Company: FORA
Filing Date: 2025-12-04
Form Type: PRE 14A
Source: 0001140361-25-044359
Chunk: 54

Company: Forian Inc.
Filing Date: 2025-12-04
Form: PRE 14A
Chunk 54
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 Corporation from and after the Effective Time (as defined below), the “ Converted Corporation”), pursuant to and in accordance with Section 3-902 of the Maryland General Corporation Law (the “ MGCL”) and Section 266 of the DGCL and the terms and conditions of the Plan of Conversion (the “ Conversion”);

WHEREAS , the Plan of Conversion provides, among other things, that as soon as practicable following the satisfaction (or waiver, as permitted under the terms of the Plan of Conversion) of the conditions set forth therein, if the Plan of Conversion has not been terminated in accordance with the terms of the Plan of Conversion, the Company will cause articles of conversion meeting the requirements of MGCL Section 3-902 and MGCL Section 3-903 (the “ Maryland Articles of Conversion”) to be filed with the Secretary of State of the State of Maryland, and will cause a certificate of conversion meeting the requirements of Sections 103 and 266 of the DGCL (the “ DE Certificate of Conversion”) to be filed with the Secretary of State of the State of Delaware;

WHEREAS , the Conversion shall become effective at the time designated in the Maryland Articles of Conversion and the DE Certificate of Conversion (the “ Effective Time”);

WHEREAS , upon the Effective Time, the Articles of Incorporation and Bylaws shall be the article of incorporation and bylaws of the Converted Corporation until thereafter amended in accordance with their respective terms and applicable law;

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WHEREAS , the Plan of Conversion provides that at the Effective Time, by virtue of the Conversion and without any further action on the part of any holder thereof, the Company, the Converted Corporation or any other person, each share of Common Stock, par value $0.001 per share, of the Company issued and outstanding immediately prior to the Effective Time will be automatically converted into one (1) share of Common Stock, par value $0.001 per share, of the Converted Corporation; and

WHEREAS , the Board has discussed and given due consideration to all of the factors that it deems to be relevant to reach an informed decision, including, but not limited to, the recommendation of the Committee, and has determined that the Plan of Conversion (including the Articles of Incorporation and the Bylaws) and the transactions contemplated thereby, including the Conversion, are advisable and are fair to, and in the best interests of, the Company and its stockholders other than the members of the Consortium (the “ Un