Northann Corp. Files 8-K for Material Agreement
Ticker: NCL · Form: 8-K · Filed: Nov 21, 2024 · CIK: 1923780
Sentiment: neutral
Topics: material-agreement, 8-k
TL;DR
Northann Corp. signed a material deal on Nov 19, 2024. 8-K filed.
AI Summary
Northann Corp. filed an 8-K on November 21, 2024, reporting a material definitive agreement entered into on November 19, 2024. The filing also includes financial statements and exhibits. The company is incorporated in Nevada and its principal executive office is located in Elk Grove, California.
Why It Matters
This 8-K filing indicates Northann Corp. has entered into a significant agreement, which could impact its business operations and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's future performance.
Key Players & Entities
- Northann Corp. (company) — Registrant
- November 19, 2024 (date) — Date of earliest event reported
- November 21, 2024 (date) — Date of report
- Nevada (jurisdiction) — State of incorporation
- 9820 Dino Drive, Suite 110, Elk Grove, CA 95624 (address) — Principal Executive Office
FAQ
What type of material definitive agreement did Northann Corp. enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on November 19, 2024.
When was this 8-K report filed?
The 8-K report was filed on November 21, 2024.
Where is Northann Corp.'s principal executive office located?
Northann Corp.'s principal executive office is located at 9820 Dino Drive, Suite 110, Elk Grove, CA 95624.
In which state is Northann Corp. incorporated?
Northann Corp. is incorporated in Nevada.
What is the SIC code for Northann Corp.?
The Standard Industrial Classification (SIC) code for Northann Corp. is 3089, which corresponds to PLASTICS PRODUCTS, NEC.
Filing Stats: 749 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-11-21 16:10:27
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value NCL NYSE American LLC I
Filing Documents
- ncl-20241119.htm (8-K) — 78KB
- or051_ex10-2.htm (EX-10.2) — 65KB
- 0001575872-24-001200.txt ( ) — 290KB
- ncl-20241119.xsd (EX-101.SCH) — 4KB
- ncl-20241119_cal.xml (EX-101.CAL) — 1KB
- ncl-20241119_def.xml (EX-101.DEF) — 11KB
- ncl-20241119_lab.xml (EX-101.LAB) — 16KB
- ncl-20241119_pre.xml (EX-101.PRE) — 12KB
- ncl-20241119_htm.xml (XML) — 4KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. As previously described on Northann Corp.(the "Company")'s Current Report on Form 8-K on July 26, 2024, the Company had, on July 26, 2024, entered into a lease agreement (as amended on August 5, 2024, the "Lease Agreement") with SKY SC LLC (the "Landlord"), with a commencement date of August 20, 2024 (the "Commencement Date"). The details of the Lease Agreement as set out in the Company's Current Report on Form 8-K on July 26, 2024, are incorporated herein by reference. On November 19, 2024, the Company entered into a First Amendment of Lease with the Landlord (the "Amendment"). Under the Amendment, the Commencement Date has been amended from August 20, 2024 to November 1, 2024. Under the Amendment, the Landlord acknowledges that the Company has paid the first full month's installment of the Base Rent (as defined in the Lease Agreement), and the Company shall pay the first full month's estimated cost of the Company's pro rata share of Taxes, Insurance, and Common Area Maintenance charges (all as defined under the Lease Agreement). The Landlord and Company acknowledges that each other party is not in default of the Lease Agreement, and that there are no conditions that, with the passage of time or giving of notice, would be deemed to be a default on the part of either the Company or the Landlord. The Landlord also acknowledges and agrees that 3D Printing Dev, LLC, a wholly owned subsidiary of the Company, subject to a separate assignment and assumption agreement, assumes the Lease Agreement starting from the execution of the Amendment. The foregoing description of the Amendment is qualified in its entirety by reference to the Amendment, which is filed with this Current Report on Form 8-K as Exhibit 10.2.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1* Lease Agreement, dated July 26, 2024 and amended as of August 5, 2024, among Northann Corp. and SKY SC LLC 10.2 First Amendment of Lease, dated November 19, 2024, among Northann Corp. and SKY SC LLC 104 Cover Page Interactive Data File (embedded with the Inline XBRL document). Exhibits and schedules to this Exhibit have been omitted pursuant to Regulation S-K Item 601(a)(5). The Registrant agrees to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon request. * Filed previously. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NORTHANN CORP. Date: November 21, 2024 By: /s/ Lin Li Name: Lin Li Title: Chief Executive Officer 3