FONAR CORP (FONR) Form 8-K — Jun 3, 2026
FONAR Corporation (FONR) has completed its merger with FONAR, LLC, resulting in a change of control and the company becoming a wholly-owned subsidiary of the private parent entity. The transaction involved the cancellation of all outstanding public shares in exchange for cash consideration, effectively ending FONAR's status as a publicly traded company. Shareholders received $19.00 per share for Common and Class B stock, $6.34 for Class C stock, and $10.50 for Class A Non-voting Preferred Stock. In connection with the closing, the company secured a new credit agreement with OceanFirst Bank, N.A., consisting of a $20 million term loan and a $15 million revolving credit facility.
Key figures
- Debt Amount
- 35000000
- Deal Value Usd
- 20000000
- Term loan amount
- $20,000,000
- Revolving credit facility
- $15,000,000
- Merger consideration common
- $19.00 per share
- Merger consideration class b
- $19.00 per share
- Merger consideration class c
- $6.34 per share
- Merger consideration preferred
- $10.50 per share
Price after filing
Close on the filing date to close N calendar days later (from $19.09). Historical, not a forecast.
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.