SunCar Technology Group Announces Follow-On Public Offering

NEW YORK, Feb. 4, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar") (Nasdaq: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today announced a firm commitment underwritten follow-on public offering of an aggregate of up to $50 million of Class A Ordinary Shares, par value$0.0001 per share (the "Class A Ordinary Shares"). In connection with the offering, SunCar intends to grant the underwriters a 30-day option to purchase an aggregate of up to $7.5 milli ...