Forian Inc. Completes Tender Offer and Merger, Stock to Be Delisted from Nasdaq
Forian Inc. has finalized its acquisition by 2025 Acquisition Company, LLC, with shareholders receiving $2.17 per share, and the company's common stock will cease trading on Nasdaq.
Forian Inc. (Nasdaq: FORA), a provider of data analytics and information solutions, announced the successful completion of its cash tender offer and subsequent merger with Bravo Merger Sub, Inc., a wholly owned subsidiary of 2025 Acquisition Company, LLC. The transaction, valued at $2.17 per share in cash, marks the end of Forian's tenure as a publicly traded company and its transition to private ownership.
The tender offer expired on May 14, 2026, with 6,444,415 shares validly tendered, which, combined with the 21,887,631 shares already owned by the buyer parties, satisfied the minimum condition for the merger. Following the acceptance of tendered shares, the merger was completed on May 15, 2026, under Maryland law without a stockholder vote.
As a result, Forian's common stock will cease trading on the Nasdaq Stock Market before market open on May 15, 2026. The company has requested that Nasdaq file a Form 25 with the SEC to delist the stock, and it will file a Form 15 to terminate its registration under the Securities Exchange Act of 1934, suspending its reporting obligations.
This acquisition underscores the growing trend of data analytics firms being taken private, often to enable long-term strategic investments without the pressure of quarterly earnings reports. Forian, which specializes in data management and analytics for life sciences, healthcare, and financial services, will now operate as a wholly owned subsidiary of Parent. The company's proprietary insights and clinical data lake capabilities are expected to benefit from the flexibility of private ownership.
For shareholders, the $2.17 per share price represents a definitive exit, with all outstanding shares (except those owned by the buyer parties) converted into the right to receive that amount. The delisting marks the end of Forian's public market presence, which began with its listing on Nasdaq.
The transaction was first announced on April 2, 2026, under the Merger Agreement. For more information about Forian, visit www.forian.com. The original announcement is available on www.newmediawire.com.