Company: NCL
Filing Date: 2025-01-14
Form Type: S-1/A
Source: 0001575872-25-000059
Chunk: 65

Company: Northann Corp.
Filing Date: 2025-01-14
Form: S-1/A
Chunk 65
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 Purchasers”) in a private placement
transaction (the “Oneflow Private Placement”). Pursuant to the Oneflow SPA, the Company agreed to transfer, assign, set over
and deliver to the Oneflow Purchasers and the Oneflow Purchasers agreed, severally and not jointly, to acquire from the Company in the
aggregate 40,000,000 shares of common stock at the average of the closing prices for the five trading days immediately prior to the closing
per share.

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X29 Private Placement

On December 6, 2024, the Company entered into
a securities purchase agreement with X29 LLC as the lead investor and four other passive investors (the “X29 SPA”), pursuant
to which the Company agreed to sell common stock to these investors (the “X29 Purchasers”) in a private placement transaction
(the “X29 Private Placement”). Pursuant to the X29 SPA, the Company agreed to transfer, assign, set over and deliver to the
X29 Purchasers and the X29 Purchasers agreed, severally and not jointly, to acquire from the Company in the aggregate 80,000,000 shares
of common stock at the average of the closing prices for the five trading days immediately prior to the closing per share.

Caitlin Private Placement

On December 20, 2024, the Company entered into a securities
purchase agreement with Caitlin Xu Kang as the lead investor and other passive investors (the “Caitlin SPA”), pursuant to
which the Company agreed to sell common stock to these investors (the “Caitlin Purchasers”) in a private placement transaction
(the “Caitlin Private Placement”). Pursuant to the Caitlin SPA, the Company agreed to transfer, assign, set over and deliver
to the Caitlin Purchasers and the Caitlin Purchasers agreed, severally and not jointly, to acquire from the Company in the aggregate 9,000,000
shares of common stock at $0.15 per share, with the total consideration of $1,350,000. The transaction was closed on December 20, 2024.

All of the shares above were offered and sold
in a transaction not involving a public offering and in compliance with exemptions from registration afforded by Section 4(a)(2) of the
Securities Act of 1933, as amended, and/or Rule 506 of Regulation D promulgated thereunder.

Our registration of the Registered Shares covered
by this prospectus does not mean