Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 160

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 160
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) days following the first mailing of this proxy statement to TrueCar Stockholders) for the purpose of obtaining the Company Stockholder Approval.

Once established, TrueCar is not permitted to change the record date for the Special Meeting without the prior written consent of Parent (such consent not to be unreasonably withheld, delayed or conditioned), unless required by applicable law. Subject to the terms and conditions of the Merger Agreement, the Board is required to: (i) include the Company Board Recommendation in favor of the Merger Proposal in this proxy statement; (ii) use reasonable best efforts to obtain the Company Stockholder Approval (which efforts must include engaging a reputable proxy solicitor on customary terms); and (iii) otherwise comply with all applicable laws relating to the Special Meeting.

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Notwithstanding the foregoing, if on a date for which the Special Meeting is scheduled, TrueCar has not received proxies representing a sufficient number of shares of Common Stock to constitute a quorum or to obtain the Company Stockholder Approval, TrueCar will have the right to make postponements or adjournments of the Special Meeting (except that TrueCar may not postpone, recess or adjourn the Special Meeting more than two (2) times or to a date that is less than five (5) business days before the End Date pursuant to this sentence without Parent’s prior written consent).

TrueCar will use reasonable best efforts to keep Parent reasonably informed regarding its solicitation efforts and voting results following the dissemination of this proxy statement to TrueCar Stockholders. Without the prior written consent of Parent, the adoption of the Merger Agreement and the Transactions (including the Merger) will be the only matter (other than procedural matters including stockholder approval of golden parachute compensation) that TrueCar may propose to be acted on at the Special Meeting.

If the Board makes an Adverse Recommendation Change, it will not alter the obligation of TrueCar to submit the adoption of the Merger Agreement and the approval of the Merger to a vote of the holders of Common Stock at the Special Meeting, unless the Merger Agreement is terminated in accordance with its terms prior to the Special Meeting.

#### Go Shop; No Solicitation; Other Offers

#### Go Shop
During the period beginning on the date of the Merger Agreement and continuing until the No-Shop Period Start Date and notwithstanding anything to the contrary contained in specified provisions of the Merger Agreement that are summarized below under the caption “ No Solicitation or Negotiation ”, TrueCar