{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-054322","form_type":"8-K","ticker":null,"cik":"0001645070","company_name":"Sterling Check Corp.","filed_at":"2024-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.959499+00:00","generated_at":"2026-06-05T05:36:14.921666+00:00","sec_items":["1.01","5.07","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Sterling Check to merge with First Advantage; $16.73 cash or 0.979 FA shares per share","bullets":["Merger consideration: $16.73 per share cash or 0.979 shares of First Advantage common stock per Sterling share (prorated 72% cash/28% stock).","Expected closing in Q3 2024; subject to regulatory approvals, HSR, foreign investment clearances, and other conditions.","Stockholders holding ~52.8% of outstanding shares delivered written consent; no further stockholder vote required.","Termination fees: Sterling pays $66.3M under certain circumstances; First Advantage pays $60M–$100M under specified conditions.","Sterling CEO Josh Peirez to be offered a seat on First Advantage's board post-closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-054322","json":"https://secwatch.observer/filing/0001193125-24-054322.json","markdown":"https://secwatch.observer/filing/0001193125-24-054322.md","text":"https://secwatch.observer/filing/0001193125-24-054322.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1645070/000119312524054322/0001193125-24-054322-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1645070/000119312524054322/d741706d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T05:36:14.921666+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":"3aee48372b855c3d2ce29ff6d2abda8af8d4fe07","claim":"Sterling Check Corp. entered into Agreement and Plan of Merger with First Advantage Corporation valued at Merger consideration of $16.73 per share in cash or 0.979 shares of First Advantage common stock per (effective 2024-02-28).","evidence_excerpt":"On February 28, 2024, Sterling Check Corp., a Delaware corporation (the “Company” or “Sterling”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with First Advantage Corporation, a Delaware corporation (“First Advantage”), 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/1645070/000119312524054322/0001193125-24-054322-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"First Advantage Corporation"},{"label":"Value","value":"Merger consideration of $16.73 per share in cash or 0.979 shares of First Advantage common stock per"},{"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"}