---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-25-001734"
form_type: "8-K"
ticker: "FONR"
cik: "0000355019"
company_name: "FONAR CORP"
filed_at: "2025-12-30T23:59:59+00:00"
generated_at: "2026-05-16T12:03:04.753797+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FONAR Corporation enters into merger agreement to be taken private by CEO-led group at $19/share

## Summary
- Merger: CEO-led group to acquire Fonar at $19/sh common, $6.34 Class C, $10.50 Class A preferred.
- Financing: $45M debt (incl. $35M OceanFirst Bank) and $45M equity committed.
- Merger expected to close by March 12, 2026; subject to stockholder vote and other conditions.
- Stockholders with 6.6M votes (incl. high-vote Class C) committed to vote in favor via Voting Agreements.
- No-shop provision; termination fee $450k payable by Company in certain circumstances.

## SEC filing metadata
- accession: 0001731122-25-001734
- form_type: 8-K
- ticker: FONR
- cik: 0000355019
- company_name: FONAR CORP
- filed_at: 2025-12-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355019/000173112225001734/0001731122-25-001734-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355019/000173112225001734/fonar_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-25-001734
- JSON: https://secwatch.observer/filing/0001731122-25-001734.json
- Plain text: https://secwatch.observer/filing/0001731122-25-001734.txt

## Key facts
- Material Agreements
  FONAR CORP entered into Agreement and Plan of Merger with FONAR, LLC valued at $19.00 per share for Company Common Stock and Company Class B Common Stock; $6.34 per share for Comp (effective 2025-12-23).
  - Action: entry
  - Agreement: merger
  - Counterparty: FONAR, LLC
  - Value: $19.00 per share for Company Common Stock and Company Class B Common Stock; $6.34 per share for Comp
  - Effective: 2025-12-23
  source text: On December 23, 2025, FONAR Corporation, a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with FONAR, LLC, a Delaware limited liability company (“Parent”), and FONAR Acquisition Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), pursuant to which, subject to the satisfaction of the conditions set forth in the Merger Agreement, Parent will acquire all of the issued and outstanding shares of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/355019/000173112225001734/0001731122-25-001734-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.