Announcement • Aug 15
Northann Corp. announced delayed 10-Q filing On 08/14/2026, Northann Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Aug 11
Northann Corp Announces Trading Halt of Common Stock on NYSE American On June 25, 2026, trading of the common stock, par value $0.001 per share (Common Stock), of Northann Corp. (the Company) was halted (the Trading Halt) on the NYSE American (the Exchange). Through discussions with the Exchange, we learned that the Exchange initiated the Trading Halt due to concerns that we may have filed our Annual Report on Form 10-K for Fiscal year 2025 (the 2025 10-K) without having received from LAO Professionals, our independent registered public accounting firm (the Auditor), its approval to make that filing or to include in it (as Exhibit 23.1 thereto) their consent with respect to their audit report on our financial statements as of and for the years ended December 31, 2024 and 2025. Since the date the Trading Halt began, we have been in frequent communication with the Exchange, and we have begun investigating the circumstances surrounding the filing of our 2025 10-K and whether appropriate approval and consent were provided by the Auditor. On July 1, 2026, our Board of Directors (our Board) formed an Oversight Committee of the Board and gave the Oversight Committee authority to direct and supervise all matters relating to the Company's regulatory compliance, financial reporting, corporate governance, and to conduct an independent review of the matters raised by the Exchange. The Board also granted the Oversight Committee the power to engage and instruct outside advisors on behalf of the Company. On July 15, 2026 the Oversight Committee retained the firm of Lewis Brisbois Bisgaard & Smith LLP to act as its legal counsel. As of the date of this Current Report on Form 8-K (this Report), the Trading Halt remains in place. The Oversight Committee is continuing its independent review of the Company's relationship with the Auditor and the circumstances surrounding the preparation and filing of our 2025 10-K, and the Company has continued to provide the Exchange with information it has requested regarding these matters. We are actively pursuing the remedial measures described in this Report, including enhanced Board oversight and the engagement of a new independent registered public accounting firm. We cannot predict the timing or outcome of the Exchange's review, including when or whether the Exchange will lift the Trading Halt or whether it will initiate any further listing proceedings. Announcement • May 19
Northann Corp. announced delayed 10-Q filing On 05/18/2026, Northann Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 01
Northann Corp. announced delayed annual 10-K filing On 03/31/2026, Northann Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Mar 03
Northann Corp. Announces NYSE American's Acceptance of its Strategic Listing Optimization Plan Northann Corp. announced that on February 24, 2026, it received an official notification from the NYSE American LLC (the “NYSE American”) accepting the Company’s strategic plan to regain compliance with the NYSE American’s listing standards. This acceptance letter granted the Company until June 8, 2027 (the “Plan Period”), to regain compliance with the continued listing standards. During the Plan Period, the Company plans to maintain close, collaborative communication with the NYSE American, sharing periodic updates on its strategic milestones. If the Company does not regain compliance with the NYSE American listing standards by June 8, 2027, or if the Company does not make sufficient progress consistent with the Plan during the Plan Period, then NYSE American may initiate delisting proceedings. The Company's management is actively executing a comprehensive 2026 roadmap to enhance shareholder value. This includes the recently announced strategic expansion into major North American retail channels, synergistic partnerships such as the collaboration with globally renowned manufacturers in USA, and the continuous optimization of its capital structure. These initiatives reflect the Company's steadfast commitment to following the NYSE American guidelines while scaling its business. The Company’s shares of common stock, par value $0.001 per share, will continue to be listed and traded on the NYSE American during the Plan Period, subject to the Company’s compliance with the other listing requirements of the NYSE American. The Acceptance Letter does not affect the Company’s ongoing business operations or its reporting requirements with the Securities and Exchange Commission (“SEC”). New Risk • Dec 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$6.4m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 66% per year over the past 5 years. Shareholders have been substantially diluted in the past year (228% increase in shares outstanding). Market cap is less than US$10m (US$5.82m market cap). Announcement • Dec 12
