The Special Committee of the Board of Directors of FONAR Corporation (FONR), The Inventor of MR Scanning, has received a supplemental proposal letter dated July 17, 2025, from the Proposed Acquisition Group led by Timothy Damadian.
The letter indicates that the group is considering a plan to acquire all outstanding shares of FONAR Corporation not currently owned by them, offering $17.25 per share in cash.
FONAR Corporation cautions shareholders and others about trading its securities, noting the company has just received the proposal and has made no decisions regarding a response.
