Fonar discloses supplemental proxy details after shareholder litigation; vote May 28

FONAR CORP

Voluntarily supplements proxy statement to address shareholder allegations of inadequate disclosure in going-private merger with CEO Timothy Damadian.
Supplement includes additional background on Special Committee process and financial projections used in fairness opinion.
Adjusted book value liquidation scenario yields fair value of $14.63/share with 6.64M fully diluted shares.
Special meeting to vote on merger scheduled for May 28, 2026; Fonar denies allegations and says original disclosures comply with law.
Disclosures cover no-don't-ask-don't-waive standstill provisions and minority interest adjustment of 29.37%.

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