---
schema_version: "secwatch.filing_event.v1"
accession: "0001575872-24-001276"
form_type: "8-K"
ticker: "NCL"
cik: "0001923780"
company_name: "Northann Corp."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:52:04.120556+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001575872-24-001276
- form_type: 8-K
- ticker: NCL
- cik: 0001923780
- company_name: Northann Corp.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1923780/000157587224001276/0001575872-24-001276-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1923780/000157587224001276/ncl-20241220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-24-001276
- JSON: https://secwatch.observer/filing/0001575872-24-001276.json
- Plain text: https://secwatch.observer/filing/0001575872-24-001276.txt

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