ShareholdingAug 10, 2026, 04:49 PM
First Advantage: Silver Lake to Sell 12.5M Shares in Secondary Offering
AI Summary
First Advantage Corporation announced that investment funds of Silver Lake Group, L.L.C. plan to sell 12,500,000 shares of First Advantage common stock in an underwritten secondary offering. First Advantage will not be selling any shares in this offering and will not receive any proceeds from the sale. The Selling Stockholder will receive all proceeds, and has entered into a 30-day lock-up agreement, with an exception for up to 4,200,000 shares to be distributed to its limited partners.
Key Highlights
- Silver Lake Group intends to offer 12,500,000 shares of First Advantage common stock.
- The offering is a secondary offering by the Selling Stockholder, Silver Lake Group.
- First Advantage will not sell any shares and will not receive any proceeds from the sale.
- The Selling Stockholder will receive all proceeds from the offering.
- J.P. Morgan Securities LLC is acting as the underwriter for the offering.
- Selling Stockholder entered a 30-day lock-up agreement with the underwriter.
- Up to 4,200,000 shares will be distributed to limited partners, not subject to lock-up.
Price Impact
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