EU and US could reach trade deal this weekend - Reuters
Northann Corp. (NYSE American:NCL), currently trading at $0.18 with a market capitalization of $17.4 million, announced it has regained compliance with NYSE American LLC listing requirements after filing its previously delayed Form 10-Q for the fiscal quarter ended March 31, 2025. The company received notice from the exchange on Friday acknowledging the submission of the quarterly report and confirming that Northann is now in compliance with Section 1007 of the NYSE American Company Guide.
According to the press release statement, Northann will be removed from the list of late filers disseminated to data vendors and posted on the Listed Standards Filing Status page of the NYSE website. In addition, the “LF” indicator, which is used to identify late filers on the Profile, Data and News page for each issue, will be removed.
Northann is incorporated in Nevada and is classified under plastics products. The company’s common stock trades on the NYSE American under the symbol NCL.
The information is based on a statement from the company’s recent SEC filing.
In other recent news, Northann Corp has disclosed that its 2024 audit opinion includes a going concern qualification from its independent registered public accounting firm. This announcement was made to comply with specific NYSE American Company Guide sections, which require disclosure when such an audit opinion is received. Additionally, Northann Corp faces potential delisting from the NYSE due to late filings. The company received a notification from NYSE Regulation indicating non-compliance with listing standards, specifically for failing to file its annual report for the fiscal year ending December 31, 2024, by the required deadline. The delay in filing was attributed to the need for additional time to ensure the accuracy and completeness of financial statements. Northann Corp is actively working to finalize its financial statements and aims to file the overdue report within the six-month cure period provided by NYSE American.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.