Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 24

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 24
---
 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, at an exercise price of $10.225 per full share. |

Except as otherwise indicated, all information in this prospectus supplement assumes no exercise of the underwriters’ option to purchase additional Class A Ordinary Shares.

<div align='center'>S-7

RISK FACTORS</div>

Investing in our securities involves risk. Before making a decision to invest in our securities, you should carefully consider the risks disclosed in our then-most recent Annual Report on Form 20-F, and any updates to those risk factors in our reports on Form 6-K incorporated by reference in this prospectus supplement, together with all of the other information appearing or incorporated by reference in this prospectus supplement, in light of your particular investment objectives and financial circumstances. Although we discuss key risks in our discussion of risk factors, new risks may emerge in the future, which may prove to be significant. We cannot predict future risks or estimate the extent to which they may affect our business, results of operations, financial condition and prospects.

Risks Related to an Investment in Our Securities and this Offering

Our management team will have immediate and broad discretion over the use of the net proceeds from this offering and may not use them effectively.

We currently intend to use the net proceeds of this offering for working capital and general corporate purposes. See “Use