Sterling Check’s Major Financial Transition and Delisting

Sterling Check ( (STER) ) has issued an update.

Sterling Infosystems has completed a significant transaction, resulting in the repayment and termination of its credit agreement and the conversion of its common stock into cash or First Advantage shares. About 41.58% of shareholders opted for stock consideration, while 58.42% chose or defaulted to cash. Sterling’s stock trading on NASDAQ has been halted, and the company is pursuing deregistration, marking a major shift in its financial landscape.

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