Company: SDAWW
Filing Date: 2025-10-27
Form Type: 6-K
Source: 0001213900-25-102611
Chunk: 45

Company: SunCar Technology Group Inc.
Filing Date: 2025-10-27
Form: 6-K
Chunk 45
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| Net cash used in operating activities     |     | $                        | (2,625 | ) |     | $    | (9,256 | ) |
| Net cash used in investing activities     |     |                          | (7,290 | ) |     |      | (7,611 | ) |
| Net cash provided by financing activities |     |                          |    208 |   |     |      | 13,977 |   |
| Effect of exchange rate changes           |     |                          |   (159 | ) |     |      |    380 |   |
| Net decrease in cash and restricted cash  |     | $                        | (9,866 | ) |     | $    | (2,510 | ) |

Our principal sources of liquidity have been cash provided from bank borrowings and revenue generated from business operations. As of June 30, 2025, we had US$24.3 million in cash, and US$2.7 million restricted cash, of which US$21.6 million in cash and US$2.7 million in restricted cash were denominated in Renminbi held at banks located in China, US$2.7 million in cash was denominated in US dollar and HK dollar held at banks located in United States and Hong Kong. 10 We believe that our current cash on hand, short-term investments, and cash provided by equity securities will be sufficient to meet the current and anticipated needs for general corporate purposes for at least the next 12 months. We may, however, need additional cash resources in the future if we experience changes in business conditions or other developments. We may also need additional cash resources in the future if we find and wish to pursue opportunities for investment, acquisition, capital expenditures, or similar actions. If we determine that the cash requirements exceed the amount of cash on hand, we may seek to issue equity or equity-linked securities or obtain debt financing. The issuance and sale of additional equity would result in further dilution to the shareholders. The incurrence of indebtedness would result in increased fixed obligations and could result in operating covenants that would restrict our operations. We expect that substantially all of our future revenues will be denominated in RMB. Under existing PRC foreign exchange regulations, payments of current account items, including profit distributions, interest payments and trade and service-related foreign exchange transactions, can be made