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Northann Corp. ( (NCL) ) has shared an update.
Northann Corp. announced that its Board of Directors has approved a reverse stock split of both its Common and Preferred Stock at a ratio of one-for-eight, effective October 7, 2025. This move aims to increase the per share price to maintain the company’s listing on the NYSE American. The reverse stock split will affect all stockholders uniformly without altering their percentage ownership or voting rights, except for adjustments to avoid fractional shares. The company will amend its Articles of Incorporation and Certificate of Designation of Preferred Stock to reflect this change, while the number of authorized shares remains unchanged.
Spark’s Take on NCL Stock
According to Spark, TipRanks’ AI Analyst, NCL is a Neutral.
Northann Corp. faces substantial financial hurdles, marked by high leverage and negative profitability. While technical indicators offer some stability, the lack of profitability and unattractive valuation metrics weigh heavily on its stock performance. Strategic improvements are needed to enhance financial health and investor confidence.
To see Spark’s full report on NCL stock, click here.
More about Northann Corp.
Average Trading Volume: 2,354,092
Technical Sentiment Signal: Sell
Current Market Cap: $16.7M
For an in-depth examination of NCL stock, go to TipRanks’ Overview page.