Core Viewpoint - TrueCar, Inc. has entered into a definitive agreement for an all-cash acquisition by Fair Holdings, Inc. at a price of $2.55 per share, valuing the transaction at approximately $227 million [1][6]. Transaction Details - The acquisition is expected to close in the fourth quarter of 2025 or early 2026, subject to stockholder approval and regulatory approvals [6]. - TrueCar's Board of Directors unanimously approved the transaction after a thorough strategic review process [5]. - The transaction includes a standard 30-day "go-shop" period, allowing TrueCar to seek alternative offers until November 13, 2025 [6]. Leadership and Strategic Vision - Scott Painter, the founder of TrueCar, will return as CEO post-acquisition, focusing on profitable growth and innovation [3][4]. - The acquisition aims to enhance transparency and value for members of partner organizations, including military and credit unions, through TrueCar's network of certified dealers [1][4]. Financing and Syndicate - Fair Holdings is negotiating with various financial and strategic investors to syndicate the financing of the transaction, which will include seasoned leaders from automotive retail, finance, and technology [2]. - The transaction will be financed through a combination of equity commitments and cash on TrueCar's balance sheet, with plans to raise additional capital from the Syndicate [7]. Stakeholder Support - TrueCar's largest stockholder, Caledonia (Private) Investments Pty Limited, has committed to vote in favor of the transaction [8]. - Advisors for the transaction include Morgan Stanley & Co. LLC as the exclusive financial advisor for TrueCar and B. Riley Securities, Inc. for Fair Holdings [8].