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Forian Inc. (FORA) Nasdaq listing removal filed via Form 25

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
25-NSE

Rhea-AI Filing Summary

Forian Inc. notifies that its Common Stock is being removed from listing and registration on the Nasdaq Stock Market LLC via Form 25.

The Exchange states it has complied with 17 CFR 240.12d2-2 procedures and the issuer complied with Nasdaq rules governing voluntary withdrawal.

Positive

  • None.

Negative

  • None.

Insights

Nasdaq-initiated delisting notification for Forian's common stock; voluntary withdrawal process cited.

Nasdaq submitted a Form 25 indicating removal of Forian Inc.'s Common Stock from the Nasdaq listing. The filing cites compliance with 17 CFR 240.12d2-2 and Nasdaq rules governing voluntary withdrawal, signaling a formal delisting step.

Cash‑flow treatment and next steps for holders are not detailed; subsequent filings or exchange notices typically provide delisting effective dates and transfer instructions.

Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b) the Exchange has complied with its rules"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
voluntary withdrawal financial
"the Issuer has complied with its rules of the Exchange and the requirements governing the voluntary withdrawal"
UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 25
NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.
Commission File Number 001-40146
Issuer: Forian Inc.
Exchange: Nasdaq Stock Market LLC
(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)
Address: 41 University Drive
Suite 400
Newtown PENNSYLVANIA 18940
Telephone number: (267) 757-8707
(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)
Common Stock
(Description of class of securities)
Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:
17 CFR 240.12d2-2(a)(1)
17 CFR 240.12d2-2(a)(2)
17 CFR 240.12d2-2(a)(3)
17 CFR 240.12d2-2(a)(4)
Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. 1
Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.
Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.
2026-05-15 By Tara Petta AVP
Date Name Title
1 Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What does Forian Inc.'s Form 25 filing mean for FORA shareholders?

It indicates Forian's Common Stock is being removed from Nasdaq listing via Form 25. The filing states Nasdaq and the issuer complied with 17 CFR 240.12d2-2 and Nasdaq rules governing voluntary withdrawal; further holder instructions are not provided here.

Did Nasdaq state the reason for removing FORA from the exchange?

The filing certifies procedural compliance under 17 CFR 240.12d2-2 but does not state a specific business or regulatory reason. It records that the Exchange and the issuer followed rules for withdrawal without giving further rationale in this excerpt.

Will Forian Inc. receive proceeds from this removal of listing?

The Form 25 notification does not reference any proceeds to Forian Inc. It documents removal of listing and voluntary withdrawal procedures; the filing does not discuss any cash transfers or financial consideration related to the delisting.

Where can shareholders find the effective date and next steps for FORA trading?

This excerpt does not include effective dates or transfer instructions. Typically, the Exchange issues a separate notice stating the delisting effective date and how trading or over-the-counter quotation will proceed; shareholders should consult subsequent Exchange communications.