Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 108

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 108
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(1) The TrueCar Street Consensus Projections set forth in this table were prepared as of October 13, 2025 and do not take into account any circumstances or events occurring after the date it was prepared. Given that the Special Meeting will be held several months after the TrueCar Street Consensus Projections were prepared, as well as the uncertainties inherent in any forecasted information, TrueCar stockholders are cautioned not to place undue reliance on such information. (2) Adjusted EBITDA is calculated as net income (loss) adjusted to exclude interest income, depreciation and amortization, stock-based compensation, changes in the fair value of contingent consideration liability, lease exit gain or loss, impairment of right-of-use assets, transaction costs associated with potential merger and acquisition activity, interest accretion for terminated leases, restructuring charges, goodwill impairment, severance, other income, and income taxes. Important Information Regarding the Projections The Projections were developed by TrueCar management on a standalone basis and, therefore, the Projections do not give effect to any changes to TrueCar’s operations or strategy that may be implemented after the consummation of the Merger, including any costs incurred in connection with the Merger or any of Parent’s future plans for the Company. Furthermore, the Projections do not take into account the effect of any failure of the Merger to be completed and should not be viewed as accurate or continuing in that context. Although the Projections are presented with numerical specificity, they were based on numerous variables and assumptions made by TrueCar’s management with respect to industry performance, customer purchase expectations, general business, economic, regulatory, market and financial conditions and other future events, as well as matters specific to TrueCar’s business, all of which are difficult or impossible to predict accurately and many of which are beyond TrueCar’s control. The Projections reflect subjective judgment in many respects and thus are susceptible to multiple interpretations and periodic revisions based on actual experience and business developments. As such the Projections constitute forward-looking information and are subject to many risks and uncertainties that could cause actual results to differ materially from the results forecasted in the Projections, including, but not limited to, general business and economic conditions, conditions in the industries and businesses in which TrueCar operates, TrueCar’s business and financial performance, customer requirements, staffing levels, competition, adverse changes in applicable laws, regulations or rules, the ability to successfully pursue and complete