1. NCL is not compliant with NYSE listing standards due to low equity. 2. Company must submit a compliance plan by January 7, 2026. 3. NCL will trade with '.BC' designation indicating below compliance. 4. Receipt of notice does not impact business operations immediately. 5. NCL has over 60 patents, focusing on innovative construction products.
FAQ
Why Bearish?
The notice impacts investor perception due to compliance risks, historically causing stock downturns.
How important is it?
Compliance issues are critical for investor confidence and can lead to stock delisting.
Why Short Term?
Immediacy of compliance actions needed can drive price fluctuations soon.
Northann Corp. Faces Non-Compliance Notice from NYSE American
Fort Lawn, SC, December 11, 2025 (GLOBE NEWSWIRE) — Northann Corp. (NYSE American: NCL) has received an official notice from the staff of NYSE American LLC regarding its non-compliance with the Exchange’s continued listing standards, specifically under Section 1003(a)(i) of the NYSE American Company Guide. This section mandates that a company must maintain stockholders' equity of no less than $2 million if it has reported losses from continuing operations and/or net losses in two out of its last three fiscal years.
Compliance Plan Submission Deadlines
To regain compliance under Section 1003(a)(i), Northann Corp. must adhere to the procedures outlined in Section 1009 of the NYSE American Company Guide. The company has until January 7, 2026, to submit a detailed compliance plan—referred to as the “Plan”—to demonstrate actions aimed at meeting the listing standards by June 8, 2027.
Implications for Northann Corp.
The company plans to pay all outstanding fees owed to the Exchange and ensure timely submission of the Plan. If approved, Northann will maintain its listing during the Plan's implementation, which will include regular quarterly reviews for compliance. Importantly, the receipt of this notice will not affect the current listing or trading of the company’s common stock on the Exchange.
Stock Trading Status
Despite the compliance notice, Northann Corp.'s common stock will continue trading under the symbol NCL. However, it will carry the additional designation of .BC to signify its “below compliance” status.
About Northann Corp.
Founded in 2022 and headquartered in Fort Lawn, South Carolina, Northann Corp. is a prominent player in the additive manufacturing and 3D printing sector, particularly within the building materials industry. The company operates through its flagship brand, Benchwick, offering innovative products such as flooring and decking. Northann holds a substantial portfolio of over 60 granted or pending patents, highlighting its commitment to innovation and sustainability.
Forward-Looking Statements
This announcement may include “forward-looking statements” as defined by the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such statements may employ terms like “estimate,” “plan,” “project,” “expect,” or similar expressions that signify future trends or events. However, these forward-looking statements involve inherent risks and uncertainties, and the actual results could materially differ from projections due to various factors.
Northann Corp. may choose to update forward-looking statements at a later date but specifically disclaims any obligation to do so. As such, undue reliance should not be placed on these statements as representing the company’s expectations beyond the release date.
Contact Information
For further inquiries, please contact:
Investor Relations:
Northann Corp.
Email: ir@northann.com
Phone: 916-573-3803