Company: NCL
Filing Date: 2025-01-14
Form Type: S-1/A
Source: 0001575872-25-000059
Chunk: 56

Company: Northann Corp.
Filing Date: 2025-01-14
Form: S-1/A
Chunk 56
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 our competitors of significant products or features, technical innovations, acquisitions, strategic partnerships, joint ventures or capital commitments; |

| ● | price and volume fluctuations in the overall stock market, including as a result of trends in the economy as a whole; |

| ● | lawsuits threatened or filed against us; and |

| ● | other events or factors, including those resulting from war or incidents of terrorism, or responses to these events. |

In addition, the stock markets have experienced extreme
price and volume fluctuations that have affected and continue to affect the market prices of equity securities of many companies. Stock
prices of many companies have fluctuated in a manner unrelated or disproportionate to the operating performance of those companies. Our
common stock closed as high as $1.64 and as low as $0.15 per share between January 1, 2024 and December 31, 2024 on NYSE American.
In the past, stockholders have filed securities class action litigation following periods of market volatility. If we were to become involved
in securities litigation, it could subject us to substantial costs, divert resources and the attention of management from our business
and adversely affect our business.

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.

NYSE American Company Guide Section 101 provides
NYSE American with broad discretionary authority over the continued listing of securities in NYSE American and NYSE American may use such
discretion to apply additional or more stringent criteria for the continued listing of particular securities, or suspend or delist particular
securities based on any event, condition, or circumstance that exists or occurs that makes continued listing of the securities on NYSE
American inadvisable or unwarranted in the opinion of NYSE American, even though the securities meet all enumerated criteria for continued
listing on NYSE American. In addition, NYSE American has used its discretion to deny continued listing or to apply additional and more
stringent criteria in the instances, including but not limited to: where the company engaged an auditor that has not been subject to an
inspection by the PCAOB, an auditor that PCAOB cannot inspect, or an auditor that has not demonstrated sufficient resources, geographic
reach, or experience to adequately perform the company’s audit. Our public offering will be relatively small and the insiders of
our Company will hold a large portion of the company’s listed securities. NYSE American might apply additional and more stringent
criteria for our initial and continued listing, which