Highest-materiality recent filing
Northann trading halted, auditor resigns, financials non-reliable, chairman replaced
NYSE American halted NCL trading June 25, 2026 over 10-K filed without auditor approval; halt remains.
NYSE American accepts Northann Corp.'s compliance plan; delisting risk deferred to June 2027
NYSE American accepted Northann's plan to regain compliance with continued listing standards by June 8, 2027.
All six proposals passed at Dec 31 annual meeting; directors elected with >23.3M votes each.
Northann Corp issues 3.3M shares to two consultants for strategic and financing advisory
Agreements with Linkun Investment LLC (1.8M shares) and Lu Wang (1.5M shares) for strategic planning and financing services.
NYSE American notifies Northann of non-compliance with equity standard; shares to trade with ".BC"
Stockholders' equity ~$1.8M as of Sep 30, 2025, below required $2M; losses in two of three recent fiscal years.
Northann enters two software asset deals; issues 27.5M shares
Kingsford APA: $5M purchase for supply chain mgmt software; paid via 12.5M shares ($0.40/sh).
Northann closes $11.4M private placement, issues 80M shares, ~84% dilution
Closed X29 Private Placement on Sept 3, 2025; issued 80M shares to five investors at $0.14284/sh.
Northann Corp. receives NYSE American delisting notice for late 10-K filing
Received delisting notice from NYSE American on April 16, 2025 for failing to file Form 10-K for FY2024 by April 15 deadline.
Northann closes $8.1M private placement of 40M shares; CEO voting power drops below 50%
Issued 40M shares at $0.2033/share to Oneflow LLC and four other investors, raising $8.1M gross proceeds.
Northann subsidiary enters $24M EB-5 loan from CEO-affiliated entity at 1% interest
Loan of up to $24M from 3DFLOR OPPORTUNITY (controlled by CEO Lin Li) to subsidiary 3D PRINTING DEV.
All six proposals approved with >99% of votes cast in favor.
Northann Corp. raises $1.35M via private placement of 9M shares at $0.15/share
Issued 9,000,000 shares of common stock at $0.15 per share, raising $1,350,000.
Northann Corp. to issue 120M shares in two private placements; significant dilution expected
Oneflow LLC leads purchase of 40M shares; X29 LLC leads purchase of 80M shares in separate private placements.
Linkun Investment receives 3M shares for six-month strategic advisory including M&A planning and capital raising.
Northann acquires Raleigh Industries for 4.5M shares; closes same day
Acquired all shares of Raleigh Industries Limited (HK) from Jianqun Xu for 4,500,000 shares of Northann common stock.
Northann Corp. acquires Cedar Modern Limited for 4.48M shares of common stock
Issued 4,484,400 shares of common stock (approx. 15.5% of post-deal total) to acquire all shares of Cedar Modern Limited (HK).
Northann Corp. signs 5-year lease for 106,610 sq ft in South Carolina, announces HQ relocation
Leased 106,610 sq ft at 2251 Catawba River Rd, Fort Lawn, SC; includes 4,560 sq ft office and 98,400 sq ft industrial space.
Board authorized issuance of 5M shares Series A Preferred to CEO Lin Li for $5,000.
Northann Corp. settles $1M convertible notes for $500k; notes and warrants terminated
Settled $1M convertible notes and warrants with investors Sam Yan and Hongyu Wang for $500k cash on May 24, 2024.
CFO David M. Kratochvil resigns; Sunny S. Prasad named interim CFO
David M. Kratochvil resigned as CFO effective April 15, 2024; separation agreement signed.
Northann Corp. closes $6M IPO at $5/share; NYSE American listing
Priced 1,200,000 shares at $5.00 per share for gross proceeds of $6,000,000.
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.
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.
Max materiality 1.00 · Median 0.60 · Most common event other_material