secwatch.observer — SEC 8-K summary
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Issuer:     Forian Inc. (FORA)
CIK:        0001829280
Form:       8-K
Filed at:   2021-09-02T23:59:59+00:00
Accession:  0001140361-21-030187
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829280/000114036121030187/0001140361-21-030187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829280/000114036121030187/brhc10028642_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-030187

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer