Company: TRUE
Filing Date: 2025-10-15
Form Type: DEFA14A
Source: 0001104659-25-099555
Chunk: 1

Company: TrueCar, Inc.
Filing Date: 2025-10-15
Form: DEFA14A
Chunk 1
---
 by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01. Entry into a Material Definitive Agreement.

Agreement and Plan of Merger

On October 14, 2025, TrueCar, Inc. (the
“Company” or “TrueCar”) entered into an Agreement and Plan of Merger (the “Merger Agreement”)
among the Company, Fair Holdings, Inc., a Delaware corporation (“Parent”), and Rapid Merger Subsidiary, Inc.,
a Delaware corporation and a wholly-owned subsidiary of Parent (“Merger Subsidiary”). Upon the terms and conditions
set forth in the Merger Agreement, Merger Subsidiary will be merged with and into the Company (the “Merger”) with the
Company surviving the Merger (the “Surviving Corporation”) as a wholly-owned subsidiary of Parent. Parent is led by
TrueCar founder Scott Painter and backed by an equity commitment from Alpha Auto 2, LLC, a Florida limited liability company (the “Investor”).

The Board of Directors of the Company (the “Board”)
has unanimously (i) determined that the Merger Agreement and the Transactions (as defined below), including the Merger, are advisable,
fair to and in the best interests of the Company and its stockholders; (ii) approved the execution, delivery and performance by the
Company of the Merger Agreement and the Support Agreements (as defined below), and the consummation of the transactions contemplated thereby,
including the Merger (collectively, with the financing contemplated by the Equity Commitment Letter (as defined below), the “Transactions”);
(iii) declared advisable the Merger Agreement and the Transactions on the terms and subject to the conditions set forth in the Merger
Agreement; (iv) resolved to recommend that the Company’s stockholders vote to approve and adopt the Merger Agreement and the
Transactions, including the Merger (such recommendation, the “Company Board Recommendation”); and (v) directed
that the Merger Agreement be submitted to the Company’s stockholders for their approval.

At the effective time of the Merger (the “Effective Time”), each issued and outstanding share of Common Stock, par value $0.0001per share (“Company Stock”),
of the Company (other than (i) Rollover Shares (