---
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"
generated_at: "2026-06-01T01:12:31.532952+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-24-000726
- JSON: https://secwatch.observer/filing/0001575872-24-000726.json
- Plain text: https://secwatch.observer/filing/0001575872-24-000726.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.