 NEW YORK, Sept. 27, 2021 GLOBE NEWSWIRE -- Sterling Check Corp. Sterling today announced the closing of its initial public offering of an aggregate of 16,427,750 shares of common stock at a price to the public of 23.00 per share, including the full exercise by the underwriters of their option to purchase up to 2,142,750 additional shares of common stock. Of the offered shares, 4,760,000 were sold by Sterling and 11,667,750 were sold by certain of Sterlings existing stockholders. The net proceeds from the offering to Sterling, after deducting underwriting discounts and commissions and estimated offering expenses payable by Sterling, were approximately 94.4 million. Sterling intends to use the net proceeds, together with cash on hand, to repay approximately 100.0 million outstanding under its term loan. Sterling did not receive any proceeds from the sale of the shares by the selling stockholders. Shares of Sterlings common stock began trading on the Nasdaq Global Select Market on September 23, 2021 under the symbol STER. 