8-K: Northann Corp. Enacts 1-for-8 Reverse Stock Split

Northann Corp. has implemented a 1-for-8 reverse stock split for its common and preferred shares, effective October 7, 2025, to adjust its share structure.

Summary

• Northann Corp. completed a 1-for-8 reverse stock split for its common stock and Series A preferred stock.
• The reverse stock split became effective at 4:30 PM ET on October 7, 2025.
• Trading on a split-adjusted basis on the NYSE American will commence on October 8, 2025, under the existing symbol NCL.
• Every eight shares of issued and outstanding common and preferred stock were converted into one share.
• Fractional shares resulting from the split will be rounded up to the next whole share.
• The par value of $0.001 per share for both common and preferred stock remains unchanged.
• The reverse stock split does not affect stockholders' proportionate equity interests or voting rights.
• A new CUSIP number, 66373M 408, has been assigned to the common stock.

Sentiment

Score: 5

Explanation: The filing reports a standard corporate action (reverse stock split) with no explicit positive or negative financial implications disclosed within the document itself.

Future Outlook

Common Stock will begin trading on a split-adjusted basis on the NYSE American at the commencement of trading on October 8, 2025.

Corporate Governance

Stakeholder Impact

• Shareholders: The number of shares held will decrease by a factor of eight, with fractional shares rounded up to the next whole share. Proportionate equity interests and voting rights remain unchanged.

Next Steps

• Common Stock to begin trading on a split-adjusted basis on the NYSE American at the commencement of trading on October 8, 2025.

Key Dates

Keywords

Northann Corp, Reverse Stock Split, Common Stock, Preferred Stock, NYSE American, Stock Split, Corporate Action, NCL, CUSIP