Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 82

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 82
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 previous analyses. A representative of Alston then provided an update on the status of various transaction documents and substantive considerations related thereto.

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TABLE OF CONTENTS

Over the weekend of April 26-27, 2025, Mr. Painter and Mr. Reigersman spoke several times by telephone regarding the status of Fair’s financing for the transaction.

On April 28, 2025, Mr. Painter informed Mr. Reigersman that Fair was unable to secure committed financing sufficient to complete a transaction at $3.14 per share. Mr. Painter further indicated that Fair might be able to secure sufficient financing to buy blocks of shares from major Company Stockholders at $3.14 per share. In response, Mr. Reigersman encouraged Fair to continue to work to secure committed financing sufficient to complete a transaction for the entire company.

On May 5 and 6, 2025, Mr. Painter called Mr. Reigersman to provide an update regarding Fair’s ongoing efforts to secure financing. Mr. Reigersman encouraged Mr. Painter to keep working to secure financing and emphasized the desire of the Company to finalize terms quickly. Also on May 6, Mr. Reigersman and Mr. Foley met with representatives of a Company Stockholder (“

#### Stockholder D
”) to provide a routine update regarding the Company’s business. Representatives of Stockholder D expressed their viewpoint that, in light of recent declines in the trading price for the Common Stock, it would be advisable for the Company to commence a formal process to evaluate strategic alternatives.

On May 20, 2025, at the request of Stockholder C, Mr. Reigersman and Mr. Foley again met with a representative of Stockholder C to provide a routine update regarding the Company’s business. Representatives of Stockholder C again expressed their viewpoint that it would be advisable for the Company to commence a formal process to evaluate strategic alternatives.

On May 21, 2025, the Transaction Committee met and Mr. Reigersman provided an update with respect to the call with Stockholder C and the status of negotiations with Fair, including Mr. Painter’s message of continued pressure on price from Fair’s potential sources of financing.

From May 24 through May 31, 2025, representatives of the Company and Morgan Stanley, at the direction of the Board contacted several potential counterparties to explore such parties’ interest in a potential acquisition of the Company. The group included several parties previously contacted that were perceived as possibly having