- **Rubicon Technology, Inc. completed the acquisition of Janel Group LLC from Janel Corporation on October 14, 2025**, making Janel Group a wholly owned subsidiary of Rubicon.  **[1133062_0001140361-25-038104_ef20057034_ex99-1.htm:0]** **[1133062_0001140361-25-038104_ef20057034_8k.htm:1]** 
- In exchange, **Janel Corp received 7,000,000 shares of Rubicon common stock valued at $4.75 per share**, and Rubicon assumed approximately **$23 million in Janel Group indebtedness and net working capital liabilities**.  **[1133062_0001140361-25-038104_ef20057034_ex99-1.htm:0]** **[1133062_0001140361-25-038104_ef20057034_8k.htm:1]** 
- Following the transaction, **Janel Corp's ownership in Rubicon increased from approximately 46.6% to 86.5%** of Rubicon's common stock.  **[1133062_0001140361-25-038104_ef20057034_ex99-1.htm:0]** **[1133062_0001140361-25-038104_ef20057034_8k.htm:1]** 
- Janel Corp intends to launch a **tender offer on or about October 16, 2025, to acquire an additional 426,000 shares of Rubicon common stock at $4.75 per share in cash**, which would bring its total ownership to approximately **91.0%**.  **[1133062_0001140361-25-038104_ef20057034_ex99-1.htm:0]** **[1133062_0001140361-25-038104_ef20057034_8k.htm:3]** 
- For the 12-month period ended June 30, 2025, **Janel Group LLC generated approximately $181.3 million in revenues and $8.7 million in operating income**.  **[1133062_0001140361-25-038104_ef20057034_ex99-1.htm:0]**

Janel Corp's Janel Group LLC Acquired by Rubicon Technology, Inc.

- Rubicon Technology, Inc. has completed the acquisition of **Janel Group LLC**, making Janel Group a wholly owned subsidiary of Rubicon.  **[1133062_20251014NY97557:0]** 
- For the **12-month period ended June 30, 2025**, Janel Group reported revenues of approximately **$181.3 million** and operating income of approximately **$8.7 million**.  **[1133062_20251014NY97557:0]** 
- Janel Corp received **7,000,000 shares of Rubicon common stock** valued at **$4.75 per share** for Janel Group, and Rubicon assumed approximately **$23 million** of Janel Group indebtedness.  **[1133062_20251014NY97557:0]** 
- Following the transaction, Janel Corp's ownership in Rubicon increased from approximately **46.6 percent** to approximately **86.5 percent** of Rubicon's common stock.  **[1133062_20251014NY97557:0]** 
- Janel Corp expects to make a tender offer for an additional **426,000 shares of Rubicon stock** at **$4.75 per share in cash**, which would increase its ownership to approximately **91.0%** of Rubicon's common stock outstanding.  **[1133062_20251014NY97557:0]**

JANEL (JANL)