secwatch.observer — SEC 8-K summary
======================================

Issuer:     FONAR CORP (FONR)
CIK:        0000355019
Form:       8-K
Filed at:   2026-06-03T20:11:33+00:00
Accession:  0001193125-26-255449
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FONAR completes going-private merger; stockholders receive $19.00–$10.50 per share
--------------------------------------------------------------------------------

- Common and Class B common holders get $19.00/share; Class C gets $6.34; Class A preferred gets $10.50.
- Parent entered $20M term loan and $15M revolver with OceanFirst Bank to finance the transaction.
- Nasdaq listing suspended as of June 3, 2026; Form 15 will be filed to deregister common stock.
- Directors Ronald G. Lehman II, Richard E. Turk, Jessica Maher, Robert M. Carrino resigned effective at closing.
- Certificate of incorporation amended and restated; company now wholly owned subsidiary of FONAR, LLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355019/000119312526255449/0001193125-26-255449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355019/000119312526255449/d121091d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-255449

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer