secwatch.observer — SEC 8-K summary
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Issuer:     Northann Corp. (NCL)
CIK:        0001923780
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001575872-23-001647
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1923780/000157587223001647/0001575872-23-001647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1923780/000157587223001647/ncl-20231018.htm
  HTML page:      https://secwatch.observer/filing/0001575872-23-001647

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