Northann CORP (NCL) — 13F Filings Explorer (Q2 2026)

AI summary pending

On August 21, 2026, Northann Corp. (ticker: NCL) received written notice from NYSE American, and the exchange immediately suspended trading in its common stock as part of a delisting process. The company expects its shares to start quoting over the counter under the new symbol “NCLX” perhaps as soon as August 24. Notably, the filing itself doesn't spell out exactly what triggered the delisting — it just points back to earlier disclosures — though Northann says it has the right to appeal and is still deciding whether to pursue one.

Northann Corp. (ticker NCL) filed an 8-K dated August 21, 2026 covering a change in its certifying accountant (Item 4.01), alongside a reference to an Item 4.02 disclosure. But the excerpt itself is mostly boilerplate: the company says it sent its Item 4.01 and 4.02 disclosures to its auditor, asked the auditor to send the SEC a letter stating whether it agrees with the company's statements, and received that letter the same day — filed as Exhibit 16.1. Notably, the excerpt never names which auditor is leaving or taking over, and it doesn't spell out what the Item 4.02 disclosure actually says, so the full picture isn't available from this text alone.

Northann Corp.'s top executive, Lin Li, abruptly resigned on August 13, 2026, giving up his roles as CEO, President, Secretary, and Treasurer all at once, then left the board entirely on August 18 — the filing offers no explanation for why. The board promoted COO and existing director Kurtis Winn to take on the President, Secretary, and Treasurer titles, and installed François Vachon, a 52-year-old former Desjardins Group senior advisor with two decades in financial services, as the new CEO and board member. Vachon's marching orders are telling: catch up on delinquent SEC filings, shore up NYSE American listing compliance, complete the company's U.S. manufacturing program, and lead fundraising. His pay starts at $7,000 a month for the first three months, then steps up to $10,000 a month on a one-year deal, with no bonus or equity grant for now.

This 8-K from Northann Corp. (ticker: NCL) discloses that trading in the company's common stock was halted on June 25, 2026. The company says it has been in contact with the exchange and is investigating the circumstances around its 2025 Form 10-K filing, including whether the auditor actually gave the required approval and consent. The filing also mentions a board meeting on July 1, 2026, but the excerpt cuts off before saying what the board did.