Company: TRUE
Filing Date: 2025-10-15
Form Type: DEFA14A
Source: 0001104659-25-099777
Chunk: 11

Company: TrueCar, Inc.
Filing Date: 2025-10-15
Form: DEFA14A
Chunk 11
---
 the transaction, TrueCar will be a privately held company.

Scott Painter, who founded TrueCar in 2005 before departing in 2015,
will return as the Company’s Chief Executive Officer upon completion of the transaction. We also expect the investor group to have
deep operational experience, industry insight, and a long-term focus on innovation, united around a shared commitment to supporting TrueCar
as the most transparent and trusted platform in auto retail.

As a private company, TrueCar will have increased flexibility to invest
in the business and cement our position as a leading car buying platform. We expect that True will continue to prioritize increasing affordability,
transparency, and reliability for all parties and establishing trust through transparent and accurate data. As we provide an even more
seamless car buying and selling experience on our platform, I am confident we will become an even stronger partner to you.

The transaction is expected to close in in the fourth quarter of 2025
or early 2026, subject to approval by TrueCar stockholders, receipt of regulatory approvals, if necessary, and satisfaction of customary
closing conditions. Until then, TrueCar will remain a publicly traded company and we are operating as usual.

Your dedicated team at TrueCar will continue to serve as your trusted
points of contact, ensuring seamless communication and continuity in our partnership. Should you have any questions or require any assistance,
please do not hesitate to reach out to your designated team member.

On behalf of the entire TrueCar team, thank you for your continued
support and partnership.

Sincerely,

Jantoon Reigersman

Chief Executive Officer

Additional Information and Where to Find It

In connection with the proposed transaction between TrueCar, Inc.
(the “Company”) and Fair Holdings, Inc. (“Fair Holdings”), the Company will file with the Securities and
Exchange Commission (the “SEC”) a definitive proxy statement on Schedule 14A relating to its special meeting of stockholders,
which will be mailed to the Company’s stockholders. The Company may file or furnish other documents with the SEC regarding the proposed
transaction. INVESTORS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED BY THE COMPANY IN THEIR
ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, FAIR HOLDINGS AND THE PROPOSED
TRANSACTION.

Stockholders may obtain free copies of the proxy statement (when available)
and other documents the Company files with the SEC