10% Owner Buys $5.1M FONAR Shares Above Go-Private Merger Price
FONR sits 40% above its 52-week low of $13.62 on elevated volume (4.9× avg).
Summary
A 10% owner acquired over $5 million in FONAR shares at $19.05, just above the $19.00 go-private merger price, on the day the merger was approved by shareholders.
Key Events · Ownership and Investor Activity · FONR
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Significant Insider Purchase
Hilary Shane, a 10% owner, purchased 267,339 shares of common stock for a total value of $5,092,808.
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Purchase Above Merger Price
The shares were acquired at an average price of $19.05, which is slightly above the $19.00 per share price of the approved go-private merger.
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Coincides with Merger Approval
The purchases occurred on May 28-29, 2026, coinciding with the shareholder approval of the company's go-private merger on May 29, 2026.
Analysis · FONR · Industrial Applications And Services
This significant insider purchase by a 10% owner is notable, especially as it occurred at $19.05 per share, which is above the $19.00 per share price of the recently approved go-private merger. The timing, coinciding with the merger's approval, suggests a strategic move by the insider, potentially indicating a belief in a higher valuation or an arbitrage play related to the merger's final terms. This transaction adds an unusual dynamic to the company's impending privatization.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 966 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FONR was trading at $19.09 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $119.9M. The 52-week trading range was $13.62 to $19.11. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.