Northann Corp.

General Information
Business:

We make 3D printed vinyl flooring. (Incorporated in Nevada) 

We bring additive manufacturing, commonly known as 3D printing, and the volume production of innovative building solutions, to your home or business. Our robust portfolio of manufacturing solutions relies upon the use of ink, coating, resin, sound padding, glue and other raw materials to create a wide variety of flooring, decking and other products for customers throughout North America (mainly the United States and Canada), Europe and other regions under the brand name “Benchwick.”

We believe that additive manufacturing is one of the most exciting and eco-friendly technologies in the market today. Previously, the U.S. Department of Energy estimated that, compared to traditional manufacturing, additive manufacturing might slash waste and materials cost by nearly 90% and cut manufacturing energy use by half. As of 2019, the additive manufacturing industry was valued at over $14 billion and was expected to grow to $23 billion this year.

Note: Revenue and net income are for the 12 months that ended March 31, 2023.

(Note: Northann Corp. slashed the number of shares by 60 percent – to 1.2 million shares – down from 3.0 million shares in the prospectus – and priced its IPO at $5.00 – the top of its $3.00-to-$5.00 range – to raise $6.0 million on Oct. 18, 2023. The IPO raised half of the estimated proceeds of $12.0 million under its original terms.)

(Note: Northann Corp. filed its S-1 on July 14, 2023, and disclosed terms for its micro-cap IPO: 3.0 million shares at a price range of $3.00 to $5.00 to raise $12.0 million. The company submitted confidential IPO documents to the SEC on July 29, 2022.)

Industry: 3D Printing - Vinyl Flooring
Employees: 71
Founded: 2013
Contact Information
Address c/o Northann Distribution Center Inc. 9820 Dino Drive, Suite 110 Elk Grove, CA 95624 T: (916) 573 3803
Phone Number (916) 573 3803
Web Address http://www.northann.com/
View Prospectus: Northann Corp.
Financial Information
Market Cap $84.8mil
Revenues $16.03 mil (last 12 months)
Net Income $0.17 mil (last 12 months)
IPO Profile
Symbol NCL
Exchange NYSE - American
Shares (millions): 1.2
Price range $5.00 - $5.00
Est. $ Volume $6.0 mil
Manager / Joint Managers Craft Capital/ R.F. Lafferty & Co./ Prime Number Capital
CO-Managers
Expected To Trade: 10/19/2023
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change