Core Viewpoint - TrueCar's Board of Directors is urging stockholders to vote in favor of the pending transaction with Fair Holdings, as recommended by leading independent proxy advisory firms ISS and Glass Lewis [1][2]. Company Overview - TrueCar, Inc. is a recognized automotive digital marketplace that connects auto buyers and sellers with a network of Certified Dealers, aiming to enhance the online auto shopping experience [9]. - The company is preparing for a Special Meeting of Stockholders scheduled for December 22, 2025, to discuss the transaction with Fair Holdings [1]. Transaction Details - The transaction with Fair Holdings, led by TrueCar's founder Scott Painter, is expected to close in the fourth quarter of 2025 or early 2026, pending stockholder approval and other closing conditions [2]. - TrueCar has filed a Definitive Proxy Statement and other materials with the SEC regarding the transaction, urging investors to read these documents for important information [4][5]. Advisory Support - Morgan Stanley & Co. LLC is serving as the exclusive financial advisor, while Alston & Bird LLP is the lead legal counsel for TrueCar [3].

Accessibility StatementSkip Navigation SANTA MONICA, Calif., Oct. 22, 2025 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced the continuation of its DrivenToDrive initiative, now in its eighth year. For 2025, TrueCar renews its partnership with wear blue: run to remember, a nonprofit organization dedicated to honoring the service and sacrifice of military members who have died while servi ...

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].

Group 1 - TrueCar, Inc. announced its financial results for the first quarter ended March 31, 2025, in a stockholder letter [1] - A live call to discuss the first quarter results is scheduled for May 6, 2025, at 9:00 a.m. ET [2][3] - TrueCar is a leading automotive digital marketplace connecting auto buyers and sellers through a network of Certified Dealers [5] Group 2 - TrueCar provides a suite of vehicle discovery tools, price ratings, and market context for new, used, and Certified Pre-Owned vehicles [5] - The company powers auto-buying programs for over 250 leading brands, including Sam's Club, AAA, and Navy Federal Credit Union [5] - TrueCar utilizes its Investor Relations website and social media platforms for disclosing material non-public information [4]

Live call and webcast will occur on May 6 at 9:00 a.m. ET SANTA MONICA, Calif., April 22, 2025 /PRNewswire/ -- TrueCar, Inc., (NASDAQ: TRUE) will report financial results for the first quarter ended March 31, 2025 on Monday, May 5, 2025 after market close, in a stockholder letter that will be accessible from the company's Investor Relations website at ir.truecar.com. About TrueCar TrueCar is a leading automotive digital marketplace that lets auto buyers and sellers connect to our nationwide network of Certi ...