Northann Corp. Issues Statement on Recent Stock Volatility

Rhea-AI Summary

Northann Corp (NYSE American: NCL), a 3D printing and manufacturing solutions company, has issued a statement addressing recent stock price volatility. The company explicitly stated that it is unaware of any new material developments or pending announcements related to its business operations that could explain the unusual trading activity in its common stock. This type of announcement is typically made to maintain transparency with investors and comply with regulatory requirements when significant stock price movements occur without apparent fundamental causes.

Positive

• None.

Negative

• Company acknowledges unusual stock volatility without clear fundamental basis

Fort Lawn, SC, June 06, 2025 (GLOBE NEWSWIRE) -- Northann Corp. (“Northann” or the “Company”) (NYSE American: NCL), a company specializing in 3D printing and manufacturing solutions, today announced that it is not aware of any new material developments or pending announcements concerning its business operations that may be contributing to the recent volatile market activity in the trading of its common stock.

About Northann Corp

Northann is at the forefront of 3D printing technology, providing cutting-edge solutions for various industries. With a strong focus on innovation, the Company continues to push the boundaries of manufacturing and design, delivering high-quality products to its global customer base.

For more information, please visit www.northann.com.

Forward Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, other factors discussed in the “Risk Factors” section of 10-K filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For investor and media inquiries, please contact:
Investor Relations
Northann Corp.
Email: ir@northann.com 
Phone: +1 (916) 573-3803

FAQ

Why did Northann Corp (NCL) issue a statement about stock volatility?

Northann Corp issued the statement to address unusual trading activity in its stock, confirming there are no new material developments or pending announcements that would explain the recent volatility.

What does NCL's stock volatility statement mean for investors?

The statement indicates that the recent stock price movements are not related to any fundamental business changes or pending announcements, suggesting the volatility might be driven by market factors rather than company-specific news.

Is there any material change in Northann Corp's business operations as of June 2025?

According to the company's statement, there are no new material developments or pending announcements concerning Northann Corp's business operations.

What business does Northann Corp (NCL) specialize in?

Northann Corp specializes in 3D printing and manufacturing solutions.