TrueCar shareholders approve transaction with Fair Holdings

TrueCar (TRUE) 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.