TRUE News & Events

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.

TrueCar announced that independent proxy advisory firms Institutional Shareholder Services, or ISS, and Glass Lewis have recommended that TrueCar stockholders vote "for" the company's pending transaction with Fair Holdings, an entity led by TrueCar founder Scott Painter, in advance of the upcoming Special Meeting of Stockholders on December 22. The transaction is expected to close in Q4 2025 or early 2026, subject to approval by TrueCar stockholders and satisfaction of other closing conditions.

JPMorgan lowered the firm's price target on Truecaller to SEK 39 from SEK 73 and keeps an Overweight rating on the shares.