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Forian Receives Unsolicited Proposal to be Taken Private at $2.10 Per Share
ByAinvest
Monday, Aug 25, 2025 2:35 pm ET1min read
Forian Inc. has received an unsolicited proposal to take the company private at $2.10 per share from its founder and CEO, Max Wygod. Wygod and other inside directors own around 63% of the company's common stock. The proposal is preliminary, non-binding, and the board is reviewing the offer.
Forian Inc. (NASDAQ: FORA), a leading provider of data science-driven information and analytics solutions, has received an unsolicited, preliminary, non-binding proposal from a group led by its founder, Executive Chairman, and Chief Executive Officer, Max Wygod. The proposal, dated August 25, 2025, seeks to take the company private at a purchase price of $2.10 per share [1].Wygod and other inside directors, including Adam Dublin and Shahir Kassam-Adams, own approximately 63% of the company's common stock. The proposal is subject to several conditions, including the receipt of financing, the negotiation and execution of employment agreements, and the approval of the proposal by the company's Special Committee and a majority of the shares of common stock [1].
The Special Committee, consisting of independent directors, will evaluate the proposal and determine the appropriate course of action. The company has not undertaken any obligation to provide updates on this or any other transaction, except as required under applicable law [1].
Forian provides a unique suite of data management capabilities and proprietary information and analytics solutions to optimize and measure operational, clinical, and financial performance for customers within the life sciences, healthcare, and financial services industries [1]. The company's recent acquisition of Kyber Data Science has further enhanced its capabilities in these sectors [1].
The proposal, if successful, would address the company's low float, which can depress liquidity and slow the recognition of value in the markets. It would also provide public stockholders with immediate liquidity and certainty of value at a premium to current trading levels [1].
The company's Board of Directors has not yet made a decision on the proposal, and there is no assurance that a definitive offer will be received or that the transaction will be approved or consummated. The proposal is a non-binding expression of interest only and does not constitute an offer to purchase the company or any securities or assets of the company [1].
Reference(s):
[1] https://finance.yahoo.com/news/forian-receives-unsolicited-proposal-ceo-170105486.html
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