Northann Corp. to issue 120M shares in two private placements; significant dilution expected

Northann Corp.

Oneflow LLC leads purchase of 40M shares; X29 LLC leads purchase of 80M shares in separate private placements.
Proceeds used for working capital; closings subject to stockholder and NYSE American approval.
Post-issuance shares: 86.5M after Oneflow, 166.5M after X29; pricing at 5-day VWAP before closing.
Registration rights agreements filed; shares are unregistered and subject to Rule 144 or registration.

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