Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 143

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 143
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. JURISDICTION AND HOLDERS ARE URGED TO CONSULT THEIR TAX ADVISORS REGARDING SUCH MATTERS AND THE TAX CONSEQUENCES OF THE MERGER TO THEM IN LIGHT OF THEIR PARTICULAR CIRCUMSTANCES.**

#### Litigation Related to the Merger
On November 20, 2025, a purported TrueCar Stockholder filed a complaint in the United States District Court for the Central District of California, captioned Naber v. TrueCar, Inc. et al. , No. 2:25-cv-11135 (C.D. Cal. filed Nov. 20, 2025). The complaint, filed as an individual action, names TrueCar and the members of its Board of Directors as defendants. The complaint generally alleges that the Preliminary Proxy Statement filed with the SEC on November 13, 2025 in connection with the proposed Merger contains material disclosure deficiencies in violation of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934. It seeks to enjoin the stockholder vote on the Merger, to rescind the transaction if it is consummated, to compel additional disclosures, and to recover attorneys’ fees and costs. The Company has also received several stockholder demand letters asserting substantially similar allegations of purported disclosure deficiencies relating to the proposed Merger. TrueCar and the individual defendants believe that the claims asserted in the lawsuit and the demand letters are without merit, and TrueCar intends to defend itself vigorously. TrueCar does not expect that the pending litigation or stockholder demands will prevent or delay the completion of the Merger. However, no assurances can be given regarding the outcome of the lawsuit or any related demand.

#### Regulatory Approvals

#### General
TrueCar and Parent have agreed to use their reasonable best efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under applicable law, including applicable antitrust laws, to consummate the Transactions.

#### HSR Act and U.S. Antitrust Matters
At the time of the filing of this proxy statement, the parties do not believe approval under the HSR Act is required in connection with the Merger. However, to the extent required by applicable law, the parties have agreed to make, or cause to be made, an appropriate filing of a Notification and Report Form pursuant to the HSR Act and the rules promulgated thereunder as promptly as practicable after any determination that one may