TrueCar Shareholders Approve Acquisition by Fair Holdings at $2.55
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
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TrueCar announced that its stockholders voted to approve the previously announced acquisition of TrueCar by Fair Holdings, an entity led by TrueCar founder Scott Painter, at the company's Special Meeting of Stockholders. Under the terms of the agreement, upon the closing of the transaction, TrueCar stockholders will receive $2.55 in cash for each share of TrueCar owned. The transaction is expected to close in January 2026, subject to satisfaction of other closing conditions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
