Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 30

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 30
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 will be used as working capital, including continuing to advance our technologies, and for general corporate purposes. Our expected use of proceeds from the sale of the securities offered hereby represents our current intentions based on our present plans and business condition. As of the date of this prospectus supplement, we cannot predict with certainty all of the particular uses for the proceeds to be received from the sale of the securities offered hereby or the amounts that we will actually spend on the uses set forth above.

Pending the use of the net proceeds, we may invest the proceeds in interest-bearing, investment-grade securities, certificates of deposit or government securities.

<div align='center'>S-11

DILUTION</div>

If you purchase Class A Ordinary Shares in this offering, your ownership
interest will be diluted to the extent of the difference between the purchase price per share and the as adjusted net tangible book value
per share after giving effect to this offering. We calculate net tangible book value per share by dividing the net tangible book value,
which is total tangible assets less total liabilities, by the number of Class A Ordinary Shares (assuming the conversion by shareholders
of all Class B Ordinary Shares for Class A Ordinary Shares). Dilution represents the difference between the portion of the amount per
share paid by purchasers of Class A Ordinary Shares in this offering and the as adjusted net tangible book value per share of Class A
Ordinary Share immediately after giving effect to this offering. Our net tangible book value as of September 30, 2024, was approximately
$59.40 million, or $0.604 per share.

After giving effect to the issuance and sale of Class
A Ordinary Shares in this offering at a sale price of $7.00 per share, and after deducting commissions and estimated aggregate offering
expenses payable by us, our as adjusted net tangible book value as of September 30, 2024, would have been $105.8 million, or $1.004 per
Class A Ordinary Share. This represents an immediate increase in the as adjusted net tangible book value of $0.400 per share to our existing
shareholders and an immediate dilution of $5.996 per share to new investors purchasing shares in this offering. The following table illustrates
this per share dilution:

| Public offering price per share                                                                              |     | $ | 7.000 |
| Net tangible book value per share as of September 30, 2024                                                   |     | $ | 0.604 |
| Increase in net tangible book value per