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Fonar Corporation
As of May 30, 2026 at 24:05 UTC
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About Fonar Corporation
Fonar Corp is a United States-based company which is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilize MRI technology for the detection and diagnosis of human disease, abnormalities, other medical conditions, and injuries. The company operates through two segments namely Manufacturing and servicing of medical equipment; and the Management of diagnostic imaging centers, which generates a vast majority of the revenue.
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Latest News
5 articlesHalper Sadeh LLC, an investor rights law firm, is investigating three companies for potential securities law violations and breaches of fiduciary duties. BT Brands is merging with Aero Velocity with shareholders receiving ~11% of the combined entity. KORE is being sold to Searchlight Capital Partners and Abry Partners for $9.25/share. FONAR is being sold to affiliates of CEO Timothy Damician and executives for $19.00/share (Class B) and $6.34/share (Class C). The firm is seeking increased consideration and additional disclosures on behalf of shareholders.
Halper Sadeh LLC, an investor rights law firm, is investigating Select Medical Holdings Corporation, FONAR Corporation, and NorthWestern Energy Group for potential violations of federal securities laws and breaches of fiduciary duties. The firm is examining whether shareholders are receiving fair consideration in proposed transactions involving company insiders and executives.
Investor rights law firm Halper Sadeh LLC is investigating four companies for potential securities law violations and breaches of fiduciary duties related to their proposed sales. The investigations focus on whether insiders are receiving preferential financial benefits and whether transaction terms may limit competing offers for Day One Biopharmaceuticals, Select Medical Holdings, European Wax Center, and FONAR Corporation.
Halper Sadeh LLC, an investor rights law firm, is investigating three companies for potential securities law violations and breaches of fiduciary duties. NCR Atleos Corporation is being acquired by The Brink's Company for $30.00 cash plus stock; KORE Group Holdings is being sold to Searchlight Capital Partners and Abry Partners for $9.25 per share; and FONAR Corporation is being sold to affiliates of its CEO and executives for $19.00-$6.34 per share depending on share class. The firm is seeking increased consideration and additional disclosures on behalf of shareholders.
Kaskela Law LLC has initiated investigations into three companies on behalf of shareholders. BARK, Inc. has experienced a 60% stock price decline since February 2025, prompting an investigation into potential securities law violations and breach of fiduciary duties. The firm is also investigating Marblegate Capital Corp. and a proposed buyout of FONAR Corp. shareholders.
