Core Viewpoint - NCL Corporation Ltd. has priced $315.0 million of 6.250% senior notes due 2030 in a private offering, aimed at refinancing existing debt [1][2]. Group 1: Offering Details - The offering of the senior notes is expected to close on September 17, 2024, subject to customary closing conditions [2]. - The net proceeds from the notes offering will be used to redeem $315.0 million of 3.625% Senior Notes due 2024, including accrued and unpaid interest [2]. Group 2: Regulatory Compliance - The notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, and will not be registered under the Securities Act [3]. - The offering does not constitute an offer to sell or a solicitation to buy any security in jurisdictions where such actions would be unlawful [4].

Core Viewpoint - NCL Corporation Ltd. is proposing a private offering of $315.0 million in senior notes due 2030 to redeem existing senior notes due 2024 [1][2]. Group 1: Notes Offering Details - The proposed offering is for $315.0 million aggregate principal amount of senior notes due 2030 [1]. - The net proceeds from the offering will be used to redeem the 3.625% Senior Notes due 2024, including any accrued and unpaid interest [2]. - The offering is exempt from the registration requirements of the Securities Act and is intended for qualified institutional buyers and non-U.S. investors [3]. Group 2: Redemption Conditions - The redemption of the 2024 Senior Notes is contingent upon the successful completion of the Notes Offering [2]. - The Notes will not be registered under the Securities Act or state securities laws, limiting their sale in the U.S. [3]. Group 3: Legal and Regulatory Information - The press release does not constitute an offer to sell or a solicitation to buy any securities [4]. - The offering is conducted in accordance with Rule 135c under the Securities Act [4].

Core Viewpoint - Northann Corp. reported strong financial results for Q1 2024, showcasing significant revenue growth and effective cost management, while also focusing on innovation and debt reduction [1][6]. Financial Highlights - Revenue for Q1 2024 reached $4.6 million, a 68% increase from $2.7 million in Q1 2023, driven by high demand for advanced flooring solutions [2]. - Gross profit was $1.54 million, up 24% from $1.25 million in Q1 2023, attributed to higher sales volumes and efficient cost management [2]. - Net income for the quarter was $60,035, a decrease of 68% compared to $185,466 in the same period last year, mainly due to increased R&D investments and higher interest expenses [3]. - Total operating expenses rose to $1.22 million, a 42% increase from $853,830 in Q1 2023, reflecting expanded R&D efforts and administrative costs [3]. Operational and Strategic Highlights - The company reduced total liabilities to $12.52 million from $13.04 million at the end of 2023, marking a 4% decrease, which strengthens the balance sheet [4]. - As of March 31, 2024, Northann Corp. had $593,934 in cash and cash equivalents, indicating a strong liquidity position [4]. - R&D expenses increased to $512,597 in Q1 2024, a 71% rise from $300,212 in the same period last year, underscoring the company's commitment to innovation [5]. CEO's Statement - The CEO expressed satisfaction with the company's performance, highlighting the dedication of the team and the growing market acceptance of their 3D printed flooring solutions, while emphasizing a strategic focus on innovation and cost management [6]. Looking Forward - Northann Corp. aims to expand its product offerings and market reach while maintaining financial prudence, with optimism about growth prospects for the remainder of 2024 supported by ongoing product innovation and strong market demand [7]. About Northann Corp. - Northann specializes in 3D-printed flooring solutions, utilizing recycled ocean plastics and offering a range of proprietary solutions through its sales network in North America and Europe, aiming to redefine modern flooring and wall panels [8].

