Northann Corp. received a notice from the NYSE American regarding non-compliance with listing standards.
The Company needs to address stockholders' equity requirements to regain compliance.
A plan submission deadline has been set for January 7, 2026, with a compliance target by June 8, 2027.
Non-Compliance Notice
Received a notice for not meeting stockholders' equity requirements under NYSE American's standards.
Compliance Plan
Must submit a plan by January 7, 2026, to address the listing standards and regain compliance by June 8, 2027.
Trading Status
Common stock will continue to trade under the symbol NCL but with an added designation of ".BC" for "below compliance."
- The Company's listing and trading status are not immediately affected by the notice.
- Northann's business operations and reporting requirements with the SEC remain unaffected.
Northann Corp. is proactively addressing the non-compliance issue by preparing a compliance plan as per NYSE American's requirements. The Company maintains its commitment to innovation and sustainability in the building materials industry.