Company: NCL
Filing Date: 2025-01-14
Form Type: S-1/A
Source: 0001575872-25-000059
Chunk: 20

Company: Northann Corp.
Filing Date: 2025-01-14
Form: S-1/A
Chunk 20
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aising additional capital by issuing securities may cause dilution to existing shareholders and/or have 
 other adverse effects on our operations.                                                                 |

| · | We do not intend to pay dividends for the foreseeable future. |

| · | If securities or industry analysts do not publish research or reports about our business, or if they publish            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. |

| · | 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.                                |

| · | 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.                                                  |

| · | As a “controlled company” under the rules of the NYSE American Company Guide, we may choose                                        
 to exempt our Company from certain corporate governance requirements that could have an adverse effect on our public stockholders. |

| · | 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.                |

| · | We indemnify our officers and directors against liability to us and our security holders, and such indemnification 
 could increase our operating costs.                                                                                |

| · | We cannot predict the impact our multi-class structure may have on the stock price of our common stock. |

| · | 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.                |

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 (