secwatch.observer — SEC 8-K summary
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Issuer:     FONAR CORP (FONR)
CIK:        0000355019
Form:       8-K
Filed at:   2025-12-30T23:59:59+00:00
Accession:  0001731122-25-001734
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355019/000173112225001734/0001731122-25-001734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355019/000173112225001734/fonar_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-25-001734

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