{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-119269","form_type":"8-K","ticker":"FA","cik":"0001210677","company_name":"FIRST ADVANTAGE CORP","filed_at":"2024-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.877361+00:00","generated_at":"2026-05-30T07:18:17.317200+00:00","sec_items":["1.01","1.02","2.01","2.03","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"First Advantage closes $2.2B Sterling Check acquisition; $2.185B term loan funded","bullets":["Stockholders received $16.73 cash or 0.979 FA shares; 71% cash / 29% stock proration applied.","Financed via $2.185B term loans (due 2031) and upsized $250M revolver (due 2029).","Expected $50-$70M run-rate synergies; pro forma combined revenue ~$1.5B.","CEO Scott Staples gets $450K one-time bonus; base salary raised to $700K plus $525K annual incentive.","Stockholders' Agreement terminated as Broad Street principals held no FA shares post-merger."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-119269","json":"https://secwatch.observer/filing/0000950170-24-119269.json","markdown":"https://secwatch.observer/filing/0000950170-24-119269.md","text":"https://secwatch.observer/filing/0000950170-24-119269.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1210677/000095017024119269/0000950170-24-119269-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1210677/000095017024119269/fa-20241030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T07:18:17.317200+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}