{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-022621","form_type":"8-K","ticker":"FA","cik":"0001210677","company_name":"FIRST ADVANTAGE CORP","filed_at":"2024-02-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.591827+00:00","generated_at":"2026-06-05T06:12:38.632729+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.92,"calibrated_materiality_score":0.92,"confidence":"high","headline":"First Advantage to buy Sterling Check for $2.2B; posts Q4/FY23 results","bullets":["Acquisition valued at $2.2B inclusive of Sterling debt; $16.73/share cash or 0.979 FA shares, a 35% premium to Sterling's Feb 28 close.","Expected close ~Q3 2024; at least $50M in run-rate synergies with double-digit Adjusted EPS accretion on a synergy basis.","FY23 revenue $763.8M (-5.7% YoY); adjusted diluted EPS $1.00; Q4 adjusted EBITDA $68.2M (margin 33.7%).","Standalone FY24 guidance: revenue $750M-$800M, adjusted EBITDA $228M-$248M, adjusted EPS $0.88-$0.98.","Share repurchase program suspended due to pending acquisition; ended FY23 with $213.8M cash and $564.7M debt."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-022621","json":"https://secwatch.observer/filing/0000950170-24-022621.json","markdown":"https://secwatch.observer/filing/0000950170-24-022621.md","text":"https://secwatch.observer/filing/0000950170-24-022621.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1210677/000095017024022621/0000950170-24-022621-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1210677/000095017024022621/fa-20240229.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T06:12:38.632729+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6dc731dc65a981212f3a0361bbdc9f0b8b4934f5","claim":"FIRST ADVANTAGE CORP reported financial results for quarter and year ended December 31, 2023.","evidence_excerpt":"On February 29, 2024, First Advantage Corporation (“First Advantage”) issued a press release announcing its financial results for the quarter and year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1210677/000095017024022621/0000950170-24-022621-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter and year ended December 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}