First Advantage mails election forms for Sterling acquisition; holders choose cash or stock

FIRST ADVANTAGE CORP

Election Form mailed to Sterling stockholders on Sept 5, 2024; cash consideration $16.73/share or 0.979 FA shares per Sterling share.
Proration: 72% of shares receive cash, 28% stock; non-electing holders treated as electing stock with mix subject to proration.
Equity award holder election process opened same day via Fidelity for unvested shares and RSUs.
Closing expected Q4 2024; Election Deadline to be announced at least three business days prior to closing.
D.F. King & Co. appointed as information agent to assist stockholder election process.

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