secwatch.observer — SEC 8-K summary
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Issuer:     Forian Inc. (FORA)
CIK:        0001829280
Form:       8-K/A
Filed at:   2025-01-16T23:59:59+00:00
Accession:  0001140361-25-001302
Event type: m_and_a
Sentiment:  negative
Materiality: 0.45
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forian files Kyber Data Science financials showing $12.3M net loss on $4.2M revenue in 2023
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- Kyber Data Science LLC acquired Oct 31, 2024; audited 2023 revenue $4.16M (99.5% subscription research fees).
- 2023 net loss $12.32M; negative members' equity of $28.6M at Dec 31, 2023.
- Total liabilities $42.9M incl. $39.6M payable to affiliates; intangible assets $8.6M with 6-yr estimated life.
- Company provides enriched healthcare data insights to institutional investors, banks, and hedge funds.
- Capital contribution of $5.25M received from parent Cowen Inc. in July 2023 to fund operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829280/000114036125001302/0001140361-25-001302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829280/000114036125001302/ef20041506_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-001302

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