* Northann Corp (NYSE:NCL [https://seekingalpha.com/symbol/NCL]) has filed a prospectus to allow the resale of up to 120M common shares by existing investors.
* The registered shares relate to two prior share purchase agreements: 40M shares issued on March 31, 2025 under the Oneflow SPA, split equally among 5 investors (8M each) and 80M shares issued on September 3, 2025 under the X29 SPA, also split equally among 5 investors (16M each).
* Northann will not receive any proceeds from the resale of these shares.
* Source: SEC filing [https://seekingalpha.com/filing/10457037]
MORE ON NORTHANN
* Financial information for Northann [https://seekingalpha.com/symbol/NCL/income-statement]
Northann Corp. registers 120M shares for resale
Published 1 month ago
Sep 26, 2025 at 9:37 PM
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