TrueCar to be acquired by founder-led investor group for $227M

* TrueCar (NASDAQ:TRUE [https://seekingalpha.com/symbol/TRUE]) on Wednesday said it will be acquired by Fair Holdings, an entity led by the comoany's founder Scott Painter, in an all-cash, go-private transaction at $2.55 per share, or an equity value of about $227 million.
* Upon completion of the transaction, Painter will return as Chief Executive Officer. The transaction was unanimously approved by the TrueCar Board of Directors following the conclusion of an extensive strategic review process initiated in late 2024.
* The transaction is expected to close in the fourth quarter of 2025 or early 2026 and includes a standard 30-day "go-shop" period expiring on November 13, 2025.
* Upon completion of the transaction, TrueCar's shares will no longer trade on the Nasdaq Global Select Market.
* Source: Press Release [https://seekingalpha.com/pr/20266782-truecar-to-be-acquired-by-founder-led-strategic-and-financial-investor-group-in-all-cash-go]

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* TrueCar, Inc. 2025 Q2 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4811129-truecar-inc-2025-q2-results-earnings-call-presentation]
* TrueCar, Inc. (TRUE) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4811128-truecar-inc-true-q2-2025-earnings-call-transcript]
* TrueCar, Inc. Q2 2025 Earnings Preview [https://seekingalpha.com/news/4480263-truecar-inc-q2-2025-earnings-preview]
* TrueCar, Inc. Q2 2025 Earnings Preview [https://seekingalpha.com/news/4478649-truecar-inc-q2-2025-earnings-preview]
* Seeking Alpha’s Quant Rating on TrueCar, Inc. [https://seekingalpha.com/symbol/TRUE/ratings/quant-ratings]