Northann Corp received written notification from NYSE Regulation on August 21, 2026, that its common stock is not suitable for continued listing under Sections 1001, 1002(e), 1003, and 1007 of the NYSE American Company Guide. Consequently, the Exchange suspended trading effective immediately and commenced delisting proceedings. The company expects to begin quotation on OTC Markets under the symbol “NCLX” as soon as August 24, 2026. This transition to a less liquid market could depress the stock price and impair the ability to raise equity financing or provide employee incentives. Northann Corp is evaluating whether to appeal the determination to the Listings Qualifications Panel.
