Northann Corp. raises $1.35M via private placement of 9M shares at $0.15/share

Northann Corp.

Issued 9,000,000 shares of common stock at $0.15 per share, raising $1,350,000.
Closing occurred December 20, 2024; securities are unregistered under the Securities Act.
Lead investor Caitlin Xu Kang and other passive investors participated in the placement.
Total shares outstanding after issuance: 55,464,400.
Proceeds will be used for working capital.

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