FONAR receives non-binding take-private proposal from CEO-led group at ≥10% premium to 90-day avg

FONAR CORP

CEO Timothy Damadian leads Proposed Acquisition Group to acquire all outstanding shares not currently owned at ≥10% premium to 90-day average closing price prior to July 1, 2025.
Group currently beneficially owns approximately 5.01% of FONAR outstanding stock.
Board forms special committee of independent disinterested directors to review the proposal and determine action in best interests of Company and shareholders.
No shareholder action required at this time; no assurance that any definitive agreement will be reached or transaction consummated.

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