Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 41

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 41
---
 Pursuant to the Management Support Agreements, all of the Company’s directors and executive officers have agreed, subject to the terms and conditions thereof, to vote all of their respective shares of Common Stock in favor of the Merger Proposal and the Adjournment Proposal at the Special Meeting.

In addition, pursuant to the Caledonia Support Agreement, Caledonia (which, based on its most recent available Schedule 13G/A filing, as of December 31, 2023, collectively owned 18,365,289 shares of Common Stock representing approximately 20.7% of the Company’s shares of Common Stock as of November 13, 2025) has agreed, subject to the terms and conditions thereof, to vote all shares of Common Stock held by Caledonia as of the Record Date in favor of the Merger Proposal at the Special Meeting.

For a more complete discussion of the Support Agreements, please see “The Merger Agreement — Support Agreements.”

Stock Exchange Delisting; Deregistration (See page 104)

Prior to the Effective Time, the Company will cooperate with Parent and use its reasonable best efforts to take, or cause to be taken, all actions, and do or cause to be done all things, reasonably necessary, proper or advisable on its part under applicable laws and rules and policies of Nasdaq to cause the delisting of

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the Common Stock from Nasdaq and the deregistration of the Common Stock under the Exchange Act as promptly as practicable after the Effective Time.

#### Appraisal Rights (See page121)
Under the DGCL, a Company Stockholder who does not vote in favor of the Merger Proposal will have the right to seek appraisal of the fair value of its shares of Common Stock as determined by the Court of Chancery of the State of Delaware (the “

#### Delaware Court of Chancery
”) if the Merger is completed, but only if such stockholder strictly complies with the procedures set forth in Section 262 of the DGCL (“

## Section 262
”). This appraisal amount could be more than, the same as or less than the Merger Consideration. Any Company Stockholder or beneficial owner of shares of Company Stock intending to exercise appraisal rights must, among other things, submit a written demand for an appraisal to the Company prior to the vote on the Merger Proposal at the Special Meeting and must not vote or otherwise submit a proxy in favor of the Merger Proposal