Company: NCL
Filing Date: 2025-11-14
Form Type: 424B3
Source: 0001575872-25-000688
Chunk: 31

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 424B3
Chunk 31
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 offered by the Selling Stockholders: |     | Up to 15,000,000 shares of common stock, consisting of (i) up to 5,000,000 shares of Common Stock issued to certain investors pursuant to the Oneflow SPA on March 31, 2025, and (ii) up to 10,000,000 shares of Common Stock issued to certain investors on September 3, 2025, pursuant to the X29 SPA.       |
| Terms of the Offering:                          |     | The Selling Stockholders will sell the Registered Shares covered under this prospectus at the prevailing market prices or privately negotiated prices. See “Plan of Distribution” on page 41 of this prospectus.                                                                                               |
| Selling Stockholders:                           |     | The Selling Stockholders will receive all of the proceeds from the sale of Registered Shares for sale by them under this prospectus. We will not receive proceeds from the sale of the Registered Shares covered under this prospectus by the Selling Stockholders.                                            |
| Use of Proceeds:                                |     | All shares of common stock offered by this prospectus are being registered for the account of the Selling Stockholder and we will not receive any proceeds from the sale of these shares. See “Use of Proceeds” on page 31 of this prospectus.                                                                 |
| Risk Factors:                                   |     | Investing in these securities involves a high degree of risk. As an investor, you should be able to bear a complete loss of your investment. You should carefully consider the information set forth in the “Risk Factors” section of this prospectus before deciding to invest in our shares of common stock. |
| Ticker Symbol:                                  |     | NCL                                                                                                                                                                                                                                                                                                            |

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<div align='center'>RISK FACTORS</div>

An investment in our common stock involves a high degree of risk. In addition to the other information contained in this prospectus and in the documents we incorporate by reference herein, you should carefully consider the risks discussed below and under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 as well as any amendment or update to our risk factors reflected in subsequent filings with the SEC, before making a decision about investing in our securities. If any of these risks actually occurs, our business, financial condition, results of operations or cash flow could be materially and adversely affected, which could cause the trading price of our common stock to decline, resulting in a