Northann Corp. closes $6M IPO at $5/share; NYSE American listing

Northann Corp.

Priced 1,200,000 shares at $5.00 per share for gross proceeds of $6,000,000.
Underwriters granted 45-day option to purchase up to 180,000 additional shares.
Net proceeds to fund U.S. facilities/equipment, product development, sales/marketing, working capital.
Officers & directors subject to 180-day lock-up; Representative's warrants for 27,000 shares at $6.25.
Trading began Oct 19, 2023 under symbol 'NCL' on NYSE American.

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