Forian Inc. 8K

Forian Inc. agreed to be taken private in a $68 million, all-cash going-private merger led by its CEO’s investor consortium, with minority stockholders to receive $2.17 per share and the deal expected to close in Q2 2026.

Forian Inc. announced that it has entered into a definitive merger agreement to be acquired and taken private in an all-cash transaction by an entity affiliated with a consortium of investors led by Chairman and CEO Max Wygod, together with certain other senior executives and existing stockholders. Under the agreement, Forian stockholders other than members of the consortium and their affiliates will receive $2.17 per share in cash, valuing the company’s equity at approximately $68 million and representing a 22.6% premium to the unaffected closing price on August 22, 2025. The consortium has delivered a binding commitment letter to provide all necessary funding, so the transaction is not subject to a financing condition, and consortium members have amended their prior August 25, 2025 agreement to further the transaction. A Special Committee of disinterested, independent directors formed on August 25, 2025 unanimously recommended the deal, and the full Board unanimously approved it and recommends that all stockholders tender into the offer. The transaction is expected to close in the second quarter of 2026, subject to a minimum tender condition and other customary closing conditions, after which Forian will become a private company, its shares will be delisted from Nasdaq, and it will continue operating under the Forian name from its Newtown, Pennsylvania headquarters with Max Wygod and the current leadership team remaining in place.

Filing Facts

CIK

1829280

Ticker

-

Form

8K

Source Type

sec

Accession

0001140361-26-013124

Alert Tier

8