Max C. Wygod and Consortium Enter Merger Agreement to Acquire Forian Inc. at $2.17 Per Share

On April 2, 2026, Max C. Wygod and a consortium of reporting persons entered into a definitive Agreement and Plan of Merger to acquire Forian Inc. (FORA). Under the terms of the agreement, 2025 Acquisition Corporation (an affiliate of Max Wygod) and its subsidiary, Bravo Merger Sub, Inc., will commence a tender offer to purchase all outstanding shares of Forian Inc. for $2.17 per share in cash. Following the offer, Merger Sub will merge into the company. In connection with the transaction, the reporting persons entered into Amendment No. 1 to their Consortium Agreement, requiring members to contribute their shares to the Parent entity prior to the offer. Additionally, the Wygod Family Revocable Living Trust provided an equity commitment letter for up to $5.5 million to fund the acquisition. Max C. Wygod reported beneficial ownership of 3,859,402 shares, representing 12.4% of the class. The merger is intended to result in Forian Inc. becoming a privately held, wholly-owned subsidiary of the Parent company.