Company: SDAWW
Filing Date: 2025-02-04
Form Type: 6-K
Source: 0001213900-25-010076
Chunk: 19

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-04
Form: 6-K
Chunk 19
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”) with FT Global Capital, Inc., to act as exclusive placement
agent in connection with the Follow-on Offering (the “Placement Agent”). The Company agreed to pay the Placement Agent a cash
fee equal to % of the gross proceeds raised in the Follow-on Offering. In addition, the Company agreed to issue to the Placement Agent
warrants (“PA Warrants”) to purchase a number of Ordinary Shares equal to % of the aggregate number of Ordinary Shares sold
in the Follow-on Offering, at an exercise price equal to $ per share. The number of PA Warrants issued to FT Global Capital, Inc
was .

The Common Warrants and PA Warrants met the criteria
for equity classification. The fair value of the Common Warrants and PA Warrants were of $, valued based on the Black-Scholes-Merton
model and is recorded as additional paid-in capital from common stock on the relative fair value of net proceeds received.

|                          |     | GEM      
 Warrants |       |   |     | Public   
 Warrants 
 and      
 Private  
 Warrants |       |   |     | Common   
 Warrants |       |   |     | PA       
 Warrants |       |   |
| Expected term (in years) |     |          |     3 |   |     |          |     5 |   |     |          |     5 |   |     |          |     5 |   |
| Volatility               |     |          | 59.84 | % |     |          | 59.84 | % |     |          | 63.84 | % |     |          | 63.84 | % |
| Risk-free interest rate  |     |          |  3.94 | % |     |          |  3.59 | % |     |          |  4.80 | % |     |          |  4.80 | % |
| Dividend yield           |     |          |     - |   |     |          |     - |   |     |          |     - |   |     |          |     - |   |

| (1) | Expected term (in years) |

Expected term (in years) of the warrants is extracted from
warrant agreements.

F-17

| (2) | Volatility |

The volatility of the underlying ordinary
shares during the lives of the warrants was estimated based on the historical stock price volatility of comparable listed companies over
a period comparable