Certain Common Stock of First Advantage Corporation are subject to a Lock-Up Agreement Ending on 10-JAN-2022.
January 09, 2022
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Certain Common Stock of First Advantage Corporation are subject to a Lock-Up Agreement Ending on 10-JAN-2022. These Common Stock will be under lockup for 61 days starting from 10-NOV-2021 to 10-JAN-2022.
Details:
The Company, the selling stockholders and each of the Company's executive officers and directors, have agreed or will agree with the representatives of the underwriters, subject to certain exceptions, not to offer, sell, contract to sell, pledge, grant any option to purchase, lend or otherwise dispose of, or publicly disclose the intention to make any offer, sale, pledge or disposition of any shares of our common stock, or any options or warrants to purchase any shares of common stock, or any securities convertible into, exchangeable for, or that represent the right to receive, shares of our common stock, engage in any hedging or other transaction or arrangement (including, without limitation, any short sale or the purchase or sale of, or entry into, any put or call operation, or combination thereof, forward, swap or other derivative transaction or instrument) which is designed to or which could reasonably be expected to lead to or result in a sale, loan, pledge or other disposition or transfer of all or a portion of the economic consequences of ownership of the company's common stock or any securities convertible into or exercisable or exchangeable for shares of common stock during the period from the date of the prospectus continuing through the date 60 days after the date of this prospectus (the lock-up period), except with the prior written consent of Barclays Capital Inc. and BofA Securities, Inc.
First Advantage Corporation is a background check company. The Company is a provider of employment background screening and verification solutions. Its product suite enables its customers across all industry sectors to perform pre-onboarding screening and post-onboarding monitoring of employees, contractors, contingent workers, drivers, tenants, and volunteers. Its pre-onboarding products include criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening and others. The Companyâs post-onboarding solutions include criminal records monitoring, healthcare sanctions, motor vehicle records, social media and global sanctions and licenses. The Company also offers fleet compliance, hiring tax credits and incentives, tenant screening and investigative research.