Company: NCL
Filing Date: 2025-11-14
Form Type: 424B3
Source: 0001575872-25-000688
Chunk: 64

Company: Northann Corp.
Filing Date: 2025-11-14
Form: 424B3
Chunk 64
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 evidence collection activities within the territory
of the PRC. Article 177 further provides that Chinese entities and individuals are not allowed to provide documents or materials related
to securities business activities to foreign agencies without prior consent from the securities regulatory authority of the PRC State
Council and the competent departments of the PRC State Council. While detailed interpretation of or implementing rules under Article 177
have yet to be promulgated, the inability for an overseas securities regulator to directly conduct investigation or evidence collection
activities within China may further increase difficulties faced by you in protecting your interests.

<div align='center'>PRIVATE PLACEMENTS</div>

Oneflow Private Placement

On December 6, 2024, the Company entered into
the Oneflow SPA with Oneflow LLC as the lead investor and four other passive investors, pursuant to which the Company agreed to sell common
stock to various purchasers (the “Oneflow Purchasers”) in a private placement transaction (the “Oneflow Private Placement”).
Pursuant to the Oneflow SPA, the Company agreed to transfer, assign, set over and deliver to the Oneflow Purchasers and the Oneflow Purchasers
agreed, severally and not jointly, to acquire from the Company in the aggregate 5,000,000 shares of common stock at the average of the
closing prices for the five trading days immediately prior to the closing per share.

The Oneflow Private Placement closed on March
31, 2025.

| 32 |

X29 Private Placement

On December 6, 2024, the Company entered into
the X29 SPA with X29 LLC as the lead investor and four other passive investors, pursuant to which the Company agreed to sell common stock
to these investors (the “X29 Purchasers”) in a private placement transaction (the “X29 Private Placement”). Pursuant
to the X29 SPA, the Company agreed to transfer, assign, set over and deliver to the X29 Purchasers and the X29 Purchasers agreed, severally
and not jointly, to acquire from the Company in the aggregate 10,000,000 shares of common stock at the average of the closing prices for
the five trading days immediately prior to the closing per share.

The X29 Private Placement closed on September
3, 2025.

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 193