Forian Inc. has announced that its Board of Directors received an unsolicited, preliminary proposal from CEO Max Wygod to take the company private at a proposed purchase price of $2.10 per share. The proposal, dated August 25, 2025, is led by Wygod along with other participants, including inside directors Adam Dublin and Shahir Kassam-Adams, who together own about 63% of the company's common stock. A Special Committee of independent directors has been established to evaluate the proposal and determine the appropriate course of action. The proposal is subject to various conditions, including financing and approval by the Special Committee.
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