Company: NCL
Filing Date: 2025-02-07
Form Type: 424B3
Source: 0001575872-25-000134
Chunk: 53

Company: Northann Corp.
Filing Date: 2025-02-07
Form: 424B3
Chunk 53
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 applicable professional standards. WWC, P.C., is not headquartered in China or Hong Kong. Notwithstanding the foregoing, if
the PCAOB determines that it cannot inspect or fully investigate our auditor at such future time, trading in our common stock will be
prohibited under the HFCA Act and NYSE American may determine to delist our common stock.

Moreover, the recent
developments would add uncertainties to the listing of our common stock, and we cannot assure you whether SEC, NYSE American or regulatory
authorities would apply additional and more stringent criteria to us after considering the effectiveness of our auditor’s audit
procedures and quality control procedures, adequacy of personnel and training, or the sufficiency of resources, geographic reach or experience
as it relates to the audit of our financial statements.

| 23 |

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.

The purchase price for our common stock does not
bear any relationship to our earnings, book value or any other indicia of value. We cannot assure you that the market price of our common
stock will not decline significantly below the purchase price. The financial markets in the United States and other countries have experienced
significant price and volume fluctuations in the last few years. Volatility in the price of our common stock may be caused by factors
outside of our control and may be unrelated or disproportionate to changes in our results of operations.

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.

Our common stock may be subject to extreme volatility
that is seemingly unrelated to the underlying performance of our business. In particular, our common stock may be subject to rapid and
substantial price volatility, low volumes of trades and large spreads in bid and ask prices, given that we have relatively small public
floats. Such volatility, including any stock-run up, may be unrelated to our actual or expected operating performance, financial condition
or prospects.

Holders of our common stock may also not be able
to readily liquidate their investment or may be forced to sell at depressed prices due to low volume trading. Broad market fluctuations
and general economic and political conditions may also adversely affect the market price of our common stock. As a result of this volatility,
investors may experience losses on their investment in our common stock. Furthermore,