Company: NCL
Filing Date: 2025-11-14
Form Type: 424B3
Source: 0001575872-25-000688
Chunk: 57

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 424B3
Chunk 57
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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If securities or industry analysts do not publish research or reports about our business, or if they publish a negative report regarding our shares of common stock, the price of our common stock and trading volume could decline.

| 27 |

The trading market for our common stock may depend
in part on the research and reports that industry or securities analysts publish about us or our business. We do not have any control
over these analysts. If one or more of the analysts who cover us downgrade us, the price of our common stock would likely decline. If
one or more of these analysts cease coverage of our company or fail to regularly publish reports on us, we could lose visibility in the
financial markets, which could cause the price of our common stock and the trading volume to decline.

The market price of our common stock may be volatile or may decline regardless of our operating performance, and you may not be able to resell your shares at or above the purchase price.

The purchase price for our common stock may vary
from the market price of our common stock. If you purchase our common stock in this offering, you may not be able to resell those shares
at or above the purchase price. The market price of our common stock may fluctuate significantly in response to numerous factors, many
of which are beyond our control, including:

| ● | actual or anticipated fluctuations in our revenue and other operating results; |

| ● | the financial projections we may provide to the public, any changes in these projections or our failure to meet these projections; |

| ● | actions of securities analysts who initiate or maintain coverage of us, changes in financial estimates by any securities analysts who follow our company or our failure to meet these estimates or the expectations of investors; |

| ● | announcements by us or our competitors of significant products or features, technical innovations, acquisitions, strategic partnerships, joint ventures or capital commitments; |

| ● | price and volume fluctuations in the overall stock market, including as a result of trends in the economy as a whole; |

| ● | lawsuits threatened or filed against us; and |

| ● | other events or factors, including those resulting