Company: NCL
Filing Date: 2025-07-01
Form Type: 10-K
Source: 0001575872-25-000433
Chunk: 0

Company: Northann Corp.
Filing Date: 2025-07-01
Form: 10-K
Item: Item 12
Chunk 0
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ITEM 12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 

The following table provides information as to shares of common stock and shares of Series A Preferred Stock beneficially owned and the percentage of voting power as of June 30, 2025, by:

·each director;

·each named executive officer;

·all directors and executive officers as a group; and

·each person known by us to beneficially own at least 5% of our common stock

The calculations in the table below are based on 95,464,400 shares of common stock and 5,000,000 shares of Series A Preferred Stock issued and outstanding as of June 30, 2025, and do not include common stock issuable upon exercise of outstanding warrants. Each share of common stock entitles the holder to one vote and share of Series A Preferred Stock entitles the holder to ten votes on any matter on which action of the stockholders of the corporation is sought. The Series A Preferred Stock will vote together with the common stock. As of June 30, 2025, we had 24 stockholders of record.

Beneficial ownership is determined under the rules of the SEC and generally includes voting or investment power with respect to securities. Shares of common stock subject to options, warrants and convertible notes currently exercisable or convertible, or exercisable or convertible within 60 days are deemed outstanding for computing the percentage of the person holding such securities but are not deemed outstanding for computing the percentage of any other person.

Unless otherwise indicated, the address of each beneficial owner listed in the table below is c/o Northann Corp., 2251 Catawba River Rd, Fort Lawn, SC 29714.

  Common StockBeneficially Owned  Series A Preferred StockBeneficially Owned  Percentage of VotingPower     Number  %  Number  %    Directors and Executive Officers:            Lin Li (Chairman, President, CEO, Treasurer and Secretary)  14,430,000   15.1%  5,000,000   100%  44.3%David M. Kratochvil (Former CFO)  0   -  0   -  -Kurtis W. Winn (Chief Operating Officer and Director)  0   -  0   -  -Bradley C. Lalonde (Independent Director)