M&A: Northann Corp.

Form Type: S-1

Filing Date: 2024-12-23

Corporate Action: Acquisition

Type: New

Accession Number: 000157587224001279

Comments: Northann Corp. filed a registration statement under the Securities Act of 1933 on December 23, 2024. The company is registering the sale of up to 30,084,400 shares of common stock, offered by various selling stockholders. This includes shares issued as a result of multiple recent acquisitions: 4,484,400 shares to Chuntao Li for the acquisition of Cedar Modern Limited and 4,500,000 shares to Jianqun Xu from the acquisition of Raleigh Industries Limited. The company will not receive profits from these transactions, which will instead be collected by the selling stockholders. Additionally, shares issued as part of service agreements with Linkun Investment LLC, CAKL Holdings Sdn Bhd, and San River International Sdn Bhd are also included in this offering. Northann Corp. operates primarily through subsidiaries and does not conduct material operations independently. The public offering date is subject to the effective date of the registration statement, and the common stock is listed on the New York Stock Exchange under the symbol “NCL.” Risks related to the company’s operations, particularly those associated with its subsidiaries operating within China, as well as regulatory considerations impacting public trading, are discussed.

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