FONAR Corporation has agreed to a management-led buyout in which affiliates of CEO Timothy Damadian and certain executives will acquire Class B shares at $19.00 each and Class C shares at $6.34 each. This valuation creates a distinct pricing structure between the two share classes.

An investor rights firm has launched an inquiry into potential breaches of fiduciary duty, highlighting that insiders may secure benefits not extended to ordinary shareholders. The investigation will examine whether the deal terms unduly limit superior competing offers and if disclosure practices were adequate.

Shareholders are being encouraged to assess their rights and may seek increased transaction consideration, additional disclosures or other relief. The firm handling the case operates on a contingent fee basis, ensuring no out-of-pocket legal fees unless shareholders recover benefits.