5/5Northann Corp. (NCL): Non-reliance / restatement

Market data

Price before filing: $0.159 (2026-08-07 close, split/dividend-adjusted)
Market cap at flag: $2.3M (2026-08-10) · Latest: $57,219 (2026-08-27)

What happened next

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"We have not received this letter at the time of filing of this Report; we have requested that the Auditor provide us with this letter as promptly as possible and will endeavor to file the letter as an exhibit to an amendment to this Report within ten business days, as required by Regulation S-K. 2 Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Why this score: also within 90 days: Auditor change, Late quarterly report (NT 10-Q)