Company: SDAWW
Filing Date: 2025-10-27
Form Type: 6-K
Source: 0001213900-25-102611
Chunk: 19

Company: SunCar Technology Group Inc.
Filing Date: 2025-10-27
Form: 6-K
Chunk 19
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 (i) 5,750,000warrants (the “Public Warrants”) with each Public Warrant exercisable to purchase one-half (1/2) of oneClass A Ordinary Share at a price of $ 11.50per share, such Public Warrants originally issued in the initial public offering of Goldenbridge by holders, and (ii) 350,000warrants (the “Private Warrants”) with each Private Warrant exercisable to purchase one-half (1/2) of oneClass A Ordinary Share at a price of $ 11.50per share, such Private Warrants originally issued in a private placement by Goldenbridge in connection with the initial public offering of GBRG by the holders.

When the Public Warrants are exercisable, the Company may redeem the Public Warrants in whole, and not in part, at a price of $ 0.01per warrant:

| (i) | If, and only if the last reported sales price of the Class A Ordinary Shares equals or exceeds $16.50 per share (subject to adjustment for splits, dividends, recapitalizations and other similar events) for any 20 trading days within a 30-trading day period ending on the third business day prior to the date on which the Company send the notice of redemption to the warrant holders. |

| (ii) | Upon                                                      
 a minimum of 30 day’s prior written notice of redemption. |

F-19 SUNCAR TECHNOLOGY GROUP INC NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar thousands, except share and per share data) If the foregoing conditions are satisfied and the Company would issue a notice of redemption, each Public Warrant holder can exercise his, her or its warrant prior to the scheduled redemption date. However, the price of the ordinary shares may fall below the $ 16.50trigger price as well as the $ 11.50warrant exercise price per full share after the redemption notice is issued and not limit our ability to complete the redemption. The redemption criteria for the Public Warrants have been established at a price which is intended to provide warrant holders a reasonable premium to the initial exercise price and provide a sufficient differential between the then-prevailing share price and the warrant exercise price so that if the share price declines as a result of the Company’s redemption call, the redemption will not cause the share price to drop below the exercise price of the warrants. Except as described below, the Private Warrants