Company: NCL
Filing Date: 2025-10-24
Form Type: S-1/A
Source: 0001575872-25-000638
Chunk: 71

Company: Northann Corp.
Filing Date: 2025-10-24
Form: S-1/A
Chunk 71
---

shares of Series A Preferred Stock of the Company. Each share of Series A Preferred Stock is entitled to ten votes on any matter on which
action of the stockholders of the Company is sought. As part of the cancellation, the Company returned the $5,000 previously paid by Lin
Li.

On October 3, 2025, the Company filed a Certificate of Amendment to its
Articles of Incorporation, as amended to date, and a Certificate of Amendment to Designation, with the Nevada Secretary of State as corrected
on October 7, 2025, effecting a 1-for-8 reverse stock split of the Company’s outstanding common stock and the Company’s Series
A Preferred Stock. The reverse stock split was approved by the Board and became effective at 16:30 pm ET on October 7, 2025. As a result
of the reverse stock split, every eight (8) shares of the Company’s issued and outstanding common stock have been converted into
one (1) share of issued and outstanding common stock and every eight (8) shares of the Company’s issued and outstanding Series A
Preferred Stock, have been converted into one (1) share of Series A Preferred Stock.

Series A Preferred Stock

We have one designated class of preferred stock known
as Series A Preferred Stock. Each share of Series A Preferred Stock entitles the holder to ten votes, in person or proxy, on any matter
on which action of the stockholders of the corporation is sought. The Series A Preferred Stock will vote together with the common stock.
The holders of Series A Preferred Stock shall not be entitled to receive dividends of any kind. The Series A Preferred Stock shall not
be subject to conversion into common stock or other equity authorized to be issued by the Company.

Reserve Stock Splits

On July 5, 2023, as approved by the board of directors
and the majority shareholder of the Company, the Company effected a reverse split of our outstanding common stock and Series A Preferred
Stock at a ratio of 2-for-1. All references to common stock, Series A Preferred Stock, share data, per share data, and related information
have been retroactively adjusted, where applicable, in this prospectus to reflect the reverse split of our issued and outstanding common
stock and Series A Preferred Stock as if these events had occurred at the beginning of the earliest period presented.

The stockholders of the Company at the annual general
meeting of stockholders held on December 31,