Northann enters two software asset deals; issues 27.5M shares

Northann Corp.

Kingsford APA: $5M purchase for supply chain mgmt software; paid via 12.5M shares ($0.40/sh).
Asia Resource Development: $6M for custom intelligent decoration platform; paid via 15M shares in two tranches.
Both transactions require stockholder and NYSE American approval before share issuance.
Shares are unregistered restricted securities, issued under Section 4(a)(2) exemption; no affiliates.
Closing conditions include approvals; shares held for investment, not distribution.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Northann Corp. entered into Asset Purchase Agreement with Kingsford Consultancy Ltd. valued at $5,000,000 (effective 2025-11-23).

Action: entry
Agreement: asset purchase
Counterparty: Kingsford Consultancy Ltd.
Value: $5,000,000
Effective: 2025-11-23

Exact text from the filing

On November 23, 2025, the Northann Corp. (the “Company”) entered into an a sset p urchase a greement with Kingsford Consultancy Ltd. (“Kingsford”, and such agreement, the “Asset Purchase Agreement”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Northann Corp. entered into Development Agreement with Asia Resource Holdings Limited valued at $6,000,000 (effective 2025-11-23).

Action: entry
Agreement: license
Counterparty: Asia Resource Holdings Limited
Value: $6,000,000
Effective: 2025-11-23

Exact text from the filing

On November 23, 2025, the Company entered into a d evelopment a greement with Asia Resource Holdings Limited (“Asia Resource”, and such agreement, the “Development Agreement”).

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Northann Corp. filing history →

Source: SEC EDGAR

accession 0001575872-25-000717

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