Company: NCL
Filing Date: 2025-01-14
Form Type: S-1/A
Source: 0001575872-25-000059
Chunk: 70

Company: Northann Corp.
Filing Date: 2025-01-14
Form: S-1/A
Chunk 70
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 shall not be entitled to receive dividends of any kind. The Series A Preferred Stock shall not
be subject to conversion into common stock or other equity authorized to be issued by the Company.

Reserve Stock Split

On July 5, 2023, as approved by the board of directors
and the majority shareholder of the Company, the Company effected a reverse split of our outstanding common stock and Series A Preferred
Stock at a ratio of 2-for-1. All references to common stock, Series A Preferred Stock, share data, per share data, and related information
have been retroactively adjusted, where applicable, in this prospectus to reflect the reverse split of our issued and outstanding common
stock and Series A Preferred Stock as if these events had occurred at the beginning of the earliest period presented.

Listing of Common Stock

We listed our common stock on the NYSE American
under the symbol “NCL”.

Transfer Agent and Registrar

The transfer agent for our common stock is VStock
Transfer LLC. The address is 18 Lafayette Pl, Woodmere, NY 11598. The telephone number is (212) 828-8436.

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<div align='center'>SELLING STOCKHOLDERS</div>

Unless the context otherwise requires, as used
in this prospectus, “selling stockholders” includes the selling stockholders listed below and donees, pledgees, transferees
or other successors-in-interest selling shares received after the date of this prospectus from the selling stockholder as a gift, pledge
or other non-sale related transfer.

The shares of common stock being offered by the
selling stockholders are those issued to the selling stockholders. We are registering the shares of common stock in order to permit the
selling stockholders to offer the shares for resale from time to time. The selling stockholders have not had any material relationship
with us within the past three years.

The table below lists the selling stockholders
and other information regarding the beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934, as
amended, and the rules and regulations thereunder) of the shares of common stock held by the selling stockholders. The second column lists
the number of shares of common stock beneficially owned by the selling stockholders, based on its beneficial ownership of shares of common
stock. The third column lists the shares of common stock being offered by this prospectus by the selling stockholders. This prospectus
generally covers