{"schema_version":"secwatch.filing_event.v1","accession":"0001575872-25-000217","form_type":"8-K","ticker":"NCL","cik":"0001923780","company_name":"Northann Corp.","filed_at":"2025-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.585234+00:00","generated_at":"2026-05-25T11:32:55.847531+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Northann subsidiary enters $24M EB-5 loan from CEO-affiliated entity at 1% interest","bullets":["Loan of up to $24M from 3DFLOR OPPORTUNITY (controlled by CEO Lin Li) to subsidiary 3D PRINTING DEV.","Interest rate 1% per year, principal due at 3-year maturity.","Secured by pledge of all 49M Class A Units of 3D PRINTING DEV held by Benchwick LLC.","Proceeds to be used for expansion of 3D printing facility in Fort Lawn, South Carolina.","Loan is EB-5 program-related; Lender is raising funds via private placement."],"urls":{"canonical":"https://secwatch.observer/filing/0001575872-25-000217","json":"https://secwatch.observer/filing/0001575872-25-000217.json","markdown":"https://secwatch.observer/filing/0001575872-25-000217.md","text":"https://secwatch.observer/filing/0001575872-25-000217.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1923780/000157587225000217/0001575872-25-000217-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1923780/000157587225000217/ncl-20250121.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T11:32:55.847531+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"}