Company: FORA
Filing Date: 2025-12-04
Form Type: PRE 14A
Source: 0001140361-25-044359
Chunk: 28

Company: Forian Inc.
Filing Date: 2025-12-04
Form: PRE 14A
Chunk 28
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egotiated tender offer transaction. |

In addition, the Board believes that there are other provisions of Maryland law that are beneficial to stockholders of Maryland corporations, including:

| • | The MGCL does not impose a tax on domestic or foreign corporations. In contrast, Delaware imposes a franchise tax on Delaware corporations, but not on foreign corporations. |

Although there are other differences between the DGCL and the MGCL, the Board of the Company does not believe that any of these differences will have a significant impact on the Company’s operations. See the section entitled “Comparison of Delaware Organizational Documents and DGCL to Maryland Organizational Documents and MGCL.” Potential Risks and Disadvantages of the Redomiciliation Because of Delaware’s prominence as a state of incorporation for many large corporations, the Delaware courts have developed considerable expertise in dealing with corporate issues and a substantial body of case law has developed construing Delaware law and establishing public policies with respect to Delaware corporations. While Maryland also has encouraged incorporation in that state by adopting comprehensive, modern and flexible statutes that it periodically updates and revises to meet changing business needs, Maryland case law resolving questions about its statutes and regulations is more limited. Therefore, we and our stockholders may experience less predictability in Maryland with respect to the legal effects of certain corporate affairs and transactions, and stockholders’ rights to challenge them, to the extent such actions are not clearly covered by Maryland’s statutes and a court must make a determination. In addition, following the Redomiciliation, our stockholders will have different rights and privileges under Maryland law than under Delaware law, which material differences are described under “Comparison of Delaware Organizational Documents and DGCL to Maryland Organizational Documents and MGCL” below. We will incur certain non-recurring costs in connection with the consummation of the Redomiciliation, including legal and other transaction costs. A majority of these costs have already been incurred or will be incurred regardless of whether the Redomiciliation is consummated. Many of the expenses that will be incurred, by their nature, are difficult to estimate accurately at the present time, and additional unanticipated costs may be incurred in connection with the Redomiciliation. Although our Board believes that the Redomiciliation is in the best interests of the Company and its stockholders, there can be no assurance that the Redomiciliation will result in all or any of the benefits described in this Proxy Statement, including the benefits of or resulting from incorporation in Maryland or the application of Maryland law to the internal affairs of the Company. Comparison of Delaware