Company: NCL
Filing Date: 2025-12-04
Form Type: 424B3
Source: 0001575872-25-000746
Chunk: 45

Company: Northann Corp.
Filing Date: 2025-12-04
Form: 424B3
Chunk 45
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ALYSIS OR DISCUSSION OF ALL POTENTIAL TAX EFFECTS RELEVANT THERETO. YOU SHOULD CONSULT YOUR OWN TAX ADVISORS AS TO THE PARTICULAR FEDERAL,
STATE, LOCAL, FOREIGN AND OTHER TAX CONSEQUENCES OF THE REVERSE SPLIT IN LIGHT OF YOUR SPECIFIC CIRCUMSTANCES.

Required Vote of Stockholders

The Reverse will be effectuated
pursuant to NRS 78.2055, which was amended by the Nevada Legislature in 2023, pursuant to Assembly Bill No. 126. In accordance with such
amendment and our bylaws, approval of the Reverse Split requires the affirmative vote of the holders of a majority of the votes cast
in person via attendance at the Annual Meeting or by proxy and voting at the Annual Meeting.

Recommendation of the Board of Directors

OUR BOARD unanimously recommends a vote “ FOR”THE APPROVAL TO AUTHORIZE OUR BOARD TO EFFECT THE REVERSE SPLIT.

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<div align='center'>PROPOSAL FOUR

THE PLAN AMENDMENT PROPOSAL</div>

2023 Plan Amendment

The Board has approved, and
has recommended that the stockholders approve an amendment to our 2023 Plan to increase the authorized number of shares of common stock
for awards under the 2023 Plan from 1,500,000 shares, reflecting the 1-for-8 reverse stock split we effected on October 7, 2025, to 3,500,000
shares.

Background and Reasons for the 2023 Plan Amendment Proposal

On May 30, 2023, the Company adopted the 2023 Plan. Initially, 4,000,000
shares of common stock (prior to the 1-for-8 reverse split we conducted on October 7, 2025) were authorized to be issued pursuant to awards
granted under the 2023 Plan. On December 31, 2024, with the stockholders’ approval, the Company amended the 2023 Plan to increase
the authorized number of shares of common stock under the 2023 Plan, from 4,000,000 shares of common stock to 12,000,000 shares of common
stock. On October 7, 2025, as a result of the 1-for-8 reverse split conducted by the Company, the authorized number of shares of common
stock under the 2023 Plan was reduced to 1,500,000. As of the date of