Business Builder

Benchwick announces Northann Corp.'s IPO close

Monday, October 23, 2023

[Elk Grove, C.A.] Benchwick celebrates the successful closure of Northann Corp.'s Initial Public Offering (IPO). Initially comprising 1,200,000 shares of common stock priced at $5 per share, the IPO officially closed on October 23, 2023, reinforcing Northann's standing in the market. The common stock has already begun trading under the ticker symbol "NCL" on NYSE American. For a comprehensive review of the IPO, please refer to the Northann Corp. IPO Press Release and https://www.sec.gov/.

Benchwick's proprietary 3D printing ecosystem with its own full intellectual properties portfolio also showcases the company's innovative approach. The integrated system combines several cutting-edge, in-house technologies, including Blue11, a global leading sustainable and 100 percent recycle ocean plastic core, Envision, an AI-enabled image rendering tool; Infinite Glass, a UV-resistant overlay; DSE, a technology for high-resolution digital embossing; ArmorDual, an antimicrobial coating; and Mattmaster, which uses electron beam technology to achieve exceptional scratch resistance.

Following the successful closure of the IPO, Benchwick is well-positioned to accelerate its research and development activities and to reimagine the market opportunities in the industry. Given that the North American market generates over 90 percent of Benchwick's revenue, these advancements are poised to offer substantial regional benefits.

For investor and media inquiries, please contact:
Investor Relations

Northann Corp.
Email: ir@northann.com
Phone: +1 (916) 573-3803