FONAR receives non-binding take-private proposal from CEO-led group at 10%+ premium

FONAR CORP

Premium >=10% over 90-day avg closing price ending July 1, 2025; group owns 5.01% currently.
Board formed special committee of independent directors to review; no definitive agreement or assurance of deal.
Proposal led by CEO Timothy Damadian; includes certain management, board members, and third parties.
No shareholder action required now; company says proposal is preliminary and non-binding.

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