Core Viewpoint - Northann Corp. has received a notice from NYSE American regarding non-compliance with continued listing standards due to insufficient stockholders' equity, requiring a plan to regain compliance by June 8, 2027 [1][2]. Group 1: Compliance and Listing Status - The company is not in compliance with Section 1003(a)(i) of the NYSE American Company Guide, which mandates stockholders' equity of at least $2 million for companies reporting losses in two of the last three fiscal years [1]. - Northann Corp. must submit a compliance plan by January 7, 2026, detailing actions to regain compliance [1]. - The receipt of the notice does not immediately affect the trading of the company's common stock, which will continue to trade under the symbol "NCL" with an added designation of ".BC" indicating "below compliance" status [3]. Group 2: Company Overview - Northann Corp. was founded in 2022 and is headquartered in Fort Lawn, South Carolina, specializing in additive manufacturing and 3D printing technologies for the building materials industry [4]. - The company offers innovative flooring, decking, and other construction products through its flagship brand, Benchwick, and holds over 60 granted or pending patents, highlighting its commitment to innovation and sustainability [4].
Northann Corp. Receives Non-Compliance Notice from NYSE American