FONAR (FONR) Company Report

Brodsky & Smith is investigating the proposed acquisition of FONAR Corporation (Nasdaq - FONR).
Under the Merger Agreement, FONAR will be acquired by FONAR, LLC and FONAR Acquisition Sub, Inc. for $19.00 per share in an all-cash transaction.
The investigation concerns whether the FONAR Board breached its fiduciary duties to shareholders by failing to conduct a fair process and if the deal consideration provides fair value.

4 days ago

FONAR Corporation Acquisition Under Investigation

FONR

M&A

Legal Proceedings

Takeover Bid

FONAR Corporation is currently under investigation by Brodsky & Smith concerning its pending acquisition.
The company is slated to be acquired by FONAR, LLC and FONAR Acquisition Sub, Inc. for $19.00 per share in an all-cash transaction.
The investigation focuses on whether the FONAR Board breached its fiduciary duties to shareholders and if the deal consideration provides fair value.

Jan 5, 2026, 4:14 PM

FONAR Corporation Agrees to Take-Private Sale Led by CEO

FONR

M&A

Delisting/Listing Issues

Takeover Bid

FONAR Corporation (FONR) entered into a definitive agreement on December 23, 2025, for a "take private" sale to an acquisition group led by CEO Timothy Damadian.
Common stockholders will receive $19.00 per share in cash, representing a 31.5% premium to the closing share price on the last trading day prior to the transaction announcement.
The transaction is anticipated to close in the third fiscal quarter of 2026 and requires approval from stockholders, including a majority of disinterested stockholders.
Following the completion of the transaction, FONAR's common stock will be delisted from the Nasdaq Stock Market.

Dec 30, 2025, 1:56 AM

FONAR Announces Q1 Fiscal 2026 Financial Results and Update on Going Private Transaction

FONR

Earnings

Share Buyback

Takeover Bid

FONAR Corporation reported a 4% increase in Total Revenues - Net to $26.0 million for the first quarter of Fiscal 2026, which ended September 30, 2025, compared to the corresponding quarter one year earlier.
Despite revenue growth, Income from Operations decreased 30% to $3.2 million, Consolidated Net Income decreased 33% to $2.7 million, and Diluted Net Income per Common Share decreased 26% to $0.34 for the quarter ended September 30, 2025.
Cash and cash equivalents decreased 4% to $54.3 million at September 30, 2025, compared to June 30, 2025.
The company's stock repurchase plan, under which over 283,770 shares were purchased at a cost of $6.1 million, remains suspended due to ongoing negotiations for a potential going private transaction.

Nov 12, 2025, 7:05 PM

FONAR Reports Fiscal 2025 Financial Results

FONR

Earnings

Share Buyback

Takeover Bid

FONAR reported Fiscal Year 2025 financial results with Total Revenues - Net increasing 1% to $104.4 million, but Net Income decreased 24% to $10.7 million and Diluted Net Income per Common Share decreased 20% to $1.23 compared to the previous fiscal year.
Income from Operations for the fiscal year ended June 30, 2025, decreased 30% to $11.6 million.
The company's diagnostic imaging management subsidiary, HMCA, achieved a record scan volume of 216,317 in Fiscal 2025, representing a 3.3% increase over Fiscal 2024.
Selling, General and Administrative (SG&A) expenses increased 11% to $29.7 million for Fiscal 2025, primarily due to a $2.3 million reserve related to risk exposure with a New York-based motor vehicle insurer.
FONAR has temporarily suspended its stock repurchase plan as of July 18, 2025, due to a potential "Take Private" transaction.

Sep 12, 2025, 8:23 PM

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