secwatch.observer — SEC 8-K summary
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Issuer:     Sterling Check Corp. (—)
CIK:        0001645070
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001193125-24-248212
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sterling Check acquired by First Advantage for $16.73 cash or 0.979 shares per share; merger completed Oct 31, 2024
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- Per share consideration: $16.73 cash or 0.979 First Advantage shares; prorated to ~71% cash, ~29% stock.
- Actual elections: 41.58% elected stock; after proration ~65.71% of those get stock, rest cash.
- Sterling Common Stock delisted from NASDAQ; deregistration filed with SEC.
- Credit agreement terminated; all directors and officers resigned; charter and bylaws amended.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1645070/000119312524248212/0001193125-24-248212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1645070/000119312524248212/d850077d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-248212

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer