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Northann Corp. (NCL) granted NYSE American compliance plan period to 2027

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Northann Corp. announced that NYSE American has accepted its plan to regain compliance with the exchange’s continued listing standards. The company has until June 8, 2027 to meet these requirements, during which its common stock will remain listed and traded on NYSE American under the symbol NCL.

During this plan period, the exchange will periodically review Northann’s progress and may start delisting proceedings if compliance is not restored or if progress falls short of the plan. Management is pursuing a 2026 roadmap that includes expanding into major North American retail channels, forming partnerships with manufacturers in the United States, and optimizing the capital structure.

Positive

  • None.

Negative

  • Heightened delisting risk from NYSE American: Northann remains out of compliance with continued listing standards and faces potential delisting if it does not regain compliance or show sufficient progress by June 8, 2027.

Insights

Northann gains time to fix listing issues but still faces delisting risk.

Northann Corp. remains out of full compliance with NYSE American’s continued listing standards but has secured acceptance of its remediation plan. The exchange granted a plan period through June 8, 2027, during which the stock continues to trade under the NCL symbol.

Periodic NYSE American reviews add pressure for measurable progress. The company cites a 2026 roadmap focused on expanding into major North American retail channels, building partnerships with manufacturers in the USA, and optimizing its capital structure. These steps are framed as part of restoring compliance.

If Northann fails to regain compliance by June 8, 2027, or does not advance sufficiently against the plan, NYSE American may initiate delisting proceedings. That prospect introduces meaningful listing risk, and future filings describing progress toward the plan milestones will be important for understanding how this risk evolves.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities
The company received a delisting notice or transferred its listing to a different exchange.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Understanding 8-K Material Events →
false0001923780SC 0001923780 2026-02-24 2026-02-24
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): February 24, 2026
 
NORTHANN CORP
.
(Exact name of registrant as specified in its charter)
 
Nevada
 
001-41816
 
88-1513509
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
2251 Catawba River Rd.
Fort Lawn,
SC
29714
 (Address of Principal Executive Office) (Zip Code)
  
(916) 573 3803
(Registrant’s telephone number, including area code)
 
N/A
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
  Trading Symbol(s)  
 
Name of each exchange on which
registered
Common Stock, $0.001 par value
 
NCL
 
NYSE American LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging Growth Company
x
 
If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 
¨
 
 
 
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
 
As previously disclosed in the Current Report on Form 8-K filed on December 11, 2025, Northann Corp. (the “Company”) received a written notice of non-compliance (the “Notice”) from the NYSE American LLC (the “NYSE American”) indicating that the Company was not in compliance with the NYSE American continued listing standards set forth in Sections 1003(a)(i) of the NYSE American Company Guide (the “Company Guide”). The Company was required to submit a plan by January 7, 2026, advising of actions taken or will be taken to regain compliance with the continued listings standards of the Company Guide by June 8, 2027 (the “Plan”). The Company submitted the Plan as required in the Notice.
 
On February 24, 2026, the Company received a notification (the “Acceptance Letter”) from the NYSE American that the Plan was accepted. In the Acceptance Letter, the NYSE American granted the Company until June 8, 2027 (the “Plan Period”) to regain compliance with the continued listing standards.
 
During the Plan Period, the Company
is
 subject to periodic review by the NYSE American on its progress with the goals and initiatives outlined in the Plan. The Company intends to take all reasonable measures available to regain compliance with Sections 1003(a)(i) of the Company Guide during the Plan Period. If the Company does not regain compliance with the NYSE American listing standards by June 8, 2027, or if the Company does not make sufficient progress consistent with the Plan during the Plan Period, then NYSE American may initiate delisting proceedings.
 
The Acceptance Letter has no immediate impact on the listing of the Company’s shares of common stock, par value $0.001 per share (the “Common Stock”), which will continue to be listed and traded on the NYSE American during the Plan Period, subject to the Company’s compliance with the other listing requirements of the NYSE American. The Common Stock will continue to trade under the symbol “NCL”. The Acceptance Letter does not affect the Company’s ongoing business operations or its reporting requirements with the Securities and Exchange Commission.
 
Item 8.01 Other Events.
 
On March 2, 2026, 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.
 
Item 9.01 Financial Statement and Exhibits.
 
(d) Exhibits
 
Exhibit No.
 
