Northann Corp. (NCL): Nasdaq/NYSE listing notice — NYSE American notifies Northann of non-compliance with equity standard; shares to trade with ".BC"

Northann Corp.

Stockholders' equity ~$1.8M as of Sep 30, 2025, below required $2M; losses in two of three recent fiscal years.
Must submit compliance plan by Jan 7, 2026; deadline to regain compliance by June 8, 2027.
Outstanding fee balance of $60,000 must be paid before plan review.
No immediate effect on trading; company intends to submit plan and pay fees.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Northann Corp. received a nyse_american deficiency notice notice regarding stockholders equity (rules 1003(a)(i)).

Exchange: nyse american
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 1003(a)(i)

Exact text from the filing

December 8, 2025, Northann Corp. (the “Company”) received a letter (the “Letter”) from the staff of NYSE American LLC (the “Exchange”) stating that the Company was not in compliance with the Exchange’s continued listing standards under Section 1003(a)(i) of the NYSE American Company Guide (the “Company Guide”), as it had stockholders’ equity of approximately $1.8 million as of September 30, 2025, and losses from continuing operations and/or net losses in two of its three most recent fiscal years ended December 31, 2024. Section 1003(a)(i) of the Company Guide requires a listed company to have

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Northann Corp. filing history →

Source: SEC EDGAR

accession 0001575872-25-000755

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