TrueCar (NASDAQ: TRUE) faces removal of common stock from Nasdaq listing

Rhea-AI Filing Summary

TrueCar, Inc. has filed a Form 25 indicating that its common stock is being removed from listing and/or registration on the Nasdaq Stock Market LLC under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq certifies that it has complied with its own rules and the relevant SEC regulations to strike this class of securities from listing or withdraw its registration. The notification is signed on behalf of Nasdaq by an authorized CDO Analyst.

Positive

• None.

Negative

• Removal from Nasdaq listing: TrueCar, Inc. common stock is being removed from listing and/or registration on the Nasdaq Stock Market LLC under Section 12(b) of the Exchange Act, a materially adverse development for shareholders’ trading venue and perceived status.

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Equity markets & listing specialist

TrueCar common stock is being removed from Nasdaq listing.

The filing states that TrueCar, Inc. common stock is being removed from listing and/or registration on the Nasdaq Stock Market LLC pursuant to Section 12(b) of the Exchange Act. Nasdaq certifies it has followed its own rules and the SEC’s 12d2-2 procedures to strike the class of securities from listing or process a withdrawal.

Removal from a major exchange typically shifts trading to less liquid venues, which can affect pricing and access for some investors, although the filing does not describe subsequent trading arrangements. The notification is executed by an authorized Nasdaq CDO Analyst, confirming that the exchange believes it meets all requirements for filing Form 25 as of 2026-01-21.

UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-36449

Issuer:	TrueCar, Inc.
Exchange:	Nasdaq Stock Market LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	225 Santa Monica Blvd, 12th Floor
	Santa Monica	CALIFORNIA	90401
Telephone number:					(800) 200-2000

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Common Stock

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2026-01-21	By	Jennifer Fainer		CDO Analyst
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does TrueCar, Inc. (TRUE) disclose in this Form 25 filing?

TrueCar, Inc. discloses that its common stock is being removed from listing and/or registration on the Nasdaq Stock Market LLC under Section 12(b) of the Securities Exchange Act of 1934.

Which securities of TrueCar, Inc. are affected by this Nasdaq removal?

The filing specifies that the affected security is TrueCar, Inc. common stock, which is being struck from listing and/or having its registration withdrawn on Nasdaq.

Who is the exchange involved in TrueCar, Inc.’s delisting action?

The exchange involved is the Nasdaq Stock Market LLC, which certifies that it has complied with its rules and SEC regulations to remove TrueCar, Inc.’s common stock from listing and/or registration.

Under what legal authority is TrueCar, Inc.’s stock being removed from Nasdaq?

The removal proceeds under Section 12(b) of the Securities Exchange Act of 1934 and related rules, including 17 CFR 240.12d2-2, cited in the notification.

Who signed the Nasdaq notification regarding TrueCar, Inc.’s removal from listing?

The notification is signed on behalf of Nasdaq Stock Market LLC by Jennifer Fainer, identified in the filing as a CDO Analyst, dated 2026-01-21.