EL7.AI
Mergers & AcquisitionsMedium•16 May 2026•
2 min read

Forian Goes Private and Cancels Common Stock Following Merger Completion

Key Facts

1Forian's Chief Strategy Officer Adam Dublin reported the disposition of all common stock shares in connection with the company's merger and going-private transaction.
2Shares were transferred back to the issuer at $0.00 per share as Forian became a wholly-owned subsidiary of 2025 Acquisition Company, LLC.
3Unvested restricted stock units were cancelled and converted into a cash right based on $2.17 per share.

Forian Inc. has completed its merger and transition to a private entity, resulting in the cancellation of all outstanding common stock. According to reports, Chief Strategy Officer Adam Dublin disposed of his entire shareholding as the company became a wholly-owned subsidiary of 2025 Acquisition Company, LLC. Furthermore, unvested restricted stock units were cancelled and converted into a cash right valued at $2.17 per share.

This move reflects a broader trend in the healthcare data and technology sector where firms go private to streamline operations away from public market volatility. Under the transaction terms, shares were transferred back to the issuer at $0.00 per share as part of the technical merger mechanics. This transition marks the end of Forian's tenure as a publicly traded company, aiming to integrate its data assets within the acquiring firm's portfolio.

Following the merger completion, FORA stock will cease trading on public exchanges as the security is formally delisted. Investors in the fintech and data analytics sectors are monitoring the impact of this consolidation on market peers. Looking ahead at the economic calendar, market participants are focused on the U.S. Inflation Rate (CPI) data due on May 12, 2026, which may influence broader acquisition sentiment in the tech sector.