Welcome to our dedicated page for Sterling Check news (Ticker: STER), a resource for investors and traders seeking the latest updates and insights on Sterling Check stock.
Sterling Check Corp. (NASDAQ: STER) is a global provider of technology-enabled background screening and identity services. News about Sterling often focuses on its financial performance, acquisitions, geographic expansion, and partnerships that affect how employers use background and identity verification in their hiring and workforce programs.
Recent company news has included quarterly and annual financial results, where Sterling discusses revenue trends, organic and inorganic growth, base business performance, and non-GAAP measures such as Adjusted EBITDA, Adjusted Net Income, and Free Cash Flow. These updates provide insight into how the company’s background and identity services business is performing and how acquisitions contribute to its results.
Sterling’s news flow also covers strategic transactions and corporate developments. The company has announced a definitive agreement to combine with First Advantage Corporation, a proposed merger that is subject to various conditions and approvals. In addition, Sterling has reported acquisitions such as Vault Workforce Screening, which expands its drug and health testing capabilities, and has discussed the integration of earlier acquisitions like Socrates and A-Check Global.
Operational and regional updates are another key theme. Sterling has highlighted brand alignment and technology enhancements in the Asia Pacific region, including the rebranding of Sterling RISQ to Sterling and the strengthening of global screening capabilities with local expertise. The company has also announced partnerships, such as being selected as the preferred background screening partner for Fountain, integrating Sterling’s screening and identity verification services with a hiring platform used in high-volume industries.
Investors and other readers who follow STER news can use this page to review earnings releases, acquisition announcements, regional expansion updates, board and governance changes, and partnership news that shape Sterling’s position in the background and identity services market.
Sterling Check Corp. (NASDAQ: STER) has appointed Judah Sokel as Vice President of Investor Relations, effective October 25, 2021. Sokel, previously with J.P. Morgan, brings extensive experience in equity research and strong institutional investor relationships. He holds a CFA certification and has a background in accounting. His role aims to enhance Sterling's investor relations strategy and improve engagement with the investment community, particularly as the company evolves following its public listing.
Sterling Check Corp. (NASDAQ: STER) will announce its third-quarter financial results for fiscal year 2021 before market opening on November 10, 2021. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. Eastern Time. Interested participants can join by dialing the provided numbers or by accessing a live audio webcast on Sterling's investor relations website. Sterling offers background and identity verification services to over 40,000 clients, conducting more than 75 million checks annually.
Sterling Check Corp. has successfully closed its initial public offering, selling 16,427,750 shares at $23.00 each, including 2,142,750 shares from underwriters' options. The offering raised approximately $94.4 million in net proceeds. Sterling plans to utilize these funds to repay roughly $100 million outstanding on its term loan. While 4,760,000 shares were sold by Sterling, 11,667,750 were from existing shareholders. The company's shares commenced trading on Nasdaq under the symbol 'STER' on September 23, 2021.
Sterling Check Corp. announced the pricing of its initial public offering (IPO) of 14,285,000 shares at $23.00 each. Of these, 4,760,000 shares are offered by Sterling, while 9,525,000 shares are from existing stockholders. The expected net proceeds to Sterling are approximately $94.4 million, mainly to repay a $100 million term loan. Trading of Sterling’s shares under the ticker symbol 'STER' will commence on the Nasdaq Global Select Market on September 23, 2021, and the offering is set to close on September 27, 2021, pending customary closing conditions.