First advantage announces pricing of secondary offering of common stock
Atlanta, nov. 10, 2021 (globe newswire) -- first advantage corporation (“first advantage”) (nasdaq: fa), a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital, today announced the pricing of the previously announced underwritten secondary offering by certain of its stockholders (the “selling stockholders”), including affiliates of silver lake group, l.l.c., of 15,000,000 shares of common stock of first advantage pursuant to a registration statement filed by first advantage with the u.s. securities and exchange commission (the “sec”), at the public offering price of $20.00 per share. the selling stockholders have granted the underwriters in the offering a 30-day option to purchase up to an additional 2,250,000 shares of common stock. no shares are being sold by first advantage. the selling stockholders will receive all of the proceeds from this offering. the offering is expected to close on november 15, 2021, subject to customary closing conditions.
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