{"schema_version":"secwatch.filing_event.v1","accession":"0001575872-24-000726","form_type":"8-K","ticker":"NCL","cik":"0001923780","company_name":"Northann Corp.","filed_at":"2024-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.224735+00:00","generated_at":"2026-06-01T01:12:31.532952+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Northann Corp. issues 5M Series A Preferred shares to CEO Lin Li for $5,000, increasing his voting control.","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001575872-24-000726","json":"https://secwatch.observer/filing/0001575872-24-000726.json","markdown":"https://secwatch.observer/filing/0001575872-24-000726.md","text":"https://secwatch.observer/filing/0001575872-24-000726.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1923780/000157587224000726/0001575872-24-000726-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1923780/000157587224000726/ncl-20240622.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T01:12:31.532952+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}