---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-036510"
form_type: "8-K"
ticker: "FORA"
cik: "0001829280"
company_name: "Forian Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:52:20.746516+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Forian receives $5.9M from sale of equity interest in customer; potential $3.6M earnout

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-036510
- form_type: 8-K
- ticker: FORA
- cik: 0001829280
- company_name: Forian Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829280/000114036123036510/0001140361-23-036510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829280/000114036123036510/brhc20056546_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-036510
- JSON: https://secwatch.observer/filing/0001140361-23-036510.json
- Plain text: https://secwatch.observer/filing/0001140361-23-036510.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829280/000114036123036510/0001140361-23-036510-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.