Company: NCL
Filing Date: 2025-01-14
Form Type: S-1/A
Source: 0001575872-25-000059
Chunk: 84

Company: Northann Corp.
Filing Date: 2025-01-14
Form: S-1/A
Chunk 84
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, the Company entered into a securities
purchase agreement with Caitlin Xu Kang as the lead investor and other passive investors (the “Caitlin SPA”), pursuant to
which the Company agreed to sell common stock to these investors (the “Caitlin Purchasers”) in a private placement transaction
(the “Caitlin Private Placement”). Pursuant to the Caitlin SPA, the Company agreed to transfer, assign, set over and deliver
to the Caitlin Purchasers and the Caitlin Purchasers agreed, severally and not jointly, to acquire from the Company in the aggregate 9,000,000
shares of common stock at $0.15 per share, with the total consideration of $1,350,000. The transaction was closed on December 20, 2024.

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.

Item 16. Exhibits.

| Exhibit 
 Number  |     | Description                                                                                                                                                                                                                                                                                                                                  |
| 3.1     |     | Articles of Incorporation (incorporated by reference to Exhibit 3.1 of our Registration Statement on Form S-1 (File No. 333-273246), as amended, initially filed with the Securities and Exchange Commission on July 14, 2023)                                                                                                               |
| 3.2     |     | Certificate of Amendment to the Articles of Incorporation (incorporated by reference to Exhibit 3.2 of our Registration Statement on Form S-1 (File No. 333-273246), as amended, initially filed with the Securities and Exchange Commission on July 14, 2023)                                                                               |
| 3.3     |     | Certificate of Designation of Series A Preferred Stock (incorporated by reference to Exhibit 3.3 of our Registration Statement on Form S-1 (File No. 333-273246), as amended, initially filed with the Securities and Exchange Commission on July 14, 2023)                                                                                  |
| 3.4     |     | Certificate of Amendment to the Certificate of Designation of Series A Preferred Stock (incorporated by reference to Exhibit 3.4 of our Registration Statement on Form S-1 (File No. 333-273246), as amended, initially filed with