Northann Corp. Completes X29 Private Placement, Issues 80 Million Shares at $0.14284 Each

Reuters

2025/09/10

<a href="https://laohu8.com/S/NCL">Northann Corp.</a> Completes X29 Private Placement, Issues 80 Million Shares at $0.14284 Each

Northann Corp. completed a private placement transaction involving the sale of 80,000,000 shares of common stock to X29 LLC as the lead investor and four other passive investors. Each X29 Purchaser acquired 16,000,000 shares at a closing price of $0.14284 per share. The transaction closed on September 3, 2025, with Northann Corp. receiving $2,285,440 from each purchaser, and the company plans to use the proceeds as working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northann Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001575872-25-000564), on September 09, 2025, and is solely responsible for the information contained therein.

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Completes X29 Private Placement, Issues 80 Million Shares at $0.14284 Each","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/NCL\">Northann Corp.</a> Completes X29 Private Placement, Issues 80 Million Shares at $0.14284 Each\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Northann Corp. completed a private placement transaction involving the sale of 80,000,000 shares of common stock to X29 LLC as the lead investor and four other passive investors. Each X29 Purchaser acquired 16,000,000 shares at a closing price of $0.14284 per share. 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Completes X29 Private Placement, Issues 80 Million Shares at $0.14284 Each\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-09-10 05:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/NCL\">Northann Corp.</a> Completes X29 Private Placement, Issues 80 Million Shares at $0.14284 Each\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Northann Corp. completed a private placement transaction involving the sale of 80,000,000 shares of common stock to X29 LLC as the lead investor and four other passive investors. 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ID: 0001575872-25-000564), on September 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4086","symbol_name":"建築產品","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250909:nNDL8QQLxS:1","article_id":"2566955645","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566955645","pubTimestamp":1757451678,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Northann Corp. completed a private placement transaction involving the sale of 80,000,000 shares of common stock to X29 LLC as the lead investor and four other passive investors. 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