Company: NCL
Filing Date: 2025-11-14
Form Type: 424B3
Source: 0001575872-25-000688
Chunk: 8

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 424B3
Chunk 8
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 registration statement. The transfers of funds between the Company and the subsidiaries
and among subsidiaries are subject to the Provisions of the Supreme People’s Court on Several Issues Concerning the Application
of Law in the Trial of Private Lending Cases (2020 Revision, the “Provisions on Private Lending Cases”), which was implemented
on August 20, 2020 to regulate the financing activities between natural persons, legal persons and unincorporated organizations. As advised
by our PRC counsel, Grandall Law Firm, the Provisions on Private Lending Cases does not prohibit
using cash generated from the Company or one subsidiary to fund another subsidiary’s operations. We have not been notified of any
other restriction which could limit our PRC subsidiaries’ ability to transfer cash between subsidiaries and between the Company
and the subsidiaries. In addition, management monitors the cash position of each entity within our organization regularly and prepare
budgets on a monthly basis to ensure each entity has the necessary funds to fulfil its obligation for the foreseeable future and to ensure
adequate liquidity. In the event that there is a need for cash or a potential liquidity issue, it will be reported to the Chief Executive
Officer and, subject to approval by the board of directors, we will enter into an intercompany loan for the subsidiary.

Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.

<div align='center'>The date of this prospectus is November 13, 2025.

TABLE OF CONTENTS</div>

|                                                      | Page |
| Prospectus Summary                                   |    3 |
| Risk Factors                                         |   16 |
| Cautionary Note Regarding Forward-Looking Statements |   31 |
| Private Placements                                   |   32 |
| Use of Proceeds                                      |   33 |
| Corporate History and Structure                      |   34 |
| Description of Capital Stock                         |   35 |
| Selling Stockholders                                 |   42 |
| Plan of Distribution                                 |   43 |
| Legal Matters                                        |   45 |
| Experts                                              |   45 |
| Where You Can Find Additional Information            |   45 |
| Information Incorporated By Reference                |   46 |

This prospectus is part of a registration statement that we have filed with the Securities and Exchange Commission (the “SEC”) pursuant to which the Selling Stockholders