Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 123

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 123
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 investment management business, (ii) wealth management business, including client discretionary accounts or (iii) ordinary course trading activities, including hedging activities.

#### Financing of the Merger
We anticipate that the total amount of funds necessary to complete the Merger and the other Transactions, and to pay the fees and expenses required to be paid at the Closing by Parent and Merger Subsidiary under the Merger Agreement, will be approximately $248 million. This amount includes funds needed to pay the Required Amount.

Parent and Merger Subsidiary plan to finance the Required Amount utilizing a combination of: (i) the Equity Financing described below; (ii) the Company’s Cash on Hand; and (iii) additional equity or debt commitments of at least $60 million in the aggregate.

#### Equity Financing
Pursuant to the Equity Commitment Letter, the Investor has committed to contribute (or cause to be contributed) the Commitment to Parent at the Closing for the purpose of funding a portion of the Required Amount. The obligation of the Investor to provide the Equity Financing under the Equity Commitment Letter is subject to a number of conditions, including: (i) satisfaction or waiver by TrueCar, Parent and Merger Subsidiary, as applicable, of each the conditions to the obligations of Parent and Merger Subsidiary to consummate the Merger set forth in the Merger Agreement (other than those conditions that by their nature are to be satisfied at the Closing, which conditions are capable of being satisfied if the Closing were to occur at such time) and the Closing is required to occur pursuant to the Merger Agreement; (ii) satisfaction or waiver of the Additional Financing Condition; and (iii) Parent’s receipt of written confirmation from TrueCar that TrueCar is ready and willing to consummate the Merger and TrueCar stood ready, willing and able to consummate the Merger and the Transactions.

The obligation of the Investor to fund the Equity Financing will automatically and immediately terminate upon the earliest to occur of: (i) the Investor funding the Commitment required to be funded by it under the Equity Commitment Letter, the occurrence of the Closing, and the payment of the Required Amount pursuant to the terms of the Merger Agreement; (ii) the valid and effective termination of the Merger Agreement in accordance with its terms; or (iii) the initiation by TrueCar or any of its affiliates or representatives of a claim or legal proceeding alleging or asserting that any provision of the Equity Commitment Letter is illegal, invalid