Northann Corp. Announces $5 Million Private Placement of Common Stock for Software Acquisition

Reuters11-25

<a href="https://laohu8.com/S/NCL">Northann Corp.</a> Announces $5 Million Private Placement of Common Stock for Software Acquisition

Northann Corp. has announced an unregistered sale of equity securities in connection with its recent Asset Purchase Agreement with Kingsford Consultancy Ltd. As consideration for certain proprietary software assets, Northann will issue 12,500,000 shares of its common stock at $0.40 per share, totaling $5,000,000, to a designee designated by Kingsford. The shares will be issued as restricted securities under Section 4(a)(2) of the Securities Act of 1933 and will bear a restrictive legend. The transaction is subject to closing conditions, including approval from Northann's stockholders and the NYSE American.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northann Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001575872-25-000717), on November 24, 2025, and is solely responsible for the information contained therein.

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Announces $5 Million Private Placement of Common Stock for Software Acquisition","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/NCL\">Northann Corp.</a> Announces $5 Million Private Placement of Common Stock for Software Acquisition\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Northann Corp. has announced an unregistered sale of equity securities in connection with its recent Asset Purchase Agreement with Kingsford Consultancy Ltd. As consideration for certain proprietary software assets, Northann will issue 12,500,000 shares of its common stock at $0.40 per share, totaling $5,000,000, to a designee designated by Kingsford. 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