Rubicon’s common stock and the assumption of $23 million in debt. This agreement, which increases Janel’s stake in Rubicon to 86.5%, includes conditions such as stockholder approval and contains termination rights and fees. Additionally, on August 22, 2025, Janel’s majority shareholders approved a Charter Amendment to restrict stock transfers, preserving tax benefits, with the amendment expected to be effective 20 days after mailing the Information Statement to shareholders.
More about Janel
Janel Corporation operates in the logistics and supply chain industry, focusing on providing comprehensive logistics services. The company is involved in the transportation and distribution of goods, offering solutions to optimize supply chain operations for its clients.
Average Trading Volume: 311
Technical Sentiment Signal: Strong Buy
Current Market Cap: $47.45M
Learn more about JANL stock on TipRanks’ Stock Analysis page.