Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 205

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 205
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 who (1) does not vote in favor of the Merger Proposal; (2) continuously is the record holder or beneficial owner of such shares of Common Stock from the date of the making of the demand through the effective date of the Merger; and (3) otherwise follows the procedures set forth in Section 262, may be entitled to have its shares of Common Stock appraised by the Delaware Court of Chancery and to receive payment in cash of the “fair value” of the shares of Common Stock, exclusive of any element of value arising from the accomplishment or expectation of the Merger, together with interest to be paid, if any, on the amount determined to be fair value, as determined by the Delaware Court of Chancery in lieu of the Merger Consideration such person would be entitled to receive pursuant to the Merger Agreement, unless such holder or beneficial owner fails to perfect, validly withdraws or otherwise waives or forfeits such person’s rights to appraisal. The “fair value” of the shares of Common Stock as determined by the Delaware Court of Chancery may be more than, the same as, or less than the per share consideration the Company Stockholders or beneficial owners are otherwise entitled to receive under the Merger Agreement. Stockholders and beneficial owners should be aware that an investment banking opinion as to the fairness, from a financial point of view, of the consideration payable in a sale transaction, such as the Merger, is not an opinion as to, and does not otherwise address “fair value” under Section 262 of the DGCL.

Under Section 262, where a merger agreement is to be submitted for adoption and approval at a meeting of stockholders, the corporation, not less than 20 days prior to the meeting, must notify each of its stockholders entitled to appraisal rights that appraisal rights are available and include in the notice a copy of Section 262 or information directing the stockholders to a publicly available electronic resource at which Section 262. This proxy statement constitutes notice that appraisal rights are available in connection with the Merger, and the full text of Section 262 is attached to this proxy statement as Annex F. The full text of Section 262 of the DGCL is also accessible at the following publicly available website:**

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https://delcode.delaware.gov/title8/c001/sc09/index.html#262. In connection with the Merger, any holder or beneficial owner of shares of Common Stock who wishes to