FONAR CORP to go private in $90M insider-led buyout at $19.00 per share
FONR sits 55% above its 52-week low of $12 on elevated volume (2.8× avg).
Summary
FONAR CORP has entered into a definitive merger agreement to be acquired by an insider-led acquisition group for $19.00 per share in cash, leading to the company's delisting from Nasdaq.
Key Events · M&A and Partnerships · FONR
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Definitive Merger Agreement Signed
FONAR CORP has entered into a definitive merger agreement with FONAR, LLC, an acquisition group led by CEO Timothy Damadian, to take the company private.
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Cash Acquisition at Premium
Shareholders will receive $19.00 per share in cash for their common stock, which is a premium over the current trading price of $18.54 and above the 52-week high of $18.86.
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Insider-Led Buyout
The acquisition group includes the CEO, COO, and other executives and directors, who will roll over their equity into the new private entity.
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Financing Secured
The acquisition is supported by $35 million in bank debt, $10 million in subordinated notes, and $45 million in equity commitments, totaling $90 million.
Analysis · FONR · Industrial Applications And Services
This Schedule 13D/A announces a definitive agreement for FONAR CORP to be taken private by an acquisition group led by its CEO, Timothy Damadian, and other insiders. The offer price of $19.00 per share in cash represents a premium to the current market price and is above the company's 52-week high, providing a favorable exit for public shareholders. The transaction is fully financed with a combination of debt and equity, indicating a high likelihood of completion. The company's stock will cease to be publicly traded, fundamentally altering the investment landscape for current shareholders. The unanimous recommendation by a special committee of independent directors and the disinterested members of the Board underscores the fairness of the transaction.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 42.7% of the 288 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.53%. 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 $18.54 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $117M. The 52-week trading range was $12.00 to $18.86. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.