{"schema_version":"secwatch.filing_event.v1","accession":"0001575872-25-000717","form_type":"8-K","ticker":"NCL","cik":"0001923780","company_name":"Northann Corp.","filed_at":"2025-11-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.079373+00:00","generated_at":"2026-05-16T17:22:55.609675+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Northann enters two software asset deals; issues 27.5M shares","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001575872-25-000717","json":"https://secwatch.observer/filing/0001575872-25-000717.json","markdown":"https://secwatch.observer/filing/0001575872-25-000717.md","text":"https://secwatch.observer/filing/0001575872-25-000717.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1923780/000157587225000717/0001575872-25-000717-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1923780/000157587225000717/ncl-20251124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:22:55.609675+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"}