Wednesday, October 30, 2024

Equity Corporate Actions Alert #2024 - 524
(UPDATED: Merger closed) Information Regarding the Merger of Sterling Check Corp. (STER)

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  • Industry Announcement

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The acquisition of Sterling Check Corp. (STER) by First Advantage Corporation (FA) was approved by way of written consent and closed prior to the market open on October 31, 2024. In anticipation of the closing, the stock was halted immediately following the after-hours session at or around 7:50 p.m. on October 30, 2024. The stock will remain halted on the day of closing (October 31st) and will be suspended effective November 1, 2024. The details are as follows:

Company Name/Issue: Sterling Check Corp. Common Stock
CUSIP#: 85917T109
Symbol: STER
Last Trading Date: October 30, 2024
Marketplace Effective Date for Suspension: November 1, 2024
Merger Consideration: Subject to Election; $16.73 or .979 of a share of First Advantage Corporation Common Stock (FA) for each share held. Subject to proration referenced in merger agreement. Non-electing shareholder will receive stock, cash, or a combination thereof in accordance with details in merger agreement.


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