Northann Corp.’s Lock-Up Period Set To Expire on April 16th (NYSE:NCL)

Northann’s (NYSE:NCL) lock-up period will expire on Tuesday, April 16th. Northann had issued 1,200,000 shares in its IPO on October 19th. The total size of the offering was $6,000,000 based on an initial share price of $5.00. After the end of Northann’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Northann Trading Down 4.5 %

NCL opened at $0.48 on Tuesday. The business has a 50 day simple moving average of $0.68. Northann has a 12-month low of $0.46 and a 12-month high of $22.40.

Northann Company Profile

Northann Corp. engages in the manufacture, wholesale, and retail of the 3D printed vinyl flooring panels and other decorative panels in North America, Europe, and internationally. The company offers its products under the Benchwick brand name. Northann Corp. was founded in 2013 and is based in Elk Grove, California.