Northann Corp. issues 5M Series A Preferred shares to CEO Lin Li for $5,000, increasing his voting control.

Northann Corp.

Board authorized issuance of 5M shares Series A Preferred to CEO Lin Li for $5,000.
After issuance, Lin Li holds all 10M shares of Series A Preferred, each with 10 votes.
No stockholder approval was required; exemption under Section 4(2) of Securities Act.
This issuance increases CEO's voting power significantly; he already held 5M shares.

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