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.

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