Northann Corp. has received a non-compliance notice from NYSE American, indicating that the company does not meet the exchange's continued listing requirement of maintaining stockholders' equity of at least $2 million, as outlined in Section 1003(a)(i) of the NYSE American Company Guide. This rule applies to companies that have reported losses from continuing operations or net losses in two of their three most recent fiscal years. Northann must submit a plan to regain compliance by January 7, 2026, and if accepted, will be monitored for progress until June 8, 2027. In the meantime, the company's stock will continue to trade but will carry a ".BC" designation to indicate its below compliance status. This notice has no immediate effect on the company's stock trading, operations, or SEC reporting requirements.