Rubicon Technology to acquire Janel Group for $4.75 per share

Rubicon Technology (OTC:RBCN [https://seekingalpha.com/symbol/RBCN]) to acquire [https://seekingalpha.com/pr/20207363-rubicon-technology-inc-to-acquire-janel-group-llc]New York-based Janel Group, which had revenues of about $181.3 million and operating income of approximately $8.7 million for the 12 months ended June 30, 2025.

The company is a non-asset-based, full-service provider of cargo transportation logistics management services. Its management team will remain in place as part of Rubicon.

Janel will sell all of the issued and outstanding equity of Janel Group to Rubicon in exchange for 7,000,000 shares of Rubicon (OTC:RBCN [https://seekingalpha.com/symbol/RBCN]) common stock at a value of $4.75 per share.

Rubicon will assume approximately $23 million of Janel's indebtedness and net working capital liabilities and gain access to a total of $35 million in borrowing capacity as part of a revolving credit facility under Janel Corp’s existing credit line.

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* Financial information for Rubicon [https://seekingalpha.com/symbol/RBCN/income-statement]