TrueCar, Inc. is moving forward with a transaction in which it will become a wholly owned subsidiary of Fair Holdings, Inc., a company led by TrueCar founder Scott Painter and backed by Alpha Auto 2, LLC. Under the terms of the agreement, Rapid Merger Subsidiary, Inc., a subsidiary of Fair Holdings, will merge with and into TrueCar, with TrueCar continuing as the surviving company. TrueCar has filed a definitive proxy statement with the SEC and has scheduled a special meeting of its stockholders for December 22, 2025, to vote on the proposed transaction.
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