Forian Inc. Completes $2.17‑per‑share Cash Buyout, Delists from Nasdaq

*TL;DR: Forian Inc. closed a cash buyout at $2.17 per share, accepted 6.44 million shares (about 91% of outstanding stock), and filed to delist from Nasdaq.

Context On May 15, 2026, Forian Inc., a Maryland‑incorporated company listed under the ticker FORA, announced the completion of its merger with 2025 Acquisition Company, LLC. The transaction followed a tender offer that began on April 16 and was extended through early May. The company filed a Form 8‑K with the U.S. Securities and Exchange Commission to report the event and to request removal of its shares from the Nasdaq Stock Market.

Key Facts - The offer price was set at $2.17 per share, payable in cash without interest and subject to tax withholding. - A total of 6,444,415 shares were tendered and not withdrawn, representing roughly 91% of all shares outstanding at the offer’s expiration. - The tender offer expired at 11:59 p.m. Eastern time on May 14, 2026; all conditions, including the minimum tender threshold, were satisfied. - Upon acceptance, the purchaser merged into Forian, making the latter a wholly owned subsidiary of the parent company. - The merger’s effective time coincided with the delisting request, ending Forian’s public trading on Nasdaq.

What It Means The cash transaction provides shareholders who tendered with a definitive payout of $2.17 per share, converting their equity into liquid cash. With 91% participation, the deal met the merger agreement’s threshold, allowing the parent to assume full control. Delisting removes Forian from the public market, reducing regulatory reporting burdens and signaling a shift to private ownership. Existing minority shareholders who did not tender may receive cash for their remaining shares under the merger’s terms, but the majority outcome consolidates ownership under the acquiring entity.

Looking Ahead Investors should monitor the parent company’s integration plan and any subsequent disclosures regarding the treatment of remaining Forian shares, as well as potential impacts on the broader sector’s consolidation trends.