Forian Inc. (FORA): M&A transaction — Forian receives $5.9M from sale of equity interest in customer; potential $3.6M earnout

Forian Inc.

Received $5.9M cash from merger of its customer with Vox Merger Sub on July 21, 2023.
May receive additional earnout payments up to $3.6M in 2025 and 2026 if conditions met.
Forian was not a party to the merger; proceeds from minority equity stake in the customer.
Customer name and acquirer details not disclosed in the filing.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Forian Inc. completed a disposition involving Vox Merger Sub, Inc. for approximately $5.9 million of cash proceeds, plus up to approximately $3.6 million in earnout payments (closed 2023-07-21).

Action: disposition
Counterparty: Vox Merger Sub, Inc.
Consideration: approximately $5.9 million of cash proceeds, plus up to approximately $3.6 million in earnout payments
Closing: 2023-07-21

Exact text from the filing

Medical Outcomes Research Analytics, LLC) held an equity interest merged with Vox Merger Sub, Inc. (the “Merger”). As a result of the Merger, Forian received approximately $5.9 million of cash proceeds in consideration of all of its equity interest in the customer. Forian may receive additional earnout payments in 2025 and 2026 in an aggregate amount of up to

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Forian Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-036510

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