Company: NCL
Filing Date: 2025-09-26
Form Type: S-1
Source: 0001575872-25-000602
Chunk: 3

Company: Northann Corp.
Filing Date: 2025-09-26
Form: S-1
Chunk 3
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-in-interest, may resell the common stock covered by this prospectus through public
or private transactions at prevailing market prices, at prices related to prevailing market prices or at privately negotiated prices.
For additional information on the possible methods of sale that may be used by the Selling Stockholders, you should refer to the section
of this prospectus entitled “Plan of Distribution.”

Any common stock subject to resale hereunder will
have been issued by us and acquired by the Selling Stockholders prior to any resale of such shares pursuant to this prospectus.

No underwriter or other person has been engaged
to facilitate the sale of the shares in this offering. The Selling Stockholders will bear all commissions and discounts, if any, attributable
to its sales of the shares of common stock offered hereby. We will incur costs and expenses in connection with the registration of the
shares of our common stock offered hereby, including filing, legal and accounting fees.

Our common stock is listed on The New York Stock Exchange under the
symbol “NCL.” The last reported sale price of our common stock on The New York Stock Exchange on September 24, 2025, was $0.14
per share.

Unless otherwise indicated, all information in
this prospectus reflects a 2-for-1 reverse split of our issued and outstanding shares of common stock and series A preferred stock (the
“Series A Preferred Stock”), effected on July 5, 2023.

The Company qualifies as an “emerging growth
company” and “smaller reporting company” and is subject to reduced public company reporting requirements. See “Prospectus
Summary—Implications of Being an Emerging Growth Company” and “Prospectus Summary—Implications of Being a Smaller
Reporting Company” on page 10.

Investing in our common stock involves significant risks. The risks could result in a material change in the value of the securities we are registering for sale or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors. See “Risk Factors” beginning
on page 14 to read about factors you should consider before buying our common stock.

The shares of common stock offered in this prospectus
are shares of Northann Corp., the Nevada holding company, which has no material operations of its own and conducts substantially all of
its operations through its operating entities in the United States, Hong Kong and China. For a description of our corporate structure,
see “Corporate History and Structure” beginning on page 32. Our corporate structure involves