{
  "ticker": "FORA",
  "company": "Forian, Inc.",
  "cik": "0001829280",
  "exchange": null,
  "gics_sector": "Health Care",
  "industry": "Health Care",
  "logo_url": "https://www.google.com/s2/favicons?domain=forian.com&sz=128",
  "from_state": "DE",
  "to_state": "MD",
  "effective_date_iso": "2026-01-09",
  "actual_effective_date_iso": "2026-01-09",
  "proposed_effective_date_iso": null,
  "source_confidence": "VERIFIED_PROXY",
  "is_legal_precedent": 0,
  "vote_mechanism": null,
  "approval_basis": "For \u00f7 outstanding voting power (DGCL \u00a7266 conversion to Maryland \u2014 comparator)",
  "threshold_result": null,
  "event_type": null,
  "two_attempt_flag": 0,
  "prior_failed_vote_flag": 0,
  "governance_concession_redo_flag": 0,
  "subsequent_event_flag": 0,
  "subsequent_event_type": null,
  "subsequent_event_date_iso": null,
  "subsequent_event_note": null,
  "public_tier": "VERIFIED_TRACKER",
  "event_study_announcement_json": "{\"event_date\":\"2025-08-07\",\"event_kind\":\"announcement\",\"event_tag\":\"announcement\",\"t0_source_field\":\"announcement_date_iso\",\"estimation_window\":\"trailing 240 days; 240 valid after NaN drop\",\"specifications\":[{\"name\":\"Market model (SPY benchmark)\",\"day0_ar\":0.0008062169264715503,\"p_value\":0.9838456626767771,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":-0.00045783089325957546,\"beta\":0.41592170350438223,\"r2\":0.017304990670168885,\"sigma\":0.03973358973661485},\"is_headline\":true}],\"_meta\":{\"n_valid_pre_days\":240},\"_source\":\"Source B: phase4v3 NaN-safe runner (1 spec, 2026-04-29 yfinance pull); Source A unavailable for this firm; joined by phase5z_join_full_battery.py\"}",
  "announcement_date_iso": "2025-08-20",
  "meeting_date_iso": "2026-01-08",
  "vote_result": "APPROVED",
  "status_label": "APPROVED",
  "market_cap_usdmm": 142.0,
  "bucket_class": "Y",
  "public_bucket_code": "Y",
  "public_bucket_label": "Comparator (DE-outbound to non-TX/NV)",
  "public_bucket_subcode": null,
  "panel_eligibility": "PANEL_A_post_SB29_non_TX_NV",
  "transaction_status": "COMPLETED",
  "audit_status": "VERIFIED_EDGAR",
  "audit_notes": "| v2.9.2: outbound POST-SB29 to non-TX/NV destination; reclassified A\u2192Z (out of SB29 scope per BLP corroboration) | v2.9.3: bucket_Y=1 (revealed-preference comparator: DE leaver post-SB29 to non-TX/NV destination) | [2026-04-28] Phase 4I: replaced Google-search IR fallback with direct URL https://investors.forian.com/\n[2026-04-29] phase5g: actual_effective_date_iso corrected 'None' -> '2026-01-09' (reviewer: https://www.sec.gov/Archives/edgar/data/1829280/000114036126000976/ef20062689_8k.htm)\n[2026-04-29] phase5g: actual_effective_date_iso corrected '2026-01-09' -> '2026-01-09' (reviewer: https://www.sec.gov/Archives/edgar/data/1829280/000114036126000976/ef20062689_8k.htm)\n[2026-04-29] phase5k T2: FORA vote_source_8k (acc 0001140361-26-000976); source: https://www.sec.gov/Archives/edgar/data/1829280/000114036126000976/ef20062689_8k.htm\n[2026-04-29] phase5k T2: FORA vote_source_8k_url paired with acc 0001140361-26-000976; source: https://www.sec.gov/Archives/edgar/data/1829280/000114036126000976/ef20062689_8k.htm\n[2026-04-29] phase5w: comprehensive validation by external reviewer across