Northann Corp. Announces Compliance with NYSE Guidelines on Audit Opinion Disclosure
Northann Corp. (NYSE:NCL) has disclosed that its 2024 fiscal year audit opinion includes a going concern qualification from its independent registered public accounting firm. The company made this announcement on July 2, 2025, to comply with NYSE American Company Guide Sections 401(h) and 610(b), which mandate separate disclosure of such audit opinions.
The company emphasized that this announcement does not represent any changes or amendments to their 2024 audited financial statements or annual report on Form 10-K, which was filed on July 1, 2025, and amended on July 2, 2025.
Northann Corp. (NYSE:NCL) ha comunicato che la sua opinione di revisione per l'esercizio fiscale 2024 include una qualificazione di continuit脿 aziendale da parte della sua societ脿 di revisione contabile indipendente registrata. L'azienda ha fatto questo annuncio il 2 luglio 2025, in conformit脿 con le Sezioni 401(h) e 610(b) della Guida per le societ脿 NYSE American, che richiedono la divulgazione separata di tali opinioni di revisione.
L'azienda ha sottolineato che questo annuncio non comporta alcuna modifica o integrazione ai loro bilanci revisionati del 2024 o al rapporto annuale sul Modulo 10-K, depositato il 1掳 luglio 2025 e modificato il 2 luglio 2025.
Northann Corp. (NYSE:NCL) ha revelado que su opini贸n de auditor铆a para el a帽o fiscal 2024 incluye una salvedad de empresa en marcha por parte de su firma independiente de contadores p煤blicos registrados. La compa帽铆a hizo este anuncio el 2 de julio de 2025, para cumplir con las Secciones 401(h) y 610(b) de la Gu铆a para Empresas de NYSE American, que exigen la divulgaci贸n separada de tales opiniones de auditor铆a.
La empresa enfatiz贸 que este anuncio no representa ning煤n cambio o enmienda a sus estados financieros auditados de 2024 ni al informe anual en el Formulario 10-K, presentado el 1 de julio de 2025 y enmendado el 2 de julio de 2025.
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Northann Corp. (NYSE:NCL) a r茅v茅l茅 que son opinion d'audit pour l'exercice 2024 comprend une qualification de continuit茅 d'exploitation de la part de son cabinet d'expertise comptable ind茅pendant enregistr茅. La soci茅t茅 a fait cette annonce le 2 juillet 2025, afin de se conformer aux sections 401(h) et 610(b) du guide des soci茅t茅s NYSE American, qui exigent une divulgation distincte de ce type d'opinions d'audit.
La soci茅t茅 a soulign茅 que cette annonce ne repr茅sente aucune modification ou amendement de ses 茅tats financiers audit茅s de 2024 ni du rapport annuel sur le formulaire 10-K, d茅pos茅 le 1er juillet 2025 et modifi茅 le 2 juillet 2025.
Northann Corp. (NYSE:NCL) hat bekanntgegeben, dass ihr Pr眉fungsurteil f眉r das Gesch盲ftsjahr 2024 eine Fortf眉hrungszweifel-Qualifikation durch ihre unabh盲ngige registrierte Wirtschaftspr眉fungsgesellschaft enth盲lt. Das Unternehmen gab diese Bekanntmachung am 2. Juli 2025 heraus, um den Abschnitten 401(h) und 610(b) des NYSE American Company Guide zu entsprechen, die eine gesonderte Offenlegung solcher Pr眉fungsurteile vorschreiben.
Das Unternehmen betonte, dass diese Bekanntmachung keine 脛nderungen oder Erg盲nzungen ihrer gepr眉ften Jahresabschl眉sse 2024 oder des Jahresberichts auf Formular 10-K darstellt, der am 1. Juli 2025 eingereicht und am 2. Juli 2025 ge盲ndert wurde.
- None.
- Receipt of a going concern qualification in audit opinion indicates substantial doubt about the company's ability to continue operations
- Potential risk to NYSE American listing status due to financial concerns
Fort Lawn, SC, July 02, 2025 (GLOBE NEWSWIRE) -- Northann Corp. (NYSE: NCL) (鈥淣orthann鈥� or the 鈥淐ompany鈥�) announced that, as disclosed in its annual report on Form 10-K for the fiscal year ended December 31, 2024, which was filed with the Securities and Exchange Commission on July 1, 2025 and amended on July 2, 2025, the audit opinion for such fiscal year contained a going concern qualification from the Company's independent registered public accounting firm. This announcement is being made solely to comply with the NYSE American Company Guide Sections 401(h) and 610(b), which require separate disclosure of receipt of an audit opinion that contains a going concern qualification. This announcement does not represent any change or amendment to the Company's 2024 audited financial statements or to its 2024 annual report on Form 10-K.
About Northann Corp.
Founded in 2022 and headquartered in Fort Lawn, South Carolina, Northann Corp. is a leader in additive manufacturing and 3D printing technologies for the building materials industry. Through its flagship brand, Benchwick, the Company provides innovative flooring, decking, and other construction products. Northann boasts a robust portfolio of over 60 granted or pending patents, underscoring its dedication to innovation and sustainability.
Forward Looking Statements
This release may contain 鈥渇orward-looking statements鈥� within the meaning of the 鈥渟afe harbor鈥� provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as 鈥渆stimate,鈥� 鈥減lan,鈥� 鈥減roject,鈥� 鈥渇orecast,鈥� 鈥渋ntend,鈥� 鈥渨ill,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渟eek,鈥� 鈥渢arget鈥� or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. These forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially due to several factors. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, Northann鈥檚 results may differ materially from its expectations and projections. While Northann may elect to update these forward-looking statements at some point in the future Northann specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Northann鈥檚 assessments of any date after the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
For further information, please contact:
Investor Relations
Northann Corp.
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916-573-3803
FAQ
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