Company: NCL
Filing Date: 2025-11-14
Form Type: 424B3
Source: 0001575872-25-000688
Chunk: 69

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 424B3
Chunk 69
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3, 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. As a result, 5,000,000 shares of Series A Preferred Stock were issued and outstanding. The Company
issued 5,000,000 shares of Series A Preferred Stock to Lin Li, the Company’s Chairman of the Board, Chief Executive Officer, President,
Secretary, and Treasurer, for a consideration of $5,000, effective June 22, 2024. On November 7, 2024, as approved by the board of directors
of the Company and as agreed by Lin Li, the Company rescinded these 5,000,000 shares of Series A Preferred Stock, effective as of June
22, 2024. As a result, the number of shares of Series A Preferred Stock owned by Lin Li decreased from 10,000,000 to 5,000,000, representing
all issued and outstanding 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