Northann Corp. settles $1M convertible notes for $500k; notes and warrants terminated

Northann Corp.

Settled $1M convertible notes and warrants with investors Sam Yan and Hongyu Wang for $500k cash on May 24, 2024.
Company previously paid $1.2M in 2023, bringing total settlement consideration to $1.7M.
Security interests and UCC financing statements released as part of settlement.
Convertible notes and warrants are fully terminated and null and void.

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