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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000355019-08-000024.txt : 20081015
<SEC-HEADER>0000355019-08-000024.hdr.sgml : 20081015
<ACCEPTANCE-DATETIME>20081015120735
ACCESSION NUMBER:		0000355019-08-000024
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081009
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20081015
DATE AS OF CHANGE:		20081015

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FONAR CORP
		CENTRAL INDEX KEY:			0000355019
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				112464137
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-10248
		FILM NUMBER:		081124390

	BUSINESS ADDRESS:	
		STREET 1:		110 MARCUS DR
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
		BUSINESS PHONE:		6316942929

	MAIL ADDRESS:	
		STREET 1:		110 MARCUS DRIVE
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>k8k81015.txt
<TEXT>
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

          Pursuant to Section 13 or 15(d) of the Securities Act of 1934

        Date of Report (Date of earliest event reported): October 9, 2008

                                FONAR CORPORATION
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


    Delaware                      0-10248                     11-2464137
- ---------------             ----------------             -------------------
(State or other             (Commission File              (I.R.S. Employer
jurisdiction of                  Number)                 Identification No.)
incorporation)

                                110 Marcus Drive
                            Melville, New York 11747
                                 (631) 694-2929
               ---------------------------------------------------
               (Address, including zip code, and telephone number
                   of registrant's principal executive office)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[  ] Written  communications  pursuant  to Rule 425 under the Securities Act (17
     CFR230.425)

[  ] Soliciting  material  pursuant  to Rule  14a-12 under  the Exchange Act (17
     CFR240.14a-12)

[  ] Pre-commencement  communications   pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under   the
     Exchange Act (17 CFR 240.13e-4(c)

Item 3.01(a) Notice of Delisting or Failure to Satisfy a Continued  Listing Rule
or Standard; Transfer of Listing.

     On October 9, 2008,  the  Company  received  an  additional  notice of non-
compliance  from The  NASDAQ  Stock  Market LLC based  upon the  Company's  non-
compliance with the minimum stockholders' equity requirement of $2.5 million for
continued  listing  on The  NASDAQ  Capital  Market,  as  set  forth  in  NASDAQ
Marketplace Rule 4310(c)(3) (the "Stockholders' Equity Requirement"),  as of the
fiscal year ended June 30, 2008,  which could serve as an  additional  basis for
delisting of the Company's securities from The NASDAQ Capital Market.

     As previously announced,  on July 8, 2008, the Company received a notice of
non-compliance  from  NASDAQ due to the  Company's  failure to satisfy the proxy
solicitation  and annual meeting  requirements  set forth in  Marketplace  Rules
4350(g) and  4350(e),  respectively.  In  response  to the first  notice of non-
compliance, the Company requested and attended a hearing before a NASDAQ Listing
Qualifications  Panel (the  "Panel") at which the Company  presented its plan to
regain compliance with those requirements. Pursuant to the plan presented to the
Panel,  on October 8, 2008, the Company filed a definitive  proxy  statement for
the annual  shareholders  meeting to be held on November 17, 2008. The Panel has
not yet rendered a determination as a result of the hearing.

     As provided by NASDAQ's  most recent  notice,  the Company  plans to make a
written  submission to the Panel  presenting its plan to regain  compliance with
the  Stockholders'  Equity  Requirement.  While the Company is hopeful  that the
Panel will grant its request for  continued  listing on NASDAQ,  there can be no
assurance that the Panel will do so.

     On October 15, 2008, the Company  issued a press release,  attached to this
Current Report as Exhibit 99.1, announcing the matters described above.


ITEM 9.01           FINANCIAL STATEMENTS AND EXHIBITS.

Exhibits      Description

99.1          Press Release dated October 15, 2008, of Fonar Corporation*

* Filed herewith


                                   SIGNATURES

Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                                FONAR CORPORATION
                                                (Registrant)

                                                By: /s/ Raymond Damadian
                                                    Raymond Damadian
                                                    President and Chairman


Dated:   October 15, 2008
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>x99-1015.txt
<TEXT>
Exhibit 99.1

================================================================================
================================================================================
                                FONAR CORPORATION

Fonar MRI news @ aol . com                               Inventor of MR Scanning
For    Immediate   Release                               An   ISO  9001  Company

Contact:    Daniel  Culver                               110    Marcus     Drive
Director of Communications                               Melville,   N.Y.  11747
Web site:    www.fonar.com                               Tel:    (631)  694-2929
Email:invest2007@fonar.com                               Fax:    (631)  390-1709
================================================================================

                          FONAR RECEIVES NASDAQ NOTICE

     MELVILLE, New York, October 15, 2008 - FONAR Corporation (NASDAQ-FONR), the
Inventor  of MR  Scanning(TM),  today  announced  that on October  9, 2008,  the
Company received an additional  notice of  non-compliance  from The NASDAQ Stock
Market  LLC  based  upon  the   Company's   non-compliance   with  the   minimum
stockholders'  equity  requirement of $2.5 million for continued  listing on The
NASDAQ Capital Market,  as set forth in NASDAQ  Marketplace Rule 4310(c)(3) (the
"Stockholders' Equity  Requirement"),  at June 30, 2008, which could serve as an
additional  basis for  delisting  of the  Company's  securities  from The NASDAQ
Capital Market.

     As previously announced,  on July 8, 2008, the Company received a notice of
non-compliance  from  NASDAQ due to the  Company's  failure to satisfy  NASDAQ's
proxy  solicitation  and annual meeting  requirements.  In response to the first
notice of  non-compliance,  the Company  requested and  subsequently  attended a
hearing before a NASDAQ Listing Qualifications Panel (the "Panel"), at which the
Company  presented  its  plan to  regain  compliance  with  those  requirements.
Pursuant to the plan  presented  to the Panel,  on October 8, 2008,  the Company
filed a definitive proxy statement for the annual shareholders meeting, which is
scheduled  to be held on November  17,  2008.  The Panel has not yet  rendered a
determination as a result of the hearing.

     As provided by NASDAQ's  most recent  notice,  the Company  plans to make a
written  submission to the Panel  presenting its plan to regain  compliance with
the  Stockholders'  Equity  Requirement.  While the Company is hopeful  that the
Panel will grant its request for  continued  listing on NASDAQ,  there can be no
assurance that the Panel will do so.

________________________________________________________________________________

     Be sure to visit FONAR's Website for product and investor information:
                                  www.fonar.com

                                        #

This release may include forward-looking statements from the company that may or
may not materialize.  Additional  information on factors that could  potentially
affect the company's  financial results may be found in the company filings with
the Securities and Exchange Commission.

                                       ###
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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