Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 32

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 32
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 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.

Conditions to Parent’s and Merger Subsidiary’s Obligations to Effect the Merger

In addition, the obligations of Parent and Merger Subsidiary to effect the Merger are subject to the satisfaction or waiver (where permissible pursuant to applicable law) of the following conditions at or prior to the Closing:

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TrueCar must have performed and complied in all material respects with all of its obligations, covenants and agreements under the Merger Agreement required to be performed or complied with by it at or prior to the Closing;

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the representations and warranties of TrueCar contained in the Merger Agreement regarding (a) certain aspects of the capitalization of TrueCar relating to the authorized and outstanding shares of TrueCar’s Common Stock and preferred stock and the absence of undisclosed securities, options, warrants or other rights with respect to TrueCar’s capital stock (in each case, as set forth in specified sections of the Merger Agreement) and (b) brokers, in each case, must have been true and correct in all respects at and as of the date of the Merger Agreement and must be true and correct in all respects (except, with respect to the representation and warranty regarding TrueCar’s outstanding Common Stock, for any de minimis inaccuracies) at and as of the Effective Time as if made at and as of such time (other than representations and warranties that by their terms address matters only as of another specified time, which only need to be so true as of such time);

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each of the representations and warranties of TrueCar contained in the Merger Agreement regarding the corporate existence and power of TrueCar, TrueCar’s corporate authorization to enter into the Merger Agreement and consummate the Transactions, the enforceability of the Merger Agreement, certain other aspects of TrueCar’s capitalization (other than as set forth in specified sections of the Merger Agreement), the Company Equity Awards, the corporate existence and power, capitalization and organizational documents of TrueCar’s subsidiaries and the rendering of Morgan Stanley’s opinion to the Board must have been true and correct in all material respects at and as of the date of the Merger Agreement and must be true and correct in all material respects at and as of the Effective Time as if made at and as of such time (other than representations and warranties that by their terms address matters only as of another specified time, which only need to