Company: NCL
Filing Date: 2025-02-07
Form Type: 424B3
Source: 0001575872-25-000134
Chunk: 18

Company: Northann Corp.
Filing Date: 2025-02-07
Form: 424B3
Chunk 18
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 pursue growth through acquisitions in China. (See page 22 of this prospectus.) |

Risks Related to Our Common Stock, this Offering, and Our Status as a Public Company

| · | Our common stock may be delisted or prohibited from being traded on a national exchange under the Holding Foreign Companies Accountable Act (the “HFCA Act”) and the Consolidated Appropriations Act, 2023, if the Public Company Accounting Oversight Board (the “PCAOB”) is unable to inspect our auditors for two consecutive years. The delisting of our common stock, or the threat of their being delisted, may materially and adversely affect the value of your investment. (See page 22 of this prospectus.) |

| · | The purchase price for our common stock may not be indicative of prices that will prevail in the trading market and such market prices may be volatile. (See page 24 of this prospectus.) |

| · | You may experience extreme stock price volatility, including any stock-run up, unrelated to our actual or expected operating performance, financial condition or prospects, making it difficult for prospective investors to assess the rapidly changing value of our common stock. (See page 24 of this prospectus.) |

| · | Raising additional capital by issuing securities may cause dilution to existing shareholders and/or have other adverse effects on our operations. (See page 24 of this prospectus.) |

| · | We do not intend to pay dividends for the foreseeable future. (See page 24 of this prospectus.) |

| · | If securities or industry analysts do not publish research or reports about our business, or if they publish a negative report regarding our shares of common stock, the price of our common stock and trading volume could decline. (See page 24 of this prospectus.) |

| · | The market price of our common stock may be volatile or may decline regardless of our operating performance, and you may not be able to resell your shares at or above the purchase price. (See page 25 of this prospectus.) |

| · | NYSE American may apply additional and more stringent criteria for our continued listing because insiders hold a large portion of the Company’s listed securities. (See page 25 of this prospectus.) |

| · | As a “controlled company” under the rules of the NYSE American Company Guide, we may choose to exempt our Company from certain corporate governance requirements that could have an adverse effect on our public stockholders. (See page 26 of this prospect