Company: NCL
Filing Date: 2025-02-07
Form Type: 424B3
Source: 0001575872-25-000134
Chunk: 54

Company: Northann Corp.
Filing Date: 2025-02-07
Form: 424B3
Chunk 54
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 the potential extreme volatility may confuse the
public investors of the value of our stock, distort the market perception of our stock price, our company’s financial performance,
public image, and negatively affect the long-term liquidity of our common stock, regardless of our actual or expected operating performance.
If we encounter such volatility, including any rapid stock price increases and declines seemingly unrelated to our actual or expected
operating performance and financial condition or prospects, it will likely make it difficult and confusing for prospective investors to
assess the rapidly changing value of our common stock and understand the value thereof.

Raising additional capital by issuing securities may cause dilution to existing shareholders and/or have other adverse effects on our operations.

We may need to raise future capital to implement
our business strategies. We may seek additional capital through a combination of public and private equity offerings, debt financings,
strategic partnerships and alliances and licensing arrangements. To the extent that we raise additional capital through the sale of equity,
convertible debt securities or other equity-based derivative securities, the existing shareholders’ ownership interest will be diluted
and the terms may include liquidation or other preferences that adversely affect the existing shareholders’ rights as shareholders.
Any additional indebtedness we incur would result in increased fixed payment obligations and could involve restrictive covenants, such
as limitations on our ability to incur additional debt, limitations on our ability to acquire or license intellectual property rights
and other operating restrictions that could adversely impact our ability to conduct our business. Furthermore, the issuance of additional
securities, whether equity or debt, by us, or the possibility of such issuance, may cause the market price of our common stock to decline
and existing shareholders may not agree with our financing plans or the terms of such financings. If we raise additional funds through
strategic partnerships and alliances and licensing arrangements with third parties, we may have to relinquish valuable rights to our technologies,
or our products, or grant licenses on terms unfavorable to us. Adequate additional financing may not be available to us on acceptable
terms, or at all.

We do not intend to pay dividends for the foreseeable future.

We currently intend to retain any future earnings
to finance the operation and expansion of our business, and we do not expect to declare or pay any dividends in the foreseeable future.
As a result, you may only receive a return on your investment in our common stock if the market price of our common stock increases.

If securities or industry analysts do not publish research or reports about our business, or if they publish a negative report