FA · First Advantage Corporation
AI read · Neutral
The AI's read
The sale money goes to the Silver Lake funds, not FA. The transaction changes who owns the shares, but does not add shares issued by FA or report a business change. The seller agreed not to sell for 30 days, but up to 5.3 million shares given to its investors have no such limit. FA directors and officers also have no lock-up. That may leave more shares available to trade, but the filing reports no change to FA's business.