FONAR Corporation, known as the inventor of MR Scanning™, has announced that its board of directors received a preliminary, non-binding proposal from a Proposed Acquisition Group. This group, led by Timothy Damadian and involving certain members of FONAR's management team and board, along with third parties, intends to acquire all outstanding capital stock of FONAR not currently owned by them. The offer suggests a purchase price at a premium of no less than 10% above the average closing market price of FONAR's common stock over the 90 trading days leading up to July 1, 2025. Currently, the Proposed Acquisition Group owns approximately 5.01% of FONAR's stock. A special committee of independent and disinterested board members has been formed to review this proposal.