Blockchain Registration Transaction Record

Forian CEO Proposes $2.10/Share Take-Private Deal Amid Liquidity Concerns

Forian Inc. receives unsolicited proposal from CEO Max Wygod to take company private at $2.10/share, a 19% premium, pending board evaluation and financing.

This news matters because it reflects a growing trend where company insiders and major shareholders seek to take public companies private to escape the high costs and regulatory burdens of being publicly traded, such as Sarbanes-Oxley compliance and quarterly reporting. For shareholders, the offer provides a potential premium and immediate liquidity, but it also raises questions about fair valuation and corporate governance, as the proposing group already controls a majority stake. In the broader market, such moves can signal undervaluation in certain sectors, influence investor strategies, and highlight the trade-offs between public market visibility and operational flexibility. If completed, it could lead to Forian focusing more on long-term growth without short-term market pressures, potentially benefiting its clients in healthcare and financial services through enhanced innovation and data analytics.