0000000000-23-009635.txt : 20231031 0000000000-23-009635.hdr.sgml : 20231031 20230831114005 ACCESSION NUMBER: 0000000000-23-009635 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20230831 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Northann Corp. CENTRAL INDEX KEY: 0001923780 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 881513509 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 9820 DINO DRIVE STREET 2: SUITE 110 CITY: ELK GROVE STATE: CA ZIP: 95624 BUSINESS PHONE: 916-573-3803 MAIL ADDRESS: STREET 1: 9820 DINO DRIVE STREET 2: SUITE 110 CITY: ELK GROVE STATE: CA ZIP: 95624 PUBLIC REFERENCE ACCESSION NUMBER: 0001575872-22-000687 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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filename2.txt United States securities and exchange commission logo August 31, 2023 Lin Li Chief Executive Officer Northann Corp. 9820 Dino Drive, Suite 110 Elk Grove, CA 95624 Re: Northann Corp. Amendment No. 2 to Registration Statement on Form S-1 Filed August 24, 2023 File No. 333-273246 Dear Lin Li: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Registration Statement on Form S-4, Amendment No. 2 Capitalization , page 41 1. Refer to the amounts shown in the Actual column for the line items Convertible Notes, Retained Earnings and Total Stockholders' Equity and reconcile the amounts to the respective amounts presented on the June 30, 2023 unaudited balance sheet on page F-27. Please revise to correct all applicable amounts on the table, including the total capitalization amount and the pro forma as adjusted balances. Management's Discussion and Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources, page 53 2. Refer to the paragraph discussion of net cash used in operating activities for the six Lin Li Northann Corp. August 31, 2023 Page 2 months ended June 30, 2023. Please revise to clarify that you incurred net losses rather than net income for both the six months ended June 30, 2023 and 2022 in the amounts of $(511,621) and $(265,223), respectively. Also refer to the first paragraph under the heading of financing activities on page 54, and revise the first sentence to clarify that you had net cash provided by, rather than used in, financing activities for the six months ended June 30, 2022. You may contact Beverly Singleton at 202-551-3328 or Martin James at 202-551-3671 if you have questions regarding comments on the financial statements and related matters. Please contact Alex King at 202-551-8631 or Geoffrey Kruczek at 202-551-3641 with any other questions. Sincerely, FirstName LastNameLin Li Division of Corporation Finance Comapany NameNorthann Corp. Office of Manufacturing August 31, 2023 Page 2 cc: Jason Ye FirstName LastName