Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 110

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 110
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 well as matters specific to TrueCar’s business, all of which are difficult or impossible to predict accurately and many of which are beyond TrueCar’s control. The Projections reflect subjective judgment in many respects and thus are susceptible to multiple interpretations and periodic revisions based on actual experience and business developments. As such the Projections constitute forward-looking information and are subject to many risks and uncertainties that could cause actual results to differ materially from the results forecasted in the Projections, including, but not limited to, general business and economic conditions, conditions in the industries and businesses in which TrueCar operates, TrueCar’s business and financial performance, customer requirements, staffing levels, competition, adverse changes in applicable laws, regulations or rules, the ability to successfully pursue and complete acquisitions or divestitures, and the various other risks set forth in TrueCar’s periodic reports filed with the SEC, including TrueCar’s Annual

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Report on Form 10-Q for the fiscal quarter ended September 30, 2025, and the risks described under the section above entitled “Cautionary Statement Concerning Forward-Looking Information.” There can be no assurance that the Projections will be realized or that actual results will not be significantly higher or lower than the Projections. The Projections cover numerous years, and such information by its nature becomes less reliable with each successive year. In addition, the Projections will be affected by TrueCar’s ability to achieve strategic goals, objectives and targets over the applicable periods. The Projections reflect assumptions as to certain business decisions that are subject to change and cannot, therefore, be considered a guarantee of future operating results, and this information should not be relied on as such. The inclusion of the Projections herein should not be regarded as an indication that TrueCar or Morgan Stanley, their respective directors, officers, affiliates, advisors, or other representatives or anyone who received this information then considered, or now considers, them a reliable prediction of future events, and this information should not be relied upon as such. Further, the inclusion of the Projections herein should not be deemed an admission or representation by TrueCar or any other person that they view such Projections as material information. TrueCar has made no representation to Parent or otherwise concerning the Projections. The inclusion of the Projections in this proxy statement should not be regarded as an indication that the Projections will be necessarily predictive of actual future events. No representation is made by TrueCar or any other person regarding the Projections or TrueCar’s ultimate performance compared