Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 104

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 104
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 resulting public announcement of termination of the Merger Agreement on the trading price of the Common Stock.

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The fact that TrueCar’s directors and officers may have interests in the Merger that may be different from, or in addition to, those of TrueCar Stockholders generally.

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The significant costs involved in connection with entering into the Merger Agreement and completing the Merger, some of which are payable regardless of whether the Merger is completed.

The foregoing discussion of reasons for the recommendation by the Board that TrueCar Stockholders vote “FOR” the Merger Proposal, “FOR” the Advisory Compensation Proposal and “FOR” the Adjournment Proposal is not meant to be exhaustive but addresses the material information and factors considered by the Board in consideration of its recommendation. In view of the wide variety of factors considered by the Board in connection with its evaluation of the Merger and the complexity of these matters, the Board did not find it practicable to, and did not, quantify or otherwise assign relative weights to the specific factors considered in reaching its determination and recommendation. Rather, in considering the information and factors described above, individual members of the Board each applied his or her own personal business judgment to the process and may have given differing weights to differing factors. The Board based its unanimous recommendation on the totality of the information presented.

<div align='center'>**THE BOARD OF DIRECTORS ACCORDINGLY UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR” THE MERGER PROPOSAL.**</div>

### Certain Unaudited Forecasted Financial Information
Other than certain limited financial guidance provided to investors, TrueCar does not typically provide public forecasts, projections, estimates or predictions of future earnings, income or other financial results due to the inherent unpredictability of such financial results and variability in the underlying assumptions necessary to forecast, project, estimate and predict future financial results, especially over longer periods of time. In connection with the Merger, however, at the direction of the Board, TrueCar’s management prepared different sets of projections of the Company’s financial results for 2025, 2026, 2027, 2028 and 2029 that TrueCar’s management then reviewed with the Board. We refer to each of the management prepared sets of projections discussed below collectively as the “

### Management Projections
.”

TrueCar management also approved for use certain publicly available analyst consensus “street estimates” for TrueCar, as extrapolated for certain fiscal years at the direction of TrueCar management, which are referred to