Description
99.1

Press Release dated March 2, 2026.
104
 
Cover Page Interactive Data File (embedded within Inline XBRL document)
 
2
 
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:
March 2
, 2026
By:
/s/ Lin Li
 
Name:
Lin Li
 
Title:
Chief Executive Officer
 
3


Exhibit 99.1

 

Northann Corp. Announces NYSE American's Acceptance of its Strategic Listing Optimization Plan

 

Fort Lawn, South Carolina, March 2, 2026 – Northann Corp. (NYSE American: NCL) (the "Company"), a technology innovator and producer of sustainable, natural material-based products for interior finishes, today announced that on February 24, 2026, it received an official notification from the NYSE American LLC (the “NYSE American”) accepting the Company’s strategic plan to regain compliance with the NYSE American’s listing standards . This acceptance letter granted the Company until June 8, 2027 (the “Plan Period”), to regain compliance with the continued listing standards.

 

During the Plan Period, the Company plans to maintain close, collaborative communication with the NYSE American, sharing periodic updates on its strategic milestones. If the Company does not regain compliance with the NYSE American listing standards by June 8, 2027, or if the Company does not make sufficient progress consistent with the Plan during the Plan Period, then NYSE American may initiate delisting proceedings. The Company's management is actively executing a comprehensive 2026 roadmap to enhance shareholder value. This includes the recently announced strategic expansion into major North American retail channels, synergistic partnerships such as the collaboration with globally renowned manufacturers in USA, and the continuous optimization of its capital structure. These initiatives reflect the Company's steadfast commitment to following the NYSE American guidelines while scaling its business.

 

The Company’s shares of common stock, par value $0.001 per share, will continue to be listed and traded on the NYSE American during the Plan Period, subject to the Company’s compliance with the other listing requirements of the NYSE American. The Acceptance Letter does not affect the Company’s ongoing business operations or its reporting requirements with the Securities and Exchange Commission (“SEC”).

 

Additional details regarding the Acceptance Letter from the NYSE American are included in, and the description above is qualified in its entirety by, the Company’s Current Report on Form 8-K filed with the SEC on March 2, 2026.

 

About Northann Corp.

 

Headquartered in Fort Lawn, South Carolina, the Company is a leader in additive manufacturing and 3D printing technologies for the building materials and home improvement industry. Through its flagship brand, Benchwick, and proprietary solutions such as Infinite Glass and the eco-friendly Blue11, the Company provides highly innovative flooring, cabinetry, and other construction products. the Company boasts a robust portfolio of over 60 granted or pending patents, underscoring its steadfast dedication to environmental responsibility and sustainable innovation.

 

Investor Relations Contact:

Northann Corp.

ir@northann.com

916-573-3803

 

Source: View Original Filing on SEC EDGAR

FAQ

What did Northann Corp. (NCL) announce about its NYSE American listing?

Northann Corp. announced that NYSE American accepted its plan to regain compliance with the exchange’s continued listing standards, granting a plan period through June 8, 2027 during which the company’s common stock will remain listed and traded under the symbol NCL.

How long does Northann Corp. have to regain NYSE American compliance?

Northann Corp. has until June 8, 2027 to regain compliance with NYSE American’s continued listing standards. During this plan period, the exchange will periodically review the company’s progress and may begin delisting proceedings if required milestones or compliance are not achieved.

Does the NYSE American acceptance letter change trading of NCL shares?

The acceptance letter does not immediately change trading of NCL shares. Northann’s common stock, par value $0.001 per share, will continue to be listed and traded on NYSE American during the plan period, subject to satisfying all other applicable listing requirements.

What happens if Northann Corp. fails to meet NYSE American standards by June 8, 2027?

If Northann Corp. does not regain compliance with NYSE American listing standards by June 8, 2027, or fails to make sufficient progress under its plan, the exchange may initiate delisting proceedings, which could ultimately result in the company’s common stock being removed from the NYSE American market.

Does NYSE American’s acceptance affect Northann Corp.’s operations or SEC reporting?

The acceptance of Northann Corp.’s compliance plan does not affect its ongoing business operations or reporting obligations. The company states that its normal operations continue, and it remains subject to all regular Securities and Exchange Commission reporting requirements during the plan period.

What strategic initiatives is Northann Corp. pursuing during the NYSE American plan period?

Northann Corp. is executing a 2026 roadmap that includes strategic expansion into major North American retail channels, partnerships with globally renowned manufacturers in the USA, and ongoing optimization of its capital structure, all intended to support compliance with NYSE American listing guidelines.

Filing Exhibits & Attachments

2 documents

Press Releases

Other Documents