Company: NCL
Filing Date: 2025-12-04
Form Type: 424B3
Source: 0001575872-25-000746
Chunk: 34

Company: Northann Corp.
Filing Date: 2025-12-04
Form: 424B3
Chunk 34
---
) expanding our business through potential strategic transactions, including mergers, acquisitions, licensing transactions
and other business combinations or acquisitions of new product candidates or products; (iii) establishing strategic relationships with
other companies; (iv) exchanges of common stock or securities that are convertible into common stock for other outstanding securities;
(v) providing equity incentives pursuant to our 2023 Plan, or another plan we may adopt in the future, to attract and retain employees,
officers or directors; and (vi) other general corporate purposes. We intend to use the additional shares of common stock that will be
available to undertake any such issuances described above. Because it is anticipated that our directors and executive officers will be
granted additional equity awards under our 2023 Plan, or another plan we adopt in the future, they may be deemed to have an indirect interest
in the Reverse Split, because absent the Reverse Split, we may not have sufficient authorized shares to grant such awards.

| 18 |

An increase in authorized
shares of our common stock available for issuance would not have any immediate effect on the rights of existing stockholders. However,
because the holders of our common stock do not have any preemptive rights, future issuance of shares of common stock or securities exercisable
for or convertible into shares of common stock could have a dilutive effect on our earnings per share, book value per share, voting rights
of stockholders and could have a negative effect on the price of our common stock.

Disadvantages to an increase
in the number of authorized shares of common stock may include:

| ● | Stockholders may experience further                                                                                                       
 dilution of their ownership;                                                                                                              |
| ● | Stockholders will not have any preemptive or similar                                                                                      
 rights to subscribe for or purchase any additional shares of common stock that may be issued in the future, and therefore, future         
 issuances of common stock, depending on the circumstances, will have a dilutive effect on the earnings per share, voting power, and       
 other interests of our existing stockholders;                                                                                             |
| ● | The additional shares of common stock that would                                                                                          
 become available for issuance due to this Proposal 3 would be part of the existing class of common stock and, if and when issued,         
 would have the same rights and privileges as the shares of common stock presently outstanding; and                                        |
| ● | The issuance of authorized but unissued shares                                                                                            
 of common stock could be used to deter a potential takeover of us that may otherwise be beneficial to stock