Northann Corp. Receives Notice of Non-Compliance with NYSE Listing Standards On December 8, 2025, Northann Corp. received a letter from the staff of NYSE American LLC stating that the Company was not in compliance with the Exchange’s continued listing standards under Section 1003(a)(i) of the NYSE American Company Guide, as it had stockholders’ equity of approximately $1.8 million as of September 30, 2025, and losses from continuing operations and/or net losses in two of its three most recent fiscal years ended December 31, 2024. Section 1003(a)(i) of the Company Guide requires a listed company to have stockholders’ equity of $2.0 million or more if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. The Company is now subject to the procedures and requirements of Section 1009 of the Company Guide. The Company has until January 7, 2026, to submit a plan of actions it has taken or will take to regain compliance with the continued listing standards by June 8, 2027. Additionally, the Exchange has informed the Company that its records indicate that the Company has a current outstanding fee balance of $60,000.00 as of December 8, 2025, and that it would not review a business plan unless the Company has paid in full any listing or annual fees to the Exchange that are outstanding as of December 8, 2025. The company intends to pay all outstanding fees to the Exchange in full, and timely deliver a Plan to the Exchange. If the Exchange accepts the Plan, the Company will be able to continue its listing during the Plan period and will be subject to periodic reviews including quarterly monitoring for compliance with the Plan until it has regained compliance. If the Plan is not accepted by the Exchange, the Letter stated that delisting proceedings will commence. The Company may appeal a staff delisting determination in accordance with Section 1010 and Part 12 of the Company Guide. The Letter has no immediate effect on the listing or trading of the Company’s common stock on the Exchange. The common stock will continue to trade under the symbol “NCL”, but will have an added designation of “.BC” to indicate the status of the common stock as “below compliance”. The Company’s receipt of the Letter from the Exchange does not affect the Company’s business, operations or reporting requirements with the U.S. Securities and Exchange Commission. Announcement • Dec 05
Northann Corp., Annual General Meeting, Dec 31, 2025 Northann Corp., Annual General Meeting, Dec 31, 2025. Location: 2251 catawba river rd, fort lawn, sc 29714., United States Reported Earnings • Nov 17
Third quarter 2025 earnings released: US$0.072 loss per share (vs US$0.16 profit in 3Q 2024) Third quarter 2025 results: US$0.072 loss per share (down from US$0.16 profit in 3Q 2024). Revenue: US$3.55m (up 39% from 3Q 2024). Net loss: US$8.80m (down US$9.30m from profit in 3Q 2024). Announcement • Aug 15
Northann Corp. announced delayed 10-Q filing On 08/14/2025, Northann Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jul 03
Northann Corp. Auditor Raises 'Going Concern' Doubt Northann Corp. filed its 10-K on Jul 01, 2025 for the period ending Dec 31, 2024. In this report its auditor, WWC, P.C., gave an unqualified opinion expressing doubt that the company can continue as a going concern. Announcement • May 17
Northann Corp. announced delayed 10-Q filing On 05/16/2025, Northann Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 01
Northann Corp. announced delayed annual 10-K filing On 03/31/2025, Northann Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Board Change • Feb 14
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). COO & Executive Director Kurtis Winn is the most experienced director on the board, commencing their role in 2022. Independent Director Umesh Patel was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Jan 03
Northann Corp. Approves Election of Jing Zhang as Director Northann Corp. announced that at its AGM held on December 31, 2024, the shareholders approved election of Jing Zhang as director of the company. Announcement • Dec 18
Northann Corp., Annual General Meeting, Dec 31, 2024 Northann Corp., Annual General Meeting, Dec 31, 2024. Location: 2251 catawba river rd, fort lawn, sc 29714, United States Announcement • Nov 15
Northann Corp. announced delayed 10-Q filing On 11/14/2024, Northann Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Oct 16
Northann Corp. (NYSEAM:NCL) acquired Cedar Modern Limited from Chuntao Li $0.76 million. Northann Corp. (NYSEAM:NCL) agreed to acquire Cedar Modern Limited from Chuntao Li for $0.76 million on October 11, 2024. The consideration consists of 4.48 million common equity of Northann Corp. to be issued for common equity of Cedar Modern Limited. As part of consideration, an undisclosed value is paid towards common equity of Cedar Modern Limited.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer board, consummation of due diligence investigation and execution of employment agreement.
