secwatch.observer — SEC 8-K summary
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Issuer:     Northann Corp. (NCL)
CIK:        0001923780
Form:       8-K
Filed at:   2024-12-23T23:59:59+00:00
Accession:  0001575872-24-001276
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1923780/000157587224001276/0001575872-24-001276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1923780/000157587224001276/ncl-20241220.htm
  HTML page:      https://secwatch.observer/filing/0001575872-24-001276

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer