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Investor Frequently Asked Questions

What is the stock symbol of FONAR Corporation Common Stock?
What exchange is it traded on?
What is the new CUSIP number for FONR Common Stock after the reverse split?
What is the old CUSIP number for FONR Common Stock before the reverse split?
What is the new CUSIP number for FONR Class A Non-voting Preferred Stock after the reverse split?
What is the old CUSIP number for FONR Class A Non-voting Preferred Stock before the reverse split?
Can one buy or sell stock directly through the Company?
Who is FONAR’s transfer agent and handles issues regarding stock certificates?
How may I contact ComputerShare Investor Services?
Does the Non-voting Class A Preferred Stock have any value?
Can the Non-voting Class A Preferred stock be sold or bought?
What was the record date for the issuance of the Class A Non-voting Preferred Stock?
Why were the dividend payments made?
Will there be anymore dividend payments?
What are the details regarding the 1998 stock dividend?
What are the details regarding the 1998 and 1999 cash dividends?
What are the details regarding the 1 for 25 reverse stock split?

 

Q: What is the stock symbol of FONAR Corporation Common Stock?

A: FONR

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Q: What exchange is it traded on?

A: NASDAQ Capital Market

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Q: What is the new CUSIP number for FONR Common Stock after the reverse split?

A: 344437 405

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Q: What is the old CUSIP number for FONR Common Stock before the reverse split?

A: 344437 108

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Q: What is the new CUSIP number for FONR Class A Non-voting Preferred Stock after the reverse split?

A: 344437 504

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Q: What is the old CUSIP number for FONR Class A Non-voting Preferred Stock before the reverse split?

A: 344437 306

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Q: Can one buy or sell stock directly through the Company?

A: No. Shares of FONAR can be bought and sold through a registered securities broker/dealer.

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Q: Who is FONAR’s transfer agent and handles issues regarding stock certificates?

A: FONAR uses Computershare Investor Services. (formerly American Securities Transfer & Trust, Inc.) to handle stock certificates and issues relating to the certificates in order to give you the best service. Therefore, for issues regarding certificates, please deal with them directly. If you have a change in your name or address, have lost your certificates, have an issue regarding an estate, or another problem with your stock certificate, please contact Computershare. Many issues may be handled from the Website, via U.S. mail, or e-mail. For instance, to change an address, please send them the name, new and old address, and social security number. Computershare will communicate to you if any additional information is required or a fee is required.

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Q: How may I contact ComputerShare Investor Services?

A:
Website: www.computershare.com
Telephone: 800-962-4284

Mailing Addresses:

For regular delivery:
Computershare, Inc.
P.O. Box 43078
Providence, RI 02940

For overnight delivery:
Computershare, Inc.
250 Royall Street
Canton, MA 02021

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Q: Does the Non-voting Class A Preferred Stock have any value?

A: The terms of the Preferred Stock are similar to those of Common Stock, except that the Preferred has different dividend rights and no voting rights. FONAR's Class A Non-Voting Preferred Stock has received four dividends of $0.62 per share. Although there is no public market for Class A Non-Voting Preferred Stock, at some point in the future it is possible that it will become publicly traded.

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Q: Can the Non-voting Class A Preferred stock be sold or bought?

A: Yes, but only if done so privately. The Class A Non-Voting Preferred Stock is not qualified or registered for trading on the NASDAQ system or any exchange at this time and there is no known market. The financial markets do not post a price.

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Q: What was the record date for the issuance of the Class A Non-voting Preferred Stock?

A: The Company issued Class A Non-Voting Preferred Stock to owners of record of the Common Stock as of October 20, 1995. The amount given was at a ratio of one share of Preferred Stock for every 5 shares of Common Stock.

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Q: Why were the dividend payments made?

A: The dividend payments were the result of FONAR's successful enforcement of the Company's patents.

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Q: Will there be any more dividend payments?

A: Additional dividends may be paid depending on the proceeds received from the enforcement of the Company's patents.

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Q: What are the details regarding the 1998 stock dividend?

A:

Record Date Payment Date Common Stock Dividend
Oct. 20, 1995 April 13, 1998 5.7 (rounded) new shares for each 100 shares

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Q: What are the details regarding the 1998 and 1999 cash dividends?

A:

Record Date Payment Date Common Class A Preferred Tax Status
May 15, 1998 May 26, 1998 $0.022832 $0.312568 ordinary dividends
Sep. 17, 1998 Sep. 25, 1998 $0.007602 $0.104189 nontaxable distributions
Dec. 16, 1998 Dec. 28, 1998 $0.007594 $0.104189 nontaxable distributions
Mar. 16, 1999 Mar. 28, 1999 $0.007594 $0.104189 nontaxable distributions

 

 

 

 

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Q: What are the details regarding the 1 for 25 reverse stock split?

FONAR effected a reverse stock split at a ratio of 1:25 (one new share for every 25 shares) of its outstanding Common Stock and all other classes of its outstanding stock, effective as of April 17, 2007. The reason the Company implemented the reverse stock split was to retain its listing on NASDAQ. At a hearing held before the NASDAQ Listing Qualifications Panel (“Panel”) on February 15, 2007, FONAR’s request for continued listing on The NASDAQ Stock Market was granted, subject to the condition that on or before May 1, 2007, the Company must have evidenced a closing bid price of $1.00 or more for a minimum of ten consecutive trading days. The Panel’s decision was based on its determination that the reverse stock split to be presented at the Annual Meeting on April 16, 2007, when implemented, would be likely to cure the bid price deficiency and allow the Company to maintain compliance for the longer term. Following the reverse stock split, the NASDAQ Listing Qualifications Panel found the Company to be in full compliance with its listing requirements, including its share price, and the post-split price performance of FONAR shares.

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