Northann acquires Raleigh Industries for 4.5M shares; closes same day

Northann Corp.

Acquired all shares of Raleigh Industries Limited (HK) from Jianqun Xu for 4,500,000 shares of Northann common stock.
Transaction closed on November 13, 2024; outstanding shares increased to 34,364,000.
Consideration shares issued as unregistered securities under Section 4(a)(2) and Rule 506 of Regulation D.
Seller represented as accredited investor; shares subject to legend and potential registration if R&D milestones met within 3 months.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.