Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 124

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 124
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 TrueCar, the Surviving Corporation or Parent. As a result, the holders of Common Stock will no longer benefit from any increase in the value, nor will they bear the risk of any decrease in the value, of Common Stock. Following the Merger, Parent will benefit from any increase in TrueCar’s value and will also bear the risk of any decrease in TrueCar’s value.

At the Effective Time, each share of Common Stock issued and outstanding immediately prior to the Effective Time (other than (i) Rollover Shares, if any, (ii) Dissenting Shares, and (iii) Company Shares) will no longer be outstanding and will automatically be canceled and retired and will cease to exist, and will thereafter represent only the right to receive the Merger Consideration. If any Rollover Agreements are executed and delivered prior to the Effective Time, then the Rollover Shares issued and outstanding immediately prior to the Effective Time will be canceled and, pursuant to the Rollover Agreements, the holder of such Rollover Shares will be entitled to receive shares of the common stock of Parent in respect thereof. With respect to Dissenting Shares and Company Shares, (a) each Company Share, excluding any Rollover Shares, will be canceled, and no payment will be made with respect thereto, and (b) any Dissenting Shares will automatically be canceled and cease to exist, and each Dissenting Share shall represent the right to receive the fair value of such Dissenting Share in accordance with the provisions of Section 262 of the DGCL.

For information regarding the effects of the Merger on the Company’s outstanding equity awards, please see the section entitled “The Merger Agreement — Treatment of Company Equity Awards.”

The Common Stock is currently registered under the Exchange Act and trades on Nasdaq under the symbol “TRUE.” Following the consummation of the Merger, shares of Common Stock will no longer be traded on Nasdaq or any other public market. In addition, the registration of the Common Stock under the Exchange Act will be terminated. Following termination of registration of the Common Stock under the Exchange Act, the Company will no longer be required to furnish information to the Company Stockholders and the SEC, and the provisions of the Exchange Act, such as the requirement to file annual and quarterly reports pursuant to Section 13(a) or 15(d) of the Exchange Act, the short-swing trading provisions of Section 16(b) of the Exchange Act and the requirement to furnish a proxy statement in connection with stock