Proposed Take-Private Acquisition of Forian Inc.

A consortium led by Max Wygod, CEO and Executive Chair of Forian Inc., has submitted a non-binding proposal to acquire all outstanding shares of Forian Inc. not currently owned by the consortium for $2.10 per share in cash. The consortium, which includes several entities and individuals, currently holds a majority of the company's shares. The proposed transaction aims to address issues such as low liquidity, valuation disparity, and the administrative burden of being a public company. The transaction would be structured as a two-step process involving a tender offer followed by a merger. Financing is expected to come from personal resources, third-party financing, and the company's net cash at closing. The proposal is subject to customary due diligence and the approval of a special committee of the board of directors.