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STER.US Merger with Election

STERLING CHECK CORP. (STER.US) will merge with First Advantage Corporation, holders of STERLING CHECK CORP. may elect ALL CASH or ALL SHARES for merger. If the election is oversubscribed, such election may be prorated.

Participants must obtain the Prospectus, the AGREEMENT AND PLAN OF MERGER dated 28/02/2024 and other related documents for complete terms and conditions of the Voluntary event. Participants should consult their tax advisor for complete details in reference to withholding taxes.

The terms of the offer are as follows:

Option (1): Take no action [Default option]

Option (2): Elect for CASH - $16.73 PER SHARE (SUBJECT TO PRORATION)

Option (3): Elect for SHARES - 0.979 SHARES OF FIRST ADVANTAGE CORPORATION COMMON STOCK PER SHARE (SUBJECT TO PRORATION, fractional shares will be converted into cash distribution.)

No response is required for holders who do not want to participate in this offer. Holders who make no election will be allocated cash and/or First Advantage Corporation common stock as dictated by the allocation procedures.

The deadline to tender shares to the offer will be 17/10/2024 @16:00 (HONG KONG TIME GMT+8).

Please fill in the following information and use the registered email address of Futu to send an email to cs@futuhk.com.

1. Account Number: 
2. Name: (In Chinese or English)
3. Stock code: STER.US
4. Options: (1) or (2) or (3)
5. Number of shares participating in corporate actions:

Note to applicants:
1. For shareholders holding less than 1 share of STER.US, they cannot participate in related corporate actions.
2. Once the relevant application is submitted, the stocks participating in the company's actions cannot be traded and the application cannot be withdrawn.
3. This corporate action does not accept additional applications, the maximum number of applications that a client can apply for does not exceed the number of eligible shares it holds.
4. The pending orders and unsettled shares will not be accepted for the time being.
5. Please confirm that the account funds are sufficient to pay the relevant fees of this corporate action. Otherwise, we will not bear any responsibility for the failure of your application.
6. If there is any update, all the information released by the listed company shall prevail.

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