Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 19

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 19
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 that the Merger will be completed in the fourth quarter of 2025 or the first quarter of 2026. In order to complete the Merger:

•

the Company must obtain the Company Stockholder Approval;

•

there must be no law (statutory, common or otherwise), constitution, treaty, convention, ordinance, code, rule, regulation, or order, judgment, injunction, ruling, writ, award or decree, whether temporary, preliminary or permanent, enacted, issued, promulgated, enforced or entered by any Governmental Authority that restrains, enjoins, renders illegal or otherwise prohibits the consummation of the Merger or the Transactions (as defined below) that is still in effect;

•

if applicable, the waiting period (including any extensions thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “

#### HSR Act
”) relating to the Merger and the Transactions must have expired or been terminated; and

•

there must not be pending any material cause of action, proceeding, suit, hearing, litigation, audit, arbitration, mediation, notice of violation, enforcement action, or investigation (whether civil, criminal, administrative, judicial or investigative) by or before any Governmental Authority that is brought by the U.S. Department of Justice (“

#### DOJ
”) or Federal Trade Commission (“

#### FTC
”) under any applicable antitrust law: (i) challenging or seeking to restrain, enjoin, render illegal or otherwise prohibit the consummation of the Merger or the Transactions or (ii) seeking to prohibit Parent or the Surviving Corporation’s ownership or operation of all or any portion of the Company’s business or assets under any applicable antitrust law as a result of the Merger or the Transactions; and

•

the other closing conditions set forth in the Merger Agreement must be satisfied or waived.

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TABLE OF CONTENTS

See “The Merger Agreement — Conditions to the Closing of the Merger.” Accordingly, there can be no assurances that the Merger will be completed at all, or if completed, that it will be completed in the fourth quarter of 2025 or the first quarter of 2026.

Recommendation of the Board of Directors and its Reasons for the Merger (See page 53)

The Board has unanimously: (i) determined that the Merger Agreement and the Transactions (as defined below), including the Merger, are advisable, fair to and in the best interests