Company: NCL
Filing Date: 2025-12-04
Form Type: 424B3
Source: 0001575872-25-000746
Chunk: 41

Company: Northann Corp.
Filing Date: 2025-12-04
Form: 424B3
Chunk 41
---
937,500 |     |      |  99,968,750 |

| (1) | The Reverse Split will not have any                                                             
 impact in the number of shares of preferred stock we are authorized to issue under our charter. |

Effective Date

If approved by our stockholders
and our Board determines to effect the Reverse Stock Split, the exact timing will be determined at the discretion of our Board and set
forth in a public announcement. On the effective date, shares of common stock issued and outstanding immediately prior thereto will be
combined and converted, automatically and without any action on the part of our stockholders, into new shares of common stock in accordance
with an Approved Split Ratio set forth in this Proposal 3. If this proposal is not approved by our stockholders, the Reverse Split will
not occur.

Treatment of Fractional Shares

No fractional shares of common
stock will be issued as a result of the Reverse Split. Instead, stockholders who otherwise would be entitled to receive fractional shares
because they hold a number of shares not evenly divisible by the Approved Split Ratio will automatically be entitled to receive an additional
fraction of a share of common stock, to round up to the next whole share. In any event, cash will not be paid for fractional shares.

Effect on“Book-Entry”
Holders of common stock

If the Reverse Split is authorized
by our stockholders and our Board elects to implement the Reverse Split, stockholders of record holding some or all of their shares of
common stock electronically in book-entry form under the direct registration system for securities will receive a transaction statement
at their address of record indicating the number of shares of common stock they hold after the Reverse Split. Stockholders holding common
stock in “street name” through a bank, broker, or other nominee should note that such banks, brokers, or other nominees may
have different procedures for processing the consolidation for fractional shares than those that would be put in place by us for registered
stockholders. If you hold your shares with such a bank, broker, or other nominee and if you have questions in this regard, you are encouraged
to contact your nominee.

| 22 |

Exchange of Stock Certificates

If the Reverse Split is authorized
by the stockholders and our Board elects to implement the Reverse Split, stockholders of record holding some or all of their shares in
certificate form will receive a letter of transmittal, as soon as practicable after the effective date of the Reverse Split. Our transfer