Company: NCL
Filing Date: 2025-10-24
Form Type: S-1/A
Source: 0001575872-25-000638
Chunk: 10

Company: Northann Corp.
Filing Date: 2025-10-24
Form: S-1/A
Chunk 10
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 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 , 2025.

TABLE OF CONTENTS</div>

|                                                      | Page |
| Prospectus Summary                                   |    3 |
| Risk Factors                                         |   14 |
| Cautionary Note Regarding Forward-Looking Statements |   28 |
| Private Placements                                   |   30 |
| Use of Proceeds                                      |   31 |
| Corporate History and Structure                      |   32 |
| Description of Capital Stock                         |   33 |
| Selling Stockholders                                 |   40 |
| Plan of Distribution                                 |   41 |
| Legal Matters                                        |   43 |
| Experts                                              |   43 |
| Where You Can Find Additional Information            |   43 |
| Information Incorporated By Reference                |   44 |

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 named herein may, from time to time, offer and sell or otherwise dispose of the Registered Shares covered by this prospectus. You should not assume that the information contained in this prospectus is accurate on any date subsequent to the date set forth on the front cover of this prospectus or that any information we have incorporated by reference is correct on any date subsequent to the date of the document incorporated by reference, even though this prospectus is delivered, or the Registered Shares are sold or otherwise disposed of on a later date. It is important for you to read and consider all information contained in this prospectus, including the documents incorporated by reference therein, in making your investment decision. You should also read and consider the information in the documents to which we have referred you under the caption “Where You Can Find