Forian Inc. (NasdaqCM:FORA) will look for acquisitions. During the company's second quarter 2023 financial results conference call and webcast, Max Wygod, Executive Chairman and Chief Executive Officer said that 'Forian may receive additional earn-out payments in 2025 and 2026, in an aggregate amount of up to approximately $3.6 million if certain conditions are met. The additional cash proceeds and operational improvements put Forian in a strong position.

We intend to use the net proceeds for general corporate purposes, including business expansion, deleveraging or the financing of possible acquisitions'.