IMPORTANT UPDATE: SECURITIES CLASS ACTION AGAINST NET POWER INC. REQUIRES ACTION BY JUNE 17, 2025

Important Update for NET Power Investors

Investors in NET Power Inc. (NYSE: NPWR) are being alerted to a crucial upcoming deadline regarding a securities class action lawsuit. ClaimsFiler, a service dedicated to assisting shareholders, has reminded those impacted that they need to submit their lead plaintiff applications by June 17, 2025. This follows a dramatic decline in the company's stock, which dropped over 31% after the revelation of significant delays and increased costs associated with Project Permian.

Background of the Lawsuit

The lawsuit, which is currently underway in the United States District Court for the Middle District of North Carolina, charges NET Power and some of its executives with failing to disclose critical information during a specified period of investment. This class period extends from June 9, 2023, to March 7, 2025. Allegations state that the company did not provide shareholders with necessary updates regarding Project Permian's budget and timeline.

On March 10, 2025, pre-market, the company published its financial results for the fourth quarter and the complete fiscal year of 2024. Key takeaways from this announcement indicated that the estimated total cost for Project Permian was revised to between $1.7 billion and $2.0 billion—this was significantly higher than the previous estimate of $1.1 billion. Additionally, the launch date for the project was pushed back to no earlier than 2029, compared to earlier expectations of the second half of 2027 to early 2028. Such news led to an immediate and steep decline in the share price, falling $2.18 to close at $4.75 per share on the day of the announcement.

What Should Investors Do?

For investors who purchased stocks in NET Power during the class period and incurred losses exceeding $100,000, action is essential. ClaimsFiler has made it convenient for investors to gather all necessary information regarding their potential legal options. They can visit ClaimsFiler's website for additional details or reach out via their toll-free number: (844) 367-9658, where attorneys at Kahn Swick & Foti, LLC are prepared to assist.

Legal Recourse for Investors

The class action lawsuit represents an opportunity for those affected by the alleged misinformation from NET Power. Investors have the right to seek compensation for any financial losses caused by these disclosures. ClaimsFiler's objective is to serve as an essential resource, providing critical information that can assist retail investors in making informed decisions regarding their investments.

This situation underscores the importance of transparency between companies and their shareholders. As the case progresses, affected investors should remain vigilant and proactive about their rights. Furthermore, understanding the implications of this lawsuit can serve as a reminder of the broader responsibilities that publicly-traded companies have towards their investors.

For detailed updates on the lawsuit and related cases, investors are encouraged to stay connected through ClaimsFiler's resources, which aim to support investors in recovering what is rightfully theirs.

For more information about the ongoing class action against NET Power and other similar cases, please visit ClaimsFiler.