{"schema_version":"secwatch.filing_event.v1","accession":"0001575872-25-000284","form_type":"8-K","ticker":"NCL","cik":"0001923780","company_name":"Northann Corp.","filed_at":"2025-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.483034+00:00","generated_at":"2026-05-23T21:25:16.482472+00:00","sec_items":["3.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Northann closes $8.1M private placement of 40M shares; CEO voting power drops below 50%","bullets":["Issued 40M shares at $0.2033/share to Oneflow LLC and four other investors, raising $8.1M gross proceeds.","Proceeds to be used as working capital; post-issuance shares outstanding rise to 95.46M.","CEO Lin Li's voting power reduced from majority to 44.3%, ending controlled company status under NYSE American.","Closing occurred March 31, 2025 after stockholder approval on Dec 31, 2024 and NYSE approval on Jan 13, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001575872-25-000284","json":"https://secwatch.observer/filing/0001575872-25-000284.json","markdown":"https://secwatch.observer/filing/0001575872-25-000284.md","text":"https://secwatch.observer/filing/0001575872-25-000284.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1923780/000157587225000284/0001575872-25-000284-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1923780/000157587225000284/ncl-20250331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T21:25:16.482472+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"}