Latest Breaking News On - Committee of forian board directors - Page 1 : comparemela.com

 Forian Inc.  (Nasdaq:FORA), a provider of software and technology-enabled services for the healthcare and cannabis industries, announced today that it has entered into a securities purchase agreement with a select group of institutional and accredited investors to raise gross proceeds of $12,000,000 resulting from the sale of 1,191,743 shares of its common stock at an average purchase price equal to $10.21 per share. The Company did not engage a placement agent in connection with the private investment in public equity ( PIPE ) financing. Investors include both unaffiliated investors as well as directors of the Company. An independent Special Committee of Forian s Board of Directors was established to review and negotiate the transaction on behalf of the Company. An institutional investor led the negotiations for the unaffiliated investors. Directors purchased 560,461 shares of common stock at a purchase price of $11.33 per share, which amount represents the consolidated closing

United statesStanley trotmanJosh vlastoMax wygodMark adlerMartin wygodExchange commissionForian incNasdaq stock marketPrnewswire forian inc nasdaqSecurities exchangeCommittee of forian board directorsSpecial committeeFriday aprilExecutive chairman max wygodAdam dublin