tranches v3 (4-version full residual walk, 269 substantive answers across 52 firms, 0 bucket drifts vs v3.58)\n[2026-04-29] phase5x: Decision #1 per Shane 2026-04-29 -- Y-bucket firms (DE->non-TX/NV) remain in dashboard cohort (flag=1) as revealed-preference comparators; the 'why others left DE' question matters even if destination isn't TX or NV | [2026-04-29] v3.75: VERIFIED via 8-K Item 5.07 \u2014 DELAWARE \u2192 MARYLAND (NOT TX/NV \u2014 comparator/Bucket Y). Special meeting January 8, 2026. Vote tally: 22,312,024 for / 1,620,763 against / 1,308 abstain / 0 broker non-votes (93.2% of votes cast; majority-of-outstanding test also met). DGCL \u00a7266 conversion. Per Glass Lewis 2025 DExit report: of 18 firms proposing DExit in 2025, 13 proposed Nevada, 2 proposed Texas, 1 withdrew \u2014 FORA is one of the rarer DE\u2192MD comparator moves. | v3.84-rev2 MINOR date correction (provisional): announcement_date_iso changed from 2025-08-07 to 2025-08-20. August 7 was likely board-approval date; DEF 14A filed August 20. PRE 14A verification still pending \u2014 if an earlier PRE 14A is found, this date will be revised. | v3.84-rev5 [2026-04-30] cell-audit reconciliation verified: DEF 14A filing date (source_type=DEF14A, quality=HIGH). | [2026-04-30] v3.84-rev5q: Sev-1 audit fix per Computer (Perplexity) audit: meeting_date_iso 2025-10-09 -> 2026-01-08 (special meeting actually held January 8, 2026 per existing audit-notes vote-tally and 8-K acc 0001140361-26-000976). Per Computer (Perplexity) audit 2026-04-30.",
  "edgar_accession": null,
  "edgar_accession_note": null,
  "links": [
    {
      "label": "IR",
      "url": "https://investors.forian.com/",
      "link_type": "ir"
    },
    {
      "label": "EDGAR",
      "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001829280&type=&dateb=&owner=include&count=40",
      "link_type": "search"
    },
    {
      "label": "Proxy",
      "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001829280&type=DEF+14A&dateb=&owner=include&count=40",
      "link_type": "search"
    }
  ],
  "car": {
    "value": -0.05077286355599658,
    "pvalue": 0.25,
    "significant_5pct": 0,
    "specification": "synthetic_control",
    "event_date": "2026-01-09",
    "event_tag": "effective_date",
    "confound": "MEDIUM",
    "placebo_ratio": 0.4274055653802136,
    "pre_rmspe": 0.04321481034505177,
    "source": "Event_Studies/results/per_firm_event_study.csv",
    "status": "ESTIMATED"
  },
  "votes_for": null,
  "votes_against": null,
  "votes_abstain": null,
  "votes_broker_nonvote": null,
  "approval_pct": null,
  "votes_for_disinterested": null,
  "votes_against_disinterested": null,
  "votes_abstain_disinterested": null,
  "votes_broker_nonvote_disinterested": null,
  "approval_pct_disinterested": null,
  "approval_basis_disinterested": null,
  "announcement_PRE_14A_accession": null,
  "announcement_PRE_14A_url": null,
  "vote_source_8k_accession": "0001140361-26-000976",
  "vote_source_8k_url": "https://www.sec.gov/Archives/edgar/data/1829280/000114036126000976/ef20062689_8k.htm",
  "vote_proposal_title": null,
  "meeting_type": null,
  "approval_standard": "majority of outstanding shares entitled to vote (DGCL \u00a7266 conversion to Maryland)",
