Northann suspended from NYSE American after exchange deems stock unsuitable for continued listing

• NYSE Regulation notified Northann on Aug. 21, 2026 it is not suitable for continued listing on NYSE American.
• Delisting proceedings started under NYSE American Company Guide Sections 1001, 1002(e), 1003, 1007; the stock was suspended immediately.
• Trading has been halted since June 25, 2026; the shares are expected to be quoted on OTC Markets as “NCLX” as soon as Aug. 24, 2026.
• Company is weighing an appeal to the Listings Qualifications Panel; NYSE American plans to seek SEC delisting once procedures end.
• Move to OTC could cut liquidity, pressure the share price, weaken equity financing access, and reduce the effectiveness of equity incentives.

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: 0001575872-26-000603), on August 24, 2026, and is solely responsible for the information contained therein.