[SCHEDULE 13G] FIRST ADVANTAGE CORP Passive Investment Disclosure (>5%)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Capital World Investors filed a Schedule 13G reporting a passive ownership stake in First Advantage Corp. common stock. The firm is deemed to beneficially own 9,098,714 shares, representing 5.2% of the class, based on 174,114,958 shares believed outstanding as of the event date.
Capital World Investors reports sole voting and sole dispositive power over all 9,098,714 shares, with no shared voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of First Advantage Corp.
Positive
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Negative
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FAQ
What ownership stake in First Advantage Corp. (FA) does Capital World Investors report?
Capital World Investors reports beneficial ownership of 9,098,714 shares of First Advantage Corp. common stock, representing 5.2% of the outstanding class. This stake is based on 174,114,958 shares of common stock believed to be outstanding at the time of the reported event.
Is Capital World Investors’ stake in First Advantage Corp. (FA) a passive investment?
Yes. Capital World Investors certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of First Advantage Corp., consistent with a Schedule 13G passive investment filing under SEC rules.
How much voting power does Capital World Investors have in First Advantage Corp. (FA)?
Capital World Investors reports sole voting power over 9,098,714 shares and no shared voting power. It also reports sole dispositive power over the same number of shares, indicating exclusive authority to vote and dispose of these securities on behalf of its managed accounts.
Which entities are associated with Capital World Investors’ holdings in First Advantage Corp. (FA)?
Capital World Investors is a division of Capital Research and Management Company and its investment management subsidiaries and affiliates. The filing also notes SMALLCAP World Fund, Inc. as a person with the right to receive dividends or sale proceeds related to more than 5% of the class.