other_material
confidence high
sentiment neutral
materiality 0.45
Northann Corp. approves 1-for-8 reverse stock split effective Oct 7, 2025
Northann Corp.
- Board approved 1-for-8 reverse split of common and preferred stock to increase share price.
- Split authorized by sole preferred stockholder Lin Li, also CEO and chairman.
- Effective date October 7, 2025; every 8 shares become 1 share.
- No change in authorized shares or proportional ownership; fractional shares rounded up.
- Action taken to maintain listing on NYSE American.
item 8.01