  "companion_proposal": null,
  "proxy_advisors": null,
  "management_response": null,
  "press_coverage": [],
  "prior_vote": null,
  "panel_a_tx_incumbent": 0,
  "panel_b_dexit_mover": 0,
  "texas_statutory_adoptions": {
    "tboc_21_552": {
      "name": "SB 29 \u2014 TBOC \u00a721.552 derivative threshold",
      "adopted": 0,
      "source": null,
      "url": null,
      "date": null
    },
    "tboc_21_373": {
      "name": "SB 1057 \u2014 TBOC \u00a721.373 shareholder-proposal threshold",
      "adopted": null,
      "source": null,
      "url": null,
      "date": null
    }
  },
  "first_sec_disclosure_date": "2025-08-20",
  "first_sec_disclosure_form": "DEF 14A (provisional)",
  "first_sec_disclosure_accession": "0001140361-26-000976",
  "first_sec_disclosure_url": "https://www.sec.gov/Archives/edgar/data/1829280/0001140361-26-000976/",
  "announcement_source_type": "DEF14A",
  "announcement_accession_verified": "Y",
  "date_quality_flag": "HIGH",
  "event_study_longrun_json": "{\"event_kind\":\"longrun\",\"event_date\":\"2026-01-09\",\"t0_source_field\":\"actual_effective_date_iso\",\"horizons\":[{\"label\":\"BHAR_21d\",\"lay_label\":\"1 month\",\"horizon_days\":21,\"n_days_available\":21,\"bhar_vs_spy\":0.007617221832285859,\"bhar_vs_sector\":0.017394298153406762,\"sector_etf\":\"XLV\",\"patell\":{\"car\":0.007580596828341587,\"z\":0.03969669893245286,\"p_value\":0.9683349334745344,\"n\":21}},{\"label\":\"BHAR_63d\",\"lay_label\":\"3 months\",\"horizon_days\":63,\"n_days_available\":63,\"bhar_vs_spy\":0.03762958473273281,\"bhar_vs_sector\":0.0843525796394562,\"sector_etf\":\"XLV\",\"patell\":{\"car\":0.036960246581404343,\"z\":0.11174426073614452,\"p_value\":0.9110261840844389,\"n\":63}},{\"label\":\"BHAR_126d\",\"lay_label\":\"6 months\",\"horizon_days\":126,\"n_days_available\":76,\"bhar_vs_spy\":null,\"bhar_vs_sector\":null,\"sector_etf\":\"XLV\",\"patell\":null},{\"label\":\"BHAR_252d\",\"lay_label\":\"12 months\",\"horizon_days\":252,\"n_days_available\":76,\"bhar_vs_spy\":null,\"bhar_vs_sector\":null,\"sector_etf\":\"XLV\",\"patell\":null}],\"calendar_time_alpha\":{\"vs_spy\":{\"alpha_daily\":0.0004990445050166365,\"alpha_annualized\":0.13397351083139553,\"t_stat\":0.7829313032774696,\"p_value\":0.4336674540242986,\"n_days\":76,\"se_type\":\"Newey-West HAC, lag=5\"},\"vs_sector\":{\"alpha_daily\":0.00047771134729873336,\"alpha_annualized\":0.12789663636492565,\"t_stat\":0.7637313585209518,\"p_value\":0.44502734937722443,\"n_days\":76,\"se_type\":\"Newey-West HAC, lag=5\"}},\"estimation_window\":\"trailing 240 days; market-model alpha+beta for Patell-z baseline\",\"_meta\":{\"n_post_days_available\":76,\"elapsed_days\":111,\"as_of\":\"2026-04-30\"},\"_source\":\"phase5z_compute_longrun.py; yfinance pull at run time\"}",
  "_evidence_strength": {
    "badge": "BRONZE",
    "score": 50,
    "max": 100,
    "components": {
      "source_confidence": 20,
      "vote_totals": 0,
      "effective_date": 20,
      "car_estimate": 10,
      "edgar_accession": 0
    }
  },
  "_context_callout": "Destination is MD \u2014 an outbound move to a non-TX/NV jurisdiction. Retained as a revealed-preference comparator (Y bucket) rather than included in completed-DExit counts.",
  "_generated_at": "2026-04-30"
}