Company: NCL
Filing Date: 2025-01-02
Form Type: 8-K
Source: 0001575872-25-000002
Chunk: 0

Company: Northann Corp.
Filing Date: 2025-01-02
Form: 8-K
Item: Item 5.07
Chunk 0
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Item 5.07 Submission of Matters to a Vote of Security Holders.

On December 31, 2024, Northann Corp. (the “ Company”) held its Annual General Meeting of Stockholders (the “ Annual General Meeting”). The matters voted on at the Annual General Meeting were: (i) the election of five directors to hold office until the next annual meeting of stockholders or until their successors are duly elected and qualified; (ii) the ratification of WWC, P. C. as the Company’s independent registered public accounting firm for the year ending December 31, 2024; (iii) the adoption of the proposal to authorize the Board of Directors of the Company (the “ Board”), in its discretion, a reverse stock split of all of the Company’s issued and outstanding common stock, par value $0.0001 per share (with no change to the authorized capital stock of the Company), at a specific ratio, ranging from one-for-three (1:3) to one-for-twenty (1:20), with the timing and ratio to be determined by the Board if effected (the “ Reverse Split Proposal”); (iv) the adoption of the proposal to approve for purposes of complying with Section 713(a) of the NYSE Company Guide, the issuance of 40,000,000 shares of common stock in connection with the Securities Purchase Agreement dated December 6, 2024 and entered with Oneflow LLC as the lead investor and other investors, which would result in issuances of securities of over 20% of the issued and outstanding shares of common stock (the “

Oneflow Stock Issuance Proposal”)

The voting results for each item of business voted upon at the Annual General Meeting were as follows:

  1.      The votes cast with respect to the proposal to elect five directors, Lin Li, Kurtis W. Winn, Bradley C. Lalonde, Umesh Patel, and Jing Zhang, as directors of the Company to hold office until th...  

                          FOR             WITHHELD      BROKER NON-  
                          FOR             WITHHELD      BROKER NON-  
                          FOR             WITHHELD      BROKER NON-  
                                                        VOTES        
                                                        VOTES        
                                                        VOTES        
 ─────────────────────────────────────────────────────────────────────
  Lin Li                  64,793,869      132,644       0            
  Kurtis W. Winn          64,796,818      129,695       0