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TrueCar (TRUE) investor relations material
TrueCar Proxy Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Proxy Filing summary16 Dec, 2025
Executive summary
A proposed acquisition of the company by Fair Holdings, Inc., led by the founder and backed by Alpha Auto 2, LLC, is pending shareholder approval and regulatory clearance.
The transaction offers a compelling and immediate cash premium for shareholders and is expected to close in Q4 2025 or early 2026.
Independent proxy advisory firms ISS and Glass Lewis recommend voting in favor of the transaction.
A special meeting of stockholders to vote on the transaction is scheduled for December 22, 2025.
Voting matters and shareholder proposals
Shareholders are being solicited to vote on the proposed acquisition by Fair Holdings, Inc.
The board unanimously recommends voting "FOR" the transaction, aligning with proxy advisor recommendations.
Board of directors and corporate governance
The board, along with executive officers and certain employees, are participants in the proxy solicitation process.
Information about directors and executive officers is available in the annual and proxy filings for 2024 and 2025.
Update on additional equity financing for Fair Holdings
Synergies with Scott Painter's other ventures
Impact on TrueCar's dealer network and partnerships
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Frequently asked questions
TrueCar Inc operates an online automotive marketplace that connects consumers with dealers to facilitate vehicle purchases. The platform provides pricing information, reviews, and digital retailing tools, supporting both new and used car transactions. The company is headquartered in Santa Monica, California, and its shares are listed on the NASDAQ.
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