---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-005627"
form_type: "8-K"
ticker: null
cik: "0001327318"
company_name: "TrueCar, Inc."
filed_at: "2026-01-22T23:59:59+00:00"
generated_at: "2026-05-16T08:42:42.943273+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# TrueCar completes $227M take-private at $2.55/share; delists from Nasdaq, Painter returns as CEO

## Summary
- All outstanding shares (except rollover/dissenting) canceled for $2.55 cash; aggregate consideration ~$227M.
- TrueCar stock ceased trading on Nasdaq on January 21, 2026; intends to terminate SEC reporting obligations.
- Scott Painter appointed CEO and sole director; former directors and officers resigned effective upon Merger close.
- Strategic investor group includes PenFed, Zurich North America, AutoNation (NYSE: AN), Impel AI, ID.me, CRIF, In The Car.
- Transaction funded by consortium led by Fair Holdings; PenFed CEO James Schenck to join Fair Holdings board.

## SEC filing metadata
- accession: 0001104659-26-005627
- form_type: 8-K
- cik: 0001327318
- company_name: TrueCar, Inc.
- filed_at: 2026-01-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327318/000110465926005627/0001104659-26-005627-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327318/000110465926005627/tm263811d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-005627
- JSON: https://secwatch.observer/filing/0001104659-26-005627.json
- Plain text: https://secwatch.observer/filing/0001104659-26-005627.txt

## Source-grounded claims
- claim_id: 1432918a2f3a54e78f420fb504dd1e0b9eda7625
  claim: TrueCar, Inc. underwent a change of control involving Fair Holdings, Inc. for $2.55 per share in cash (closed 2026-01-21).
  evidence_excerpt: their respective subsidiaries, excluding any Rollover Shares (each of (ii) and (iii), an “Excluded Share”)), was automatically canceled and converted into the right to receive $2.55 per share in cash, without interest (the “Merger Consideration”) and subject to any applicable withholding taxes. At the Effective Time, each Excluded Share was automatically
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327318/000110465926005627/0001104659-26-005627-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.