Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 52

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 52
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 or investment fund or other entity controlling, controlled by, managing, or managed by or under common control with the Lock-Up Parties, (d) transfers of Class A Ordinary Shares or any security convertible into Class A Ordinary Shares by will, testamentary document or intestate succession upon the death of the Lock-up Parties, or pursuant to a court order or settlement agreement related to the distribution of assets in connection with the dissolution of a marriage or civil union, (e) the exercise or conversion of the warrants outstanding as of the date hereof that are convertible or exchangeable into Class A Ordinary Shares, provided that the restrictions will apply to the Class A Ordinary Shares issued upon the exercise or conversion, provided that such exercise or conversion of the warrants does not require a filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, (f) the transfer or disposition of Class A Ordinary Shares in respect of tax payments due upon the vesting of equity-based awards pursuant to the Company’s equity incentive plans (provided that to the extent a public announcement is made during the lock-up period, such announcement or filing shall include a statement to the effect that transactions relate solely to such tax withholding payments), (g) sales or other dispositions to a bona fide third party pursuant to a merger, consolidation, tender offer or other similar transaction made to all holders of Class A Ordinary Shares and involving a change of control and approved by the Company’s board of directors. Provided for transfers made pursuant to clauses (b)-(d) that (i) the transferee/donee agrees to be bound by the terms of the lock-up agreement to the same extent as if the transferee/donee were a party thereto and (ii) if any public reports or filings are made during the lock-up period, (1) the Lock-up Parties will provide the underwriters with prior written notice informing them of such report or filing and (2) such report or filing will disclose that such donee, trustee, distributee or transferee, as the case may be, agrees to be bound in writing by the restrictions set forth in the lock-up agreement.

BTIG, LLC, in its sole discretion, may release the Class A Ordinary Shares and other securities subject to the lock-up agreements in the three immediately preceding paragraphs in whole or in part at any time subject to applicable notice requirements.

Our Class A Ordinary Shares is listed on the Nasdaq Capital Market under the symbol “SDA.”

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