ShareholdingAug 11, 2026, 08:32 AM
First Advantage Secondary Offering Priced at $22.20/Share for 12.5M Shares
AI Summary
First Advantage Corporation announced the pricing of a previously announced underwritten secondary offering by certain investment funds of Silver Lake Group, L.L.C. The offering consists of 12,500,000 shares of common stock priced at $22.20 per share. First Advantage will not sell any shares or receive any proceeds from this offering, with all proceeds going to the selling stockholder. The offering is expected to close on or about August 12, 2026.
Key Highlights
- Secondary offering priced at $22.20 per share.
- 12,500,000 shares of common stock offered by selling stockholder.
- First Advantage will not receive any proceeds from the sale.
- Selling stockholder to distribute up to 4,200,000 shares to limited partners.
- Offering expected to close on or about August 12, 2026.
- Selling stockholder entered into a 30-day lock-up agreement.
Price Impact
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