GlobeNewswire·Nov 9, 2026, 5:06 PM ET

First Advantage Announces Launch of Secondary Offering of Common Stock

Silver Lake Group investment funds intend to sell 15,000,000 shares of First Advantage common stock in an underwritten secondary offering.
First Advantage will not sell any shares or receive proceeds from the transaction; the Selling Stockholder will receive all proceeds.
The offering price is a fixed price determined by underwriters Barclays Capital Inc. & J.P. Morgan Securities LLC.
The Selling Stockholder signed a 30-day lock-up agreement, though up to 5,300,000 shares distributed to limited partners are exempt from this restriction.
No First Advantage directors or officers are subject to lock-up agreements with the underwriters.
A Form S-3 registration statement filed with the SEC has become effective for this offering.
First Advantage provides identity solutions, criminal background screening, credential verifications, drug & health screening, & continuous risk monitoring to over 80,000 global customers.
The company conducts over 200 million screens annually across 200+ countries using proprietary data containing over 1 billion records.

Company: First Advantage Corporation
Keywords: Nasdaq:FA, First Advantage Corporation, First Advantage, background screening, HR Technology, Identity Verification