Forian raises $24M via 3.5% convertible notes due 2025; appoints Michael Vesey as CFO

Forian Inc.

$24M 3.5% convertible notes due 2025, conversion price $11.98, warrants for 20% of principal.
Director Martin Wygod purchased $6M of notes; unaffiliated investors bought $18M.
Michael Vesey appointed CFO effective Sept 2, 2021; base salary $300k plus 40k RSUs and 350k NQSOs.
Former CFO Clifford Farren transitions to Special Advisor, then consultant through March 2022 at $13k/month.
Proceeds for data acquisition, working capital, and general corporate purposes.

item 1.01 item 2.03 item 3.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Michael Vesey

Chief Financial Officer

FORA · Forian Inc.

Effective: 2021-09-02
Filed: September 2, 2021, 7:59 PM ET

On September 1, 2021, the Company appointed Michael Vesey to the position of Chief Financial Officer, effective September 2, 2021

Role change

Clifford Farren

Special Advisor

FORA · Forian Inc.

Effective: 2021-09-02
Successor: Michael Vesey
Filed: September 2, 2021, 7:59 PM ET

Clifford Farren will transition from Chief Financial Officer to Special Advisor.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Vesey was appointed as Chief Financial Officer at Forian Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On September 1, 2021, the Company appointed Michael Vesey to the position of Chief Financial Officer, effective September 2, 2021

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Clifford Farren changed role as Special Advisor at Forian Inc..

Action: transitioned
Role: Special Advisor

Exact text from the filing

Clifford Farren will transition from Chief Financial Officer to Special Advisor.

View on SEC.gov

Forian Inc. filing history →

Source: SEC EDGAR

accession 0001140361-21-030187

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