---
schema_version: "secwatch.filing_event.v1"
accession: "0001575872-24-001177"
form_type: "8-K"
ticker: "NCL"
cik: "0001923780"
company_name: "Northann Corp."
filed_at: "2024-11-15T23:59:59+00:00"
generated_at: "2026-05-29T23:57:32.181732+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001575872-24-001177
- form_type: 8-K
- ticker: NCL
- cik: 0001923780
- company_name: Northann Corp.
- filed_at: 2024-11-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: medium
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1923780/000157587224001177/0001575872-24-001177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1923780/000157587224001177/ncl-20241113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-24-001177
- JSON: https://secwatch.observer/filing/0001575872-24-001177.json
- Plain text: https://secwatch.observer/filing/0001575872-24-001177.txt

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