Company: NCL
Filing Date: 2025-11-14
Form Type: 424B3
Source: 0001575872-25-000688
Chunk: 21

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 424B3
Chunk 21
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 securities or industry analysts do not publish research or reports about our business, or if they publish a negative report regarding our shares of common stock, the price of our common stock and trading volume could decline. (See page 2 of this prospectus.) |

| · | The market price of our common stock may be volatile or may decline regardless of our operating performance, and you may not be able to resell your shares at or above the purchase price. (See page 25 of this prospectus.) |

| · | NYSE American may apply additional and more stringent criteria for our continued listing because insiders hold a large portion of the Company’s listed securities. (See page 25 of this prospectus.) |

| · | Anti-takeover provisions in our charter documents and Nevada law could discourage, delay or prevent a change in control of our company and may affect the trading price of our common stock. (See page 26 of this prospectus.) |

| · | We indemnify our officers and directors against liability to us and our security holders, and such indemnification could increase our operating costs. (See page 26 of this prospectus.) |

| · | We cannot predict the impact our multi-class structure may have on the stock price of our common stock. (See page 26 of this prospectus.) |

| · | We are an “emerging growth company,” as defined in the Securities Act, and a “smaller reporting company,” as defined in the Exchange Act, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies and smaller reporting companies will make our common stock less attractive to investors. (See page 27 of this prospectus.) |

| 8 |

Permissions and Approvals As of the date of this prospectus, our PRC subsidiaries have received from PRC authorities all requisite licenses, permissions or approvals needed to engage in the businesses currently conducted in China, and no permission or approval has been denied. Our PRC subsidiaries are not operating in an industry that prohibits or limits foreign investment. In addition, as advised by our PRC counsel, Grandall Law Firm, other than those permissions or approvals required for a domestic company in China to engage in the businesses similar to ours, we are not required to obtain any permissions or approvals from Chinese authorities, including the China Securities Regulatory Commission (CSRC), Cyberspace Administration of China (CAC) or any other governmental agency that is required to operate the business of the PRC subsidiaries and to offer the securities of the Company to any non-U