---
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"
generated_at: "2026-05-25T11:32:55.847531+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Northann subsidiary enters $24M EB-5 loan from CEO-affiliated entity at 1% interest

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-25-000217
- JSON: https://secwatch.observer/filing/0001575872-25-000217.json
- Plain text: https://secwatch.observer/filing/0001575872-25-000217.txt

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