Company: SDAWW
Filing Date: 2025-10-27
Form Type: 6-K
Source: 0001213900-25-102611
Chunk: 21

Company: SunCar Technology Group Inc.
Filing Date: 2025-10-27
Form: 6-K
Chunk 21
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-on Offering, at an exercise price equal to $ 10.225per share. The number of PA Warrants issued to FT Global Capital, Inc was 25,672.

The Common Warrants and PA Warrants met the criteria for equity classification. The fair value of the Common Warrants and PA Warrants were of $ 17,739, valued based on the Black-Scholes-Merton model and is recorded as additional paid-in capital from common stock on the relative fair value of net proceeds received.

The table summarizes the assumptions of the initial fair value of warrants under Black-Scholes-Merton model:

|                          |     | GEM      
 Warrants |       |   |     | Public   
 Warrants 
 and      
 Private  
 Warrants |       |   |     | Common   
 Warrants |       |   |     | PA       
 Warrants |       |   |
| Expected term (in years) |     |          |     3 |   |     |          |     5 |   |     |          |     5 |   |     |          |     5 |   |
| Volatility               |     |          | 59.84 | % |     |          | 59.84 | % |     |          | 63.84 | % |     |          | 63.84 | % |
| Risk-free interest rate  |     |          |  3.94 | % |     |          |  3.59 | % |     |          |  4.80 | % |     |          |  4.80 | % |
| Dividend yield           |     |          |     - |   |     |          |     - |   |     |          |     - |   |     |          |     - |   |

| (1) | Expected        
 term (in years) |

Expected term (in years) of the warrants is extracted from warrant agreements.

| (2) | Volatility |

The volatility of the underlying ordinary shares during the lives of the warrants was estimated based on the historical stock price volatility of comparable listed companies over a period comparable to the expected term of the options.

| (3) | Risk-free     
 interest rate |

Risk-free interest rate was estimated based on the daily treasury long term rate of the U.S. Treasury Department with a maturity period close to the expected term of the warrants.

| (4) | Dividend 
 yield    |

The dividend yield was estimated by the Group based