Fonar Corporation's Special Committee of the Board of Directors has confirmed receipt of a supplemental proposal from the Proposed Acquisition Group led by Timothy Damadian. The group is considering acquiring all outstanding shares of FONAR not already owned by them at $17.25 per share in cash. This proposed share price represents a 27% premium over the average closing price for the 90-day trading period ending June 30, 2025. The Special Committee is reviewing the proposal with independent financial and legal advisors. There is no assurance that any agreement will be reached or that the proposed transaction will be finalized.
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