Northann Corp. (NYSEAM:NCL) completed the acquisition of Cedar Modern Limited from Chuntao Li on October 14, 2024. Reported Earnings • Aug 16
Second quarter 2024 earnings released: US$0.044 loss per share (vs US$0.035 loss in 2Q 2023) Second quarter 2024 results: US$0.044 loss per share (further deteriorated from US$0.035 loss in 2Q 2023). Revenue: US$3.89m (down 14% from 2Q 2023). Net loss: US$997.5k (loss widened 43% from 2Q 2023). Board Change • Aug 15
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). COO & Executive Director Kurtis Winn is the most experienced director on the board, commencing their role in 2022. Independent Director Brad LaLonde was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • May 26
Northann Corp. Announces Board and Committee Changes On May 17, 2024, Charles James Schaefer IV, a member of the Board of Directors of Northann Corp. (the “Company”), resigned as a member of the Board of Directors (the “Board”) of the Company, effective immediately. Mr. Schaefer, an independent director, served as a member of the audit committee and the nominating committee, chair of the compensation committee of the Board at the time of his resignation. On May 23, 2024, the remaining members of the Board appointed Mr. Umesh Patel as a member of the Company’s Board of Directors, a member of the audit committee and the nominating committee, as well as the chair of the compensation committee of the Board. Mr. Prasad has been serving as the chief executive officer and a director of Fuse Group Holding Inc., since February 2017, and the company’s chief financial officer since November 2022. He has also been a director of Nova Lifestyle Inc. since November 2016 and presently serves as the chairman of the Audit Committee and member of the Compensation Committee and Nominating and Governance Committee. Since May 2012, Mr. Patel has served as a managing partner of DviBri LLC. From 2001 to 2007, Mr. Patel was the president and CFO of Digital Learning Management Corp. Mr. Patel received his Associate degree in hotel management and catering in 1976, and his Bachelor of Commerce degree specializing in audits and accounts in 1979, both from Maharaja Sayaji Rao University in Baroda, India. Announcement • May 17
Northann Corp. announced delayed 10-Q filing On 05/15/2024, Northann Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 02
Northann Corp. announced delayed annual 10-K filing On 04/01/2024, Northann Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Jan 23
Northann Corp Announces Benchwick Product and Technology Offerings for 2024 International Surface Event in Las Vegas Northann Corp. announced its product and technology exhibit lineup for the 2024 International Surface Event (TISE2024), the largest North American floor covering, stone, and tile industry trade exposition, January 24th to 26th at the Mandalay Bay Convention Center in Las Vegas. Featured in this lineup will be Northann’s latest Benchwick brand 3D-printing ecosystem offerings equipped with advanced design features integrating recycled materials and sustainable manufacturing processes. Among these offerings will be: Ocean Plastic Waste Core Blue11: This revolutionary eco-friendly substance, which utilizes recycled ocean plastic waste, not only addresses environmental concerns but also provides an expanded color palette and a wide array of new features. High Glossy Flooring and Wall Panels: Employing a low-temperature glaze processing akin to ceramic tiles, Benchwick introduces a game-changing manufacturing technique for 3D-printed flooring and wall panels that achieves a stunning high-gloss finish while offering unparalleled durability and functionality. Versatile Substrates: New waterproof laminate and veneer options, combined with HDF board integration, that introduce a world of creative possibilities for designers and manufacturers. Updated AI-Powered Envision Engine: Benchwick is proud to introduce version 0.5 of Artificial Intelligence image creation tool, the Envision Engine. This updated tool is now more powerful than ever, generating realistic and diversified wood and tiles images, thereby revolutionizing the way customers design and visualize their projects. A special team will be available at exhibit booth 2659 to demonstrate this latest version to investors and users. Visit Benchwick at Exhibit Booth 2659 at TISE 2024 to experience these cutting-edge advancements firsthand. Witness the future of 3D printing and explore the endless possibilities that Benchwick's ecosystem offers. Announcement • Nov 17
Northann Corp. announced delayed 10-Q filing On 11/15/2023, Northann Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Oct 19
Northann Corp. has completed an IPO in the amount of $6 million. Northann Corp. has completed an IPO in the amount of $6 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,200,000
Price\Range: $5
Discount Per Security: $0.375 Board Change • Sep 26
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Brad LaLonde was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.