Sterling Check Corp. (NASDAQ:STER) (“Sterling”), a leading global provider of technology-enabled background and identity verification services, today announced the pricing of an underwritten secondary public offering (the “Offering”) of 8,000,000 shares of its common stock by certain of its existing stockholders affiliated with The Goldman Sachs Group, Inc. at a price to the public of $12.25 per share. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock. The offering is expected to close on June 12, 2023, subject to the satisfaction of customary closing conditions.
Sterling is not selling any shares in the Offering and will not receive any proceeds from the sale of shares by the selling stockholders in the Offering.
Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the Offering. KeyBanc Capital Markets, Wells Fargo Securities, Citigroup, Baird, JMP Securities, A Citizens Company, Stifel and William Blair are acting as book-running managers for the Offering.
