Forian inc. announces $24 million private placement of 3.5% convertible notes due 2025, appoints new chief financial officer

Newtown, pa., sept. 1, 2021 /prnewswire/ -- forian inc. (nasdaq: fora), a provider of technology, analytics and data science driven solutions for the healthcare and cannabis industries, today announced the following: convertible notes offering the company has entered into a convertible note purchase agreement (the "note purchase agreement") with a select group of institutional and accredited investors pursuant to which the company will issue  $24,000,000 aggregate principal amount at 100% of par value of its 3.5% convertible notes due 2025 (the "notes").
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