Company: SDAWW
Filing Date: 2025-12-22
Form Type: 6-K
Source: 0001213900-25-124170
Chunk: 23

Company: SunCar Technology Group Inc.
Filing Date: 2025-12-22
Form: 6-K
Chunk 23
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| 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.

| (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 to the expected term of the options.

| (3) | Risk-free     
 interest rate |

Risk-free interest rate was estimated
based on the daily treasury long term rate of the U.S. Treasury Department with a maturity period close to the expected term of the warrants.

| (4) | Dividend 
 yield    |

The dividend yield was estimated by
the Group based on its expected dividend policy over the expected term of the warrants.

F-21 SUNCAR TECHNOLOGY GROUP INC NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar thousands, except share and per share data)

The table summarizes the status of warrants outstanding
and exercisable as of September 30, 2025:

|                                                |     | Warrants |            |     | Weighted Average 
 Exercise Price   |       |
|:-----------------------------------------------|:----|:---------|-----------:|:----|:-----------------|------:|
| Warrants outstanding, as of December 31, 2024  |     |          | 12,431,674 |     | $                | 10.72 |
| Warrants exercisable, as of December 31, 2024  |     |          | 12,431,674 |     | $                | 10.72 |
| Issued                                         |     |          |          - |     |                  |     - |
| Exercised