Company: NCL
Filing Date: 2025-01-14
Form Type: S-1/A
Source: 0001575872-25-000059
Chunk: 2

Company: Northann Corp.
Filing Date: 2025-01-14
Form: S-1/A
Chunk 2
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 common stock (collectively, the “Registered Shares”). The Registered Shares offered for resale consists of the
following:

| · | up to 4,484,400 shares of common stock issued to Chuntao Li in our acquisition of Cedar Modern Limited pursuant to the share purchase agreement between the Company and Chuntao Li, dated October 11, 2024 (the “Cedar SPA”); |

| · | up to 4,500,000 shares of common stock issued to Jianqun Xu in our acquisition of Raleigh Industries Limited pursuant to the share purchase agreement between the Company and Jianqun Xu, dated November 13, 2024 (the “Raleigh SPA”); |

| · | up to 3,000,000 shares of common stock issued pursuant to the Financing and Strategic Planning Advisory Agreement between the Company and Linkun Investment LLC dated December 4, 2024 (“Linkun Investment”, and such agreement, the “Linkun Investment Consulting Agreement”), as consideration for Linkun Investment’s strategic planning advisory services in connection with the Company’s business development activities; |

| · | up to 4,500,000 shares of common stock issued pursuant to the Business Development Agreement between the Company and CAKL Holdings Sdn Bhd dated December 4, 2024 (“CAKL”, and such agreement, the “CAKL Consulting Agreement”), as consideration for CAKL’s supply chain related consulting services; |

| · | up to 4,600,000 shares of common stock issued pursuant to the Technical Service Agreement between the Company and San River International Sdn Bhd dated December 4, 2024 (“San River”, and such agreement, the “San River Consulting Agreement”), as consideration relating to San River’s technical support, business support and related consulting services in connection with the Company’s business development; and |

| · | up to 9,000,000 shares of common stock issued to Caitlin Xu Kang and other passive investors in a private placement pursuant to the securities purchase agreement between the Company and the investors dated December 20, 2024 (the “Caitlin SPA”). |

We are not selling any shares of our common stock
in this offering and we will not receive any of the proceeds from the sale of shares of our common stock by the selling stockholders.
The selling stockholders will receive all of the proceeds from any sales of the shares of our common stock offered hereby.

Our registration of the shares of common stock
covered by this prospectus does not mean that