Company: NCL
Filing Date: 2025-01-29
Form Type: S-1/A
Source: 0001575872-25-000097
Chunk: 31

Company: Northann Corp.
Filing Date: 2025-01-29
Form: S-1/A
Chunk 31
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 Distribution” on page 36 of this                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 prospectus.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Selling Stockholders:                           |     | The selling stockholders will receive all of the proceeds from the sale of Registered Shares for sale by them under this prospectus. We will not receive proceeds from the sale of the Registered Shares covered under this prospectus by the selling stockholders.                                                                                                                                                                                                                                                                                                                                                 |
| Use of Proceeds:                                |     | All shares of common stock offered by this prospectus are being registered                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
 for the account of the selling stockholder and we will not receive any proceeds from the sale of these shares. See “Use of Proceeds”                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 on page 31 of this prospectus.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Risk Factors:                                   |     | Investing in these securities involves a high degree of risk. As an investor, you should be able to bear a complete loss of your investment. You should carefully consider the information set forth in the “Risk Factors” section of this prospectus before deciding to invest in our shares of common stock.                                                                                                                                                                                                                                                                                                      |
| Ticker Symbol:                                  |     | NCL                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

| 13 |

<div align='center'>RISK FACTORS</div>

An investment in our common stock involves a high degree of risk. In addition to the other information contained in this prospectus and in the documents we incorporate by reference herein, you should carefully consider the risks discussed below and under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 as well as any amendment or update to our risk factors reflected in subsequent filings with the SEC, before making a decision about investing in our securities. If any of these risks actually occurs, our business, financial condition, results of operations or cash flow could be materially and adversely affected, which could cause the trading price of our common stock to decline, resulting in a loss of all or part of your investment. The risks described below and in the sections referenced above are not the only ones that we face. Additional risks not presently known to us or that we currently deem immaterial may also affect our business. You should only consider investing in our shares of common stock if you can bear the risk of loss of your entire investment.

Risks Related to OurCorporate Structure

Northann Corp. is a holding company and will rely on dividends paid by its subsidiaries for its cash needs. Any limitation on the