Company: NCL
Filing Date: 2025-10-24
Form Type: S-1/A
Source: 0001575872-25-000638
Chunk: 66

Company: Northann Corp.
Filing Date: 2025-10-24
Form: S-1/A
Chunk 66
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 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 5,000,000 shares of common stock at the average of the
closing prices for the five trading days immediately prior to the closing per share.

The Oneflow Private Placement closed on March
31, 2025.

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X29 Private Placement

On December 6, 2024, the Company entered into the
X29 SPA with X29 LLC as the lead investor and four other passive investors, 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 10,000,000 shares of common stock at the average of the closing prices for
the five trading days immediately prior to the closing per share.

The X29 Private Placement closed on September
3, 2025.

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 that the Selling Stockholders will offer or sell any of the Registered Shares if or when exercised. The
Selling Stockholders may offer, sell or distribute all or a portion of their Registered Shares publicly or through private transactions
at prevailing market prices or at negotiated prices. We provide more information about how the Selling Stockholders may sell the Registered
Shares in the section titled “Plan of Distribution.”

<div align='center'>USE OF PROCEEDS</div>

This prospectus relates to the Registered Shares of the Selling Stockholders
that may be offered and sold from time to time by the Selling Stockholders. We will not receive any proceeds from the resale of the Registered
Shares by the Selling Stockholders.

The Selling Stockholders will pay any underwriting discounts and commissions
and expenses incurred by the Selling Stockholders for brokerage, accounting, tax or legal services or any other expenses incurred by the
Selling Stock