M&A - FONAR CORP

Form Type: 8-K

Filing Date: 2025-07-09

Corporate Action: Acquisition

Type: New

Accession Number: 000035501925000042

Filing Summary: On July 9, 2025, FONAR Corporation announced through a press release that its CEO, Timothy Damadian, has proposed a potential acquisition transaction. This Proposed Acquisition Group, led by Damadian and including certain members from the management team and Board of Directors, aims to acquire all outstanding capital stock of the Company not currently owned by them. The acquisition offer is expected to be at a premium of no less than 10% over the average closing market price of FONAR's common stock for the 90 trading days prior to July 1, 2025. The details of this announcement are outlined in the attached press release, which forms part of this report.