Forian Inc. Acquired by Parent Company at $2.17 Per Share

Context Forian Inc. is a Maryland‑based firm listed on the Nasdaq under ticker FORA. It operates as an emerging growth company, filing regular reports with the SEC. Prior to the acquisition, its shares were publicly traded and subject to standard market fluctuations.

Key Facts The parent launched a tender offer on April 16, 2026, to purchase any and all of Forian’s common stock at $2.17 per share in cash. By the expiration date, 6,444,415 shares had been validly tendered, representing approximately 91% of the total outstanding shares. Using that figure, the total shares outstanding are about 7.08 million, giving the transaction an implied market capitalization of roughly $15.4 million. The acquisition was completed on May 15, 2026, when the purchaser merged into Forian under Maryland law, making Forian a wholly owned subsidiary of the parent.

What It Means Shareholders who tendered received cash at a fixed price, eliminating further exposure to FORA’s stock price movements. The parent now controls the vast majority of Forian’s voting power, allowing it to consolidate financial statements and streamline operations. Market watchers should monitor how the parent integrates Forian’s business, any potential delisting of FORA from Nasdaq, and the impact on the parent’s quarterly earnings reports.