Northann trading halted, auditor resigns, financials non-reliable, chairman replaced

Northann Corp.

NYSE American halted NCL trading June 25, 2026 over 10-K filed without auditor approval; halt remains.
Auditor LAO Professionals resigned June 8, 2026; disclaimed audit report and said 10-K filed without its consent.
Company advises investors not to rely on FY2024/2025 financials; new audit to be performed by replacement firm.
Lin Li resigned as Chairman Aug 10, 2026; Bradley C. Lalonde elected Chairman; Li remains CEO and President.
Director Umesh Patel resigned Apr 14, 2026, citing unpaid board compensation and missing D&O insurance coverage.

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