Company: FORA
Filing Date: 2025-12-04
Form Type: PRE 14A
Source: 0001140361-25-044359
Chunk: 33

Company: Forian Inc.
Filing Date: 2025-12-04
Form: PRE 14A
Chunk 33
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 or indirectly, of ten percent or more of the voting power of the outstanding voting stock of the corporation.                                                                                                                                                                                                                                                                                                                                                                                                                                                         
 However, a person is not an interested stockholder if, prior to the most recent time at which such person would otherwise have become an interested stockholder, the board of directors of the corporation approved the transaction which otherwise would have resulted in the person’s becoming an interested stockholder (which approval may be made subject to compliance, at or after the time of approval, with any terms and conditions determined by the board, e.g., a standstill requirement).                                                                                                                                      
 Pursuant to the Maryland Charter, the provisions of Sections 3-601 to 3-604, including Section 3-602 in whole, of the MGCL will not apply to any “business combination” (as defined in Section 3-601(e) of the MGCL) between the Company and any of its present or future stockholders and no person will have or obtain the status of an “interested stockholder” (as defined in Section 3-601(j) of the MGCL). Therefore, following the Redomiciliation, no “business combination,” including the business combination contemplated by the Take Private Offer, will be subject to the five-year waiting period or the supermajority votes. |
| Charter Amendments: |     | Under the DGCL, a corporation may amend its certificate of incorporation in any respect.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 To amend the certificate of incorporation, the board must approve and declare advisable the amendment and present the proposed amendment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |     | Maryland requires a higher vote than Delaware for charter amendments, specifically, the affirmative vote of two-thirds of all of the votes entitled to be cast on the matter. The Maryland Charter will not contain any additional voting requirements with respect to charter amendments, but in accordance                                                                                                                                                                                                                                                                                                                                 |

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|                   |     | Delaware                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |     | Maryland                                                                                                                                                                                                   |
|                   |     | to the stockholders entitled to vote for approval (subject to limited exceptions, including name changes and forward stock splits).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 An amendment is adopted if holders of a majority of the shares entitled to vote approve the amendment. In addition, if an amendment would increase or decrease the number of authorized shares of a class, change the par value of the shares of a class, or alter or change the powers, preferences or special rights of the shares of a class, such class will