Forian Completes Sale of Assets, Hands Control to New Owner and Faces Nasdaq Delisting

Forian Inc. completed the disposition of assets, underwent a change in control, and received a notice of delisting from Nasdaq, according to the Form 8-K filed with the SEC on May 15, 2026.

The filing discloses Item 2.01 completion of acquisition or disposition of assets, Item 5.01 change in control of registrant, Item 3.01 notice of delisting or failure to satisfy a listing rule, Item 5.02 departure and election of directors and principal officers, Item 3.03 material modification to rights of security holders, Item 5.03 amendments to articles of incorporation or bylaws, and exhibits under Item 9.01.

Forian is a public company with CIK 0001829280 and ticker FORA.

The new controlling party acquired control through the asset transaction. The filing identifies specific individuals who departed their roles as directors and officers effective on the closing date of the transaction, while naming new directors and officers elected in connection with the change in control.

The company amended its articles of incorporation and bylaws to reflect the new ownership structure and modified the rights of security holders.

Operationally, Forian no longer owns the disposed assets and reports a new majority owner. The change in control and associated governance amendments took effect on the closing date of the sale. Nasdaq has commenced delisting proceedings under its listing rules because the transactions caused the company to fail to meet continued listing standards; the filing does not disclose a cure period.

Downstream, Forian must file audited or interim financial statements and pro forma information required by Item 9.01 within the SEC's prescribed deadlines following an Item 2.01 event. The new controlling party assumes decision-making authority over the remaining business.

Nasdaq will issue a formal delisting determination that starts the appeal window if Forian chooses to contest removal from the exchange. The company must also update its public disclosures to reflect the revised board, management team, and capital structure in subsequent SEC filings.

This 8-K constitutes the initial public disclosure of the transaction details, consideration paid, and exact closing timeline. The original asset sale agreement and related exhibits were filed as attachments to the Form 8-K.