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Fonar to Be Taken Private in Insider-Led Merger

Story Highlights
  • FONAR agreed to a December 23, 2025 insider-led cash merger that will take it private.
  • Deal offers fixed per-share cash payouts, needs disinterested shareholder and regulatory approvals before delisting.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fonar to Be Taken Private in Insider-Led Merger

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Fonar ( (FONR) ) just unveiled an update.

On December 23, 2025, FONAR Corporation entered into a merger agreement under which FONAR, LLC, an acquisition vehicle led by CEO Timothy Damadian and other company insiders, will acquire all outstanding FONAR shares and take the company private via a cash transaction that values common and Class B shares at $19.00, Class C shares at $6.34 and Class A preferred shares at $10.50. An independent special committee and the disinterested board members unanimously deemed the deal fair and in the best interests of stockholders, and the transaction—backed by a $35 million bank facility, at least $10 million of additional debt financing and at least $45 million of equity commitments—remains subject to approval by both a majority of all voting shares and a separate majority of disinterested shareholders, as well as regulatory clearances, after which FONAR’s stock would be delisted from Nasdaq and deregistered, shifting control firmly to the insider-led buyer group and eliminating public-market liquidity for current investors.

The most recent analyst rating on (FONR) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on Fonar stock, see the FONR Stock Forecast page.

Spark’s Take on FONR Stock

According to Spark, TipRanks’ AI Analyst, FONR is a Neutral.

Fonar’s overall stock score is primarily influenced by its mixed financial performance and bearish technical indicators. While the company shows strong profitability and a stable balance sheet, the decline in revenue and cash flow growth is concerning. Technical analysis indicates bearish momentum, which could pressure the stock price. The valuation is reasonable, providing some support to the overall score.

To see Spark’s full report on FONR stock, click here.

More about Fonar

FONAR Corporation operates in the medical imaging industry, focused on the development, manufacture and servicing of MRI scanners and related diagnostic imaging technologies for healthcare providers, with a market presence centered on specialized MRI systems and associated services.

Average Trading Volume: 24,290

Technical Sentiment Signal: Strong Sell

Current Market Cap: $91.18M

For detailed information about FONR stock, go to TipRanks’ Stock Analysis page.

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