NYSE American suspends trading in Northann shares, starts delisting proceedings

• NYSE American began delisting proceedings against Northann (NCL), triggering an immediate suspension in trading of its NYSE American-listed common stock.
• NYSE Regulation cited regulatory concerns, including an auditor resignation letter disputing authorization of the company’s 2025 Form 10-K audit report.
• The exchange also flagged failures to provide timely, adequate, accurate disclosure of material information.
• NYSE American plans to file with the SEC to delist the shares once required procedures finish, including any company appeal.

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