Rubicon Technology Acquires Janel Group LLC

Rubicon Technology, Inc. (OTCQB: RBCN) has completed the acquisition of Janel Group LLC from Janel Corporation (OTCQX: JANL), making Janel Group a wholly owned subsidiary of Rubicon. The transaction was effected in exchange for 7,000,000 shares of Rubicon common stock, with Rubicon assuming approximately $23 million of Janel Group indebtedness and gaining access to $35 million in borrowing capacity; Janel Group (Garden City, New York) reported approximately $181.3 million of revenue for the 12 months ended June 30, 2025.