Company: NCL
Filing Date: 2025-12-04
Form Type: 424B3
Source: 0001575872-25-000746
Chunk: 8

Company: Northann Corp.
Filing Date: 2025-12-04
Form: 424B3
Chunk 8
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, each with one vote per share
(“common stock”), and 625,000 shares of Series A Preferred Stock, par value $0.001 per share, each with ten votes per share
(“Series A Preferred Stock”), were outstanding.

How many votes do I have?

Holders of common stock will vote
at the Annual Meeting on all matters. Each share of common stock is entitled to one vote and each share of Series A Preferred Stock is
entitled 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 a result, a total of 28,993,104 votes may be cast at the Annual Meeting.

What is a quorum?

For business to be conducted at
the Annual Meeting, a quorum must be present. The presence at the Annual Meeting, either in person or by proxy, of the holders of one-third
(1/3rd) of the shares issued and outstanding and entitled to vote will constitute a quorum for the transaction of business. Accordingly,
shares representing 9,664,368 votes must be present in person or by proxy at the Annual Meeting to constitute a quorum.

Abstentions and broker non-votes
will be counted for the purpose of determining whether a quorum is present for the transaction of business.

If a quorum is not present,
the Annual Meeting will be adjourned until a quorum is obtained.

What are abstentions and broker non-votes?

An “abstention”
is the voluntary act of not voting by a stockholder who is present at a meeting in person or by proxy and entitled to vote. “Broker
non-votes” refers to shares held by a brokerage firm or other nominee (for the benefit of its client) that are represented at the
meeting, but with respect to which such broker or nominee is not instructed to vote on a particular proposal and does not have discretionary
authority to vote on that proposal.

If you are a beneficial owner
whose shares are held in street name and you do not submit voting instructions to your broker, your broker may generally vote your shares
in its discretion on routine matters. We believe that Proposals Two and Three are routine and may be voted on by your broker if you do
not submit voting instructions. However, pursuant to the NYSE American LLC Company Guide (“NYSE Company Guide”), brokers do
not have the discretion to vote their clients’ shares on non-routine