Northann Corp. Faces Delisting Concerns
Ticker: NCL · Form: 8-K · Filed: Dec 11, 2025 · CIK: 1923780
Sentiment: bearish
Topics: delisting, listing-standards, regulatory
TL;DR
Northann Corp. might get delisted - big trouble ahead.
AI Summary
Northann Corp. filed an 8-K on December 11, 2025, reporting a notice of delisting or failure to meet continued listing standards. The filing also includes other events and financial statements and exhibits. The earliest event reported was on December 8, 2025.
Why It Matters
This filing indicates potential issues with Northann Corp.'s ability to remain listed on its exchange, which could significantly impact its stock value and liquidity.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards is a severe event that directly threatens the company's public trading status.
Key Players & Entities
- Northann Corp. (company) — Registrant
- 0001923780 (company) — Central Index Key
- 20251208 (date) — Earliest event reported date
- 20251211 (date) — Filing date
FAQ
What specific listing rule or standard has Northann Corp. failed to satisfy?
The filing does not specify the exact rule or standard that Northann Corp. has failed to satisfy, only that a notice has been issued.
What is the earliest date of the events reported in this 8-K?
The earliest date of the events reported is December 8, 2025.
What is Northann Corp.'s principal executive office address?
Northann Corp.'s principal executive office is located at 2251 Catawba River Rd, Fort Lawn, SC 29714.
What is Northann Corp.'s telephone number?
Northann Corp.'s telephone number is (916) 573-3803.
What is the filing date of this 8-K report?
This 8-K report was filed on December 11, 2025.
Filing Stats: 841 words · 3 min read · ~3 pages · Grade level 10.2 · Accepted 2025-12-11 17:26:11
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value NCL NYSE American LLC I
- $1.8 million — d stockholders' equity of approximately $1.8 million as of September 30, 2025, and losses fr
- $2.0 million — ompany to have s tockholders' equity of $2.0 million or more if it has reported losses from
- $60,000.00 — as a current outstanding fee balance of $60,000.00 as of December 8, 2025, and that it wou
Filing Documents
- ncl-20251202.htm (8-K) — 70KB
- ncl112_ex99-1.htm (EX-99.1) — 21KB
- ncl112_ex99-1img01.jpg (GRAPHIC) — 18KB
- 0001575872-25-000755.txt ( ) — 246KB
- ncl-20251208.xsd (EX-101.SCH) — 45KB
- ncl-20251202_htm.xml (XML) — 3KB
01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard Transfer of Listing
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard Transfer of Listing. On December 8, 2025, Northann Corp. (the "Company") received a letter (the "Letter") from the staff of NYSE American LLC (the "Exchange") stating that the Company was not in compliance with the Exchange's continued listing standards under Section 1003(a)(i) of the NYSE American Company Guide (the "Company Guide"), as it had stockholders' equity of approximately $1.8 million as of September 30, 2025, and losses from continuing operations and/or net losses in two of its three most recent fiscal years ended December 31, 2024. Section 1003(a)(i) of the Company Guide requires a listed company to have s tockholders' equity of $2.0 million or more if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. The Company is now subject to the procedures and requirements of Section 1009 of the Company Guide. The Company has until January 7, 2026, to submit a plan (the "Plan") of actions it has taken or will take to regain compliance with the continued listing standards by June 8, 2027. Additionally, the Exchange has informed the Company that its records indicate that the Company has a current outstanding fee balance of $60,000.00 as of December 8, 2025, and that it would not review a business plan unless the Company has paid in full any listing or annual fees to the Exchange that are outstanding as of December 8, 2025. The Company intends to pay all outstanding fees to the Exchange in full, and timely deliver a Plan to the Exchange. If the Exchange accepts the Plan, the Company will be able to continue its listing during the Plan period and will be subject to periodic reviews including quarterly monitoring for compliance with the Plan until it has regained compliance. If the Plan is not accepted by the Exchange, the Letter stated that delisting proceedings will commence. The Company may appeal a staff delisti
01 Other Events
Item 8.01 Other Events. On December 11, 2025, the Company issued a press release relating to the matters described in Item 3.01 of this Current Report on Form 8-K, a copy of which is attached hereto as Exhibit 99.1.
01 Financial Statement and Exhibits
Item 9.01 Financial Statement and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated December 11, 2025. 104 Cover Page Interactive Data File (embedded within Inline XBRL document) 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: December 11, 2025 By: /s/ Lin Li Name: Lin Li Title: Chief Executive Officer 3