{"schema_version":"secwatch.filing_event.v1","accession":"0001575872-24-001243","form_type":"8-K","ticker":"NCL","cik":"0001923780","company_name":"Northann Corp.","filed_at":"2024-12-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.358855+00:00","generated_at":"2026-05-29T06:48:25.575475+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Northann Corp. to issue 120M shares in two private placements; significant dilution expected","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001575872-24-001243","json":"https://secwatch.observer/filing/0001575872-24-001243.json","markdown":"https://secwatch.observer/filing/0001575872-24-001243.md","text":"https://secwatch.observer/filing/0001575872-24-001243.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1923780/000157587224001243/0001575872-24-001243-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1923780/000157587224001243/ncl-20241206.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T06:48:25.575475+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"}