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TORONTO - VerticalScope Holdings Inc. (TSX: FORA; OTCQX: VFORF), a technology company with a market capitalization of $62.9 million, announced the voting results from its annual general meeting held Wednesday.
Shareholders elected all five nominated directors to the company’s board. Rob Laidlaw received 94.58% approval, Wayne Bigby 94.44%, Cory Janssen 94.81%, Michael Washinushi 96.92%, and Philip Evershed 97.15%.
Additionally, MNP LLP was reappointed as the company’s auditor with 97.44% of votes in favor. The board was authorized to determine the auditor’s compensation.
VerticalScope, founded in 1999 and headquartered in Toronto, operates a cloud-based digital platform for online enthusiast communities. The company maintains a portfolio of over 1,200 online communities with approximately 100 million monthly active users.
Complete voting results from the meeting are available under the company’s profile on SEDAR+, according to the press release statement.
In other recent news, Forian Inc. announced that its stockholders have approved an increase of 4 million shares under the company’s 2020 Equity Incentive Plan, bringing the total available shares for issuance to 10.4 million. This decision was made during the company’s Annual Meeting, where stockholders also elected two Class I directors and ratified the appointment of CBIZ CPAS P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Additionally, Forian disclosed material weaknesses in its internal controls over financial reporting, which led to the restatement of certain financial statements for 2023. Despite these issues, the company confirmed there were no disagreements with its previous auditor, Marcum LLP, on accounting principles or practices. In a separate development, Edward Spaniel, Jr., Forian’s Executive Vice President, General Counsel, and Corporate Secretary, announced his resignation effective May 23, 2025. Meanwhile, VerticalScope Holdings Inc. has appointed Chris Goodridge as its new CEO, with Ezra Menaged stepping in as COO, as the company aims to accelerate its AI strategy. The leadership change is part of VerticalScope’s plan to enhance its community-driven platforms and expand its use of AI.
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