Company: NCL
Filing Date: 2025-02-07
Form Type: 424B3
Source: 0001575872-25-000134
Chunk: 12

Company: Northann Corp.
Filing Date: 2025-02-07
Form: 424B3
Chunk 12
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 and to penetrate the markets and encourages innovation and changes to an already developed and static industry. During the nine months ended September 30, 2024, and the fiscal years ended December 31, 2023, and 2022, nil, nil and 0.5% of our revenue came from patent licensing. We serve customers in North America (mainly the United States and Canada), Europe and other regions. During the nine months ended September 30, 2024, 99% of our revenue came from customers in the United States and 1% came from customers in Canada. During the fiscal year ended December 31, 2023, 98.23% of our revenue came from customers in the United States and 1.28 % came from customers in Canada. During the fiscal year ended December 31, 2022, 85.50% of our revenue came from customers in the United States and 12.95% came from customers in Canada. During the nine months ended September 30, 2024 and the fiscal years ended December 31, 2023 and 2022, less than 1% of our revenue came from customers in Europe and less than 1% of the revenue came from customers in other regions.

| 1 | Additive Manufacturing Building the Future Spotlight (energy.gov),                                                                                                                                                                 
 by U.S. Department of Energy, Office of Technology Transitions, original published in April 2019 and updated in July 2019, https://www.energy.gov/sites/default/files/2019/07/f64/2019-OTT-Additive-Manufacturing-Spotlight_0.pdf. |

| 2 | https://www.3printr.com/wohlers-report-2024-3d-printing-market-grew-by-11-1-percent-in-2023-1470305/ |

| 3 | https://www.3printr.com/wohlers-report-2024-3d-printing-market-grew-by-11-1-percent-in-2023-1470305/ |

| 3 |

Corporate History and Structure

We commenced operations in August 2013
with the establishment of NBS in Delaware.

In December 2013, NCP was established
in China. Most of our products are manufactured through NCP.

In March 2014, Benchwick was established
in Hong Kong. All of our wholesale and distribution operations are conducted through Benchwick.

In April 201