{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-023541","form_type":"8-K","ticker":"FA","cik":"0001210677","company_name":"FIRST ADVANTAGE CORP","filed_at":"2024-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.592039+00:00","generated_at":"2026-06-05T05:18:17.525425+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"First Advantage to acquire Sterling Check; $16.73 cash or 0.979 FA shares per share, 72% cash/28% stock proration","bullets":["Specified stockholders owning 52.8% of Sterling delivered written consent; no further stockholder vote required.","Expected closing Q3 2024, subject to HSR, foreign investment clearances, and other customary conditions.","First Advantage secured $1.82B incremental term loan and $150M revolver commitment to finance the deal.","Termination fees: $66.3M from Sterling for superior proposal; $60M/$90M from FA if antitrust fails; $100M if FA fails to close.","Joshua Peirez, Sterling CEO, to be offered a seat on First Advantage's board at closing."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-023541","json":"https://secwatch.observer/filing/0000950170-24-023541.json","markdown":"https://secwatch.observer/filing/0000950170-24-023541.md","text":"https://secwatch.observer/filing/0000950170-24-023541.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1210677/000095017024023541/0000950170-24-023541-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1210677/000095017024023541/fa-20240228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T05:18:17.525425+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":"fd83015d9637937a625eb1878b161da2efaf05d7","claim":"FIRST ADVANTAGE CORP entered into Agreement and Plan of Merger with Sterling Check Corp. (effective 2024-02-28).","evidence_excerpt":"on February 28, 2024, First Advantage Corporation, a Delaware corporation (the “Company” or “First Advantage”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Sterling Check Corp., a Delaware corporation (“Sterling”), and Starter Merger Sub, Inc., a Delaware corporation and an indirect wholly-owned subsidiary of First Advantage (“Merger Sub”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1210677/000095017024023541/0000950170-24-023541-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Sterling Check Corp."},{"label":"Effective","value":"2024-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}