Company: NCL
Filing Date: 2025-11-14
Form Type: 424B3
Source: 0001575872-25-000688
Chunk: 58

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 424B3
Chunk 58
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 from war or incidents of terrorism, or responses to these events. |

In addition, the stock markets have experienced
extreme price and volume fluctuations that have affected and continue to affect the market prices of equity securities of many companies.
Stock prices of many companies have fluctuated in a manner unrelated or disproportionate to the operating performance of those companies.
Our common stock closed as high as $10.96 and as low as $0.6299 per share between January 1, 2025 and October 23, 2025 on NYSE American.
In the past, stockholders have filed securities class action litigation following periods of market volatility. If we were to become involved
in securities litigation, it could subject us to substantial costs, divert resources and the attention of management from our business
and adversely affect our business.

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.

NYSE American Company Guide Section 101 provides
NYSE American with broad discretionary authority over the continued listing of securities in NYSE American and NYSE American may use such
discretion to apply additional or more stringent criteria for the continued listing of particular securities, or suspend or delist particular
securities based on any event, condition, or circumstance that exists or occurs that makes continued listing of the securities on NYSE
American inadvisable or unwarranted in the opinion of NYSE American, even though the securities meet all enumerated criteria for continued
listing on NYSE American. In addition, NYSE American has used its discretion to deny continued listing or to apply additional and more
stringent criteria in the instances, including but not limited to: where the company engaged an auditor that has not been subject to an
inspection by the PCAOB, an auditor that PCAOB cannot inspect, or an auditor that has not demonstrated sufficient resources, geographic
reach, or experience to adequately perform the company’s audit. Our public offering will be relatively small and the insiders of
our Company will hold a large portion of the company’s listed securities. NYSE American might apply additional and more stringent
criteria for our initial and continued listing, which might cause a delay or even denial of our listing application.

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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 are a Nevada corporation and the anti-takeover provisions
of the Nevada Revised Statutes may have