Northann announces effectiveness of registration statement

Northann (NCL) is pleased to announce that the U.S. SEC has declared its S-1 registration statement effective as of 4:00 PM ET on February 6. This milestone marks a significant step forward in the company’s journey to enhance shareholder value and further expand its presence in the innovative and sustainable building materials industry. The Registration Statement registered the resale of up to 30,084,400 shares of common stock of the company, associated with various strategic agreements, including acquisition agreements, private placements, and consulting services arrangements. The company will not directly receive proceeds from the resale of these shares.