[8-K] Fonar Corporation Reports Material Event
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01: Other Events
On July 9, 2025, FONAR Corporation. (the “Company”) issued a press release announcing that it had received a letter from Timothy Damadian, its Chief Executive Officer, proposing a potential transaction in which a Proposed Acquisition Group led by Timothy Damadian, and consisting of certain members of the management team and Board of Directors of FONAR Corporation and third parties would acquire all of the Company’s outstanding capital stock that it does not currently own. The price per share is anticipated to be “at a premium of no less than 10% to the average closing market price of FONAR’s common stock for the 90 trading days immediately preceding July 1, 2025”.
The press release is attached to this report as Exhibit 99.1 and is incorporated herein by reference.
Exhibits:
99.1 Press Release dated July 9, 2025.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FONAR CORPORATION
(Registrant)
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By /s/ Timothy R. Damadian
Timothy R. Damadian
President and CEO
Dated: July 9, 2025