Core Insights - Northann Corp. reported significant revenue growth and improvements in cost management and debt reduction for Q1 2024, indicating a strong market position in 3D printing technology for home improvement products [1][6]. Financial Highlights - Revenue for Q1 2024 reached $4.6 million, a 68% increase from $2.7 million in Q1 2023, driven by strong demand for advanced flooring solutions [2]. - Gross profit was $1.54 million, up 24% from $1.25 million in Q1 2023, attributed to higher sales volumes and effective cost management [2]. - Net income decreased to $60,035 from $185,466 in the same period last year, a decline of 68%, primarily due to increased R&D investments and higher interest expenses [3]. - Total operating expenses rose to $1.22 million, a 42% increase from $853,830 in Q1 2023, reflecting expanded R&D efforts and administrative costs [3]. Operational and Strategic Highlights - The company reduced total liabilities to $12.52 million from $13.04 million at the end of 2023, a 4% decrease, enhancing its balance sheet [4]. - As of March 31, 2024, Northann maintained a strong liquidity position with $593,934 in cash and cash equivalents [4]. - R&D expenses increased to $512,597 in Q1 2024, a 71% rise from $300,212 in the same period last year, underscoring the company's commitment to innovation [5]. CEO's Statement - The CEO expressed satisfaction with the company's performance, highlighting the dedication of the team and the growing market acceptance of its 3D printed flooring solutions, while emphasizing a strategic focus on innovation and cost management [6]. Looking Forward - Northann Corp. aims to expand its product offerings and market reach while maintaining financial prudence, with optimism about growth prospects for the remainder of 2024 supported by ongoing product innovation and strong market demand [7]. About Northann Corp. - Northann specializes in 3D-printed flooring solutions, utilizing recycled ocean plastics and offering a range of proprietary solutions through its sales network in North America and Europe, aiming to redefine modern flooring and wall panels [8].

Revenue and Profitability - Revenues for the three months ended March 31, 2024, were $4,595,531, an increase of $1,860,598 or 68% from $2,734,933 in the same period of 2023[130] - Gross profit was $1,543,990 for the three months ended March 31, 2024, with a gross margin decrease to 33.6% from 45.7% in the same period of 2023[132] - Net income for the three months ended March 31, 2024, was $60,033, a decrease from $185,466 in the same period of 2023, primarily due to increased costs[137] Costs and Expenses - Cost of revenues increased to $3,051,541 for the three months ended March 31, 2024, compared to $1,484,991 in 2023, primarily due to higher sales volume and increased raw material prices[131] - General and administrative expenses rose to $485,037 for the three months ended March 31, 2024, up from $355,127 in 2023, mainly due to increased service fees related to the company's new public status[136] - Research and development expenses increased to $512,597 for the three months ended March 31, 2024, compared to $300,211 in 2023, reflecting more ongoing projects[137] Cash Flow and Financing - Net cash provided by operating activities was $297,897 for the three months ended March 31, 2024, compared to a net cash used of $895,440 in the same period of 2023[141] - Net cash used in investing activities was $270,242 for the three months ended March 31, 2024, compared to $159,398 in 2023, mainly for construction payments[143] - Net cash used in financing activities was $641,782 for the three months ended March 31, 2024, compared to net cash provided of $521,943 in 2023, due to significant repayments of borrowings[144] - As of March 31, 2024, the company had cash of $590,169, down from $1,101,443 as of December 31, 2023, indicating a need for potential future financing[138]

This synergy, said Northann, is expected to drive new innovations in materials and design processes, leading to the manufacture of cutting-edge, sustainable cabinetry solutions that are both beautiful and functional. Other key elements of the partnership include: "We are thrilled to partner with Adornus Cabinetry," said Northann CEO Lin Li. "This collaboration marks a significant step forward in our company's commitment to enhancing the integration of innovative solutions in the housing and construction ind ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) OR For the transition period from _______ to ________ NORTHANN CORP. (Exact name of registrant as specified in its charter) c/o Northann Distribution Center Inc. 9820 Dino Drive, Suite 110 Elk Grove, CA 95624 95624 (Address of principal executive offices) (Zip Code) Securities registered pursuant to Section 12(b) of the Act: | --- | --- | --- | --- | --- | |--------------------------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41816 NORTHANN CORP. | (Exact name of registrant as specified in its charter) | | | --- | --- | | Nevada | 88-1513509 | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identifica ...