Fonar hires Laurel Hill to assist with $9M share buyback as only $200k repurchased to date

FONAR CORP

Fonar engaged Laurel Hill Advisory Group as Information Agent for its $9 million share repurchase program announced September 2022.
Through November 25, 2022, only approximately $200,000 of shares had been repurchased under the program.
CEO Timothy Damadian highlighted $119M current assets, $48M cash, and minimal liabilities, underscoring capacity for buybacks.
Laurel Hill will assist stockholders in participating in the program; repurchases at management's discretion based on market conditions.

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