Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 31

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 31
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 share attributable to new investors in offering                      |     | $ | 0.400 |
| As adjusted net tangible book value per share as of September 30, 2024, after giving effect to this offering |     | $ | 1.004 |
| Dilution per share to new investors in this offering                                                         |     | $ | 5.996 |

If the underwriters exercise their option in
full to purchase an additional 1,071,429 Class A Ordinary Shares, our as adjusted net tangible book value per share after this
offering would be approximately $1.060 per share, representing an increase of as adjusted net tangible book value of $0.456 per
share to our existing shareholders and an immediate dilution of approximately $5.940 per share to investors participating in this
offering.

The number of Class A Ordinary Shares that will be outstanding after this offering is based on 98,505,058 Class A Ordinary Shares outstanding (assuming the conversion by shareholders of all 46,659,565 Class B Ordinary Shares for Class A Ordinary Shares on a one-to-one basis) as of September 30, 2024 and excludes:

| ● | 2,682,597                                                                                    
 Class A Ordinary Shares issuable upon the exercise of 5,365,194 public warrants outstanding, 
 the holder of each such warrant entitled to purchase one-half (1/2) of one Class A Ordinary  
 Share at an exercise price of $11.50 per full share;                                         |

| ● | 175,000                                                                                     
 Class A Ordinary Shares issuable upon the exercise of 350,000 private placement warrants    
 outstanding, and the holder of each such warrant entitled to purchase one-half (1/2) of one 
 Class A Ordinary Share at an exercise price of $11.50 per full share;                       |

| ● | 2,839,951                                                                                        
 Class A Ordinary Shares issuable upon the exercise of a warrant to purchase our Class A Ordinary 
 Shares by GEM Yield Bahamas Ltd. at an exercise price of $11.50 per full share;                  |

| ● | 3,850,857                                                                                       
 Class A Ordinary Shares issuable upon the exercise of certain common warrants issued on October 
 30, 2023, at an exercise price of $9.00 per full share;                                         |

| ● | 25,672                                                                                      
 Class A Ordinary Shares issuable upon the exercise of certain PA warrants issued on October 
 30, 2023,