Northann Corp. received a nyse_american extension granted notice regarding stockholders equity (rules 1003(a)(i)).
“February 24, 2026, the Company received a notification (the “Acceptance Letter”) from the NYSE American that the Plan was accepted. In the Acceptance Letter, the NYSE American granted the Company until June 8, 2027 (the “Plan Period”) to regain compliance with the continued listing standards. During the Plan Period, the Company is subject to periodic review by the NYSE American on its progress with the goals and initiatives outlined in the Plan. The Company intends to take all reasonable measures available to regain compliance with Sections 1003(a)(i) of the Company Guide during the Plan Perio”
Equity Issuances
Northann Corp. issued 1,500,000 shares of common stock to an individual designated by Lu Wang.
“the Company has agreed to issue and allot 1,500,000 shares of the Company’s common stock, par value $0.001 per share (the “Lu Wang Compensation Shares”) to an individual designated by Lu Wang.”
Equity Issuances
Northann Corp. issued 1,800,000 shares of common stock to two individuals designed by Linkun Investment.
“the Company has agreed to issue and allot 1,800,000 shares of the Company’s common stock, par value $0.001 per share (the “Linkun Investment Compensation Shares”) to two individuals designed by Linkun Investment.”
Listing & Compliance Notices
Northann Corp. received a nyse_american deficiency notice notice regarding stockholders equity (rules 1003(a)(i)).
“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”
Governance Changes
Northann Corp.: Certificate of Amendment to Articles of Incorporation effecting a 1-for-8 reverse stock split (effective 2025-10-07).
“On October 3, 2025, Northann Corp. (the “Company”) filed a Certificate of Amendment to its Articles of Incorporation, as amended to date, and a Certificate of Amendment to Designation, with the Nevada Secretary of State as corrected on October 7, 2025, effecting a 1-for-8 reverse stock split (the “Reverse Stock Split”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”) and the Company’s series A preferred stock, par value $0.001 per share (the “Preferred Stock”).”
Equity Issuances
Northann Corp. issued 16,000,000 shares of common stock to each X29 Purchaser, or an aggregate of 80,000,000 shares of common stock of common stock to X29 LLC and four other passive investors (the X29 Purchasers) for $2,285,440 to the Company as the payment for the X29 Private Placement.
“On September 3, 2025, the Company issued 16,000,000 shares of common stock to each X29 Purchaser, or an aggregate of 80,000,000 shares of common stock to the X29 Purchasers, and closed the X29 Private Placement.”
Auditor Changes
Northann Corp. engaged LAO Professionals as its auditor.
“On May 29, 2025, LAO Professionals ("LAO") was appointed by the Company's Audit Committee as the Company's independent registered public accounting firm, to audit the Company's consolidated financial statements as of and for the fiscal year ended December 31, 2024 and the fiscal year ending December 31, 2025, subject to customary client acceptance procedures.”
Auditor Changes
Northann Corp. dismissed WWC, P.C. as its auditor.
“On May 24, 2025, approved by its audit committee of the board of directors, the Company dismissed WWC from its position as the independent registered public accounting firm for the Company.”
Auditor Changes
Northann Corp. dismissed WWC, P.C. as its auditor.
“On May 24, 2025, approved by its audit committee of the board of directors, Northann Corp. (the “Company”) dismissed WWC, P.C. (“WWC”) from its position as the independent registered public accounting firm for the Company.”
Listing & Compliance Notices
Northann Corp. received a nyse_american deficiency notice notice regarding late filing (rules 134, 1101, 1007).
“ions 134 and 1101 of the NYSE American Company Guide due to its delayed filings of the Form 10-K for the year ended December 31, 2024 (the “Delinquent Report”) by the filing due date of April 15, 2025 (the “Filing Delinquency”). Reference is made to the Company’s Notification of Late Filing on Form 12b-25 (filed with the SEC on March 31, 2025), which described the circumstances leading to the late filing of the Delinquent Report. Although the Company has dedicated significant resources to the completion of finalizing its consolidated financial statements and related disclosures for inclusion i”
Umesh Patel was appointed as Director at Northann Corp..
“On May 23, 2024, the remaining members of the Board appointed Mr. Umesh Patel as a member of the Company’s Board of Directors, a member of the audit committee and the nominating committee, as well as the chair of the compensation committee of the Board.”
Charles James Schaefer IV resigned as Director at Northann Corp..
“On May 17, 2024, Charles James Schaefer IV, a member of the Board of Directors of Northann Corp. (the “Company”), resigned as a member of the Board of Directors (the “Board”) of the Company, effective immediately.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.