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Important Legal Notice for NET Power, Inc. Shareholders

Levi & Korsinsky, LLP has issued a vital notification for investors of NET Power, Inc. (NYSE: NPWR) regarding a class action lawsuit that may impact their shares significantly. This notice serves to remind shareholders that the lead plaintiff deadline is set for June 17, 2025. Those affected by alleged securities fraud between June 9, 2023, and March 7, 2025, are particularly urged to take action.

Class Action Lawsuit Details

The ongoing lawsuit aims to recover losses incurred by NET Power, Inc. shareholders, who may have invested during a tumultuous period plagued by alleged misinformation regarding the company's projects. Key allegations suggest that NET Power, Inc. misled investors about the progress and financial aspects of its flagship utility-scale project, termed Project Permian.

Allegations Against NET Power, Inc.

The central claims in the lawsuit assert that:
1. NET Power was unlikely to meet the expected completion date for Project Permian.
2. The project's costs were projected to escalate beyond what was communicated to investors, primarily due to various supply chain issues and site-specific challenges.
3. As such, original estimates concerning the time and capital necessary for completion were unrealistic.
4. The delay and increased expenditures could adversely affect the company's overall financial performance, rendering prior public statements materially false and misleading.

What Should Affected Investors Do?

For those who have experienced financial loss due to their investment in NET Power, Inc. during the specified time frame, Levi & Korsinsky encourages them to request their appointment as lead plaintiff by the June 17 deadline. It’s important to note that participating in the claim does not necessitate serving as the lead plaintiff, as all class members may be entitled to recovery without upfront costs or fees.

Why Choose Levi & Korsinsky?

With over two decades of experience in securities litigation, Levi & Korsinsky has successfully secured immense compensation for shareholders. Their expertise in high-stakes cases positions them as a trusted firm representing investor interests in complex legal claims. Over the past seven years, they have ranked consistently in the Top 50 by ISS Securities Class Action Services, highlighting their commitment to excellence in legal representation.

Contact Information

To receive further details or to discuss your rights as a shareholder, reach out to:

• - Joseph E. Levi, Esq.

Email: [email protected]
Phone: (212) 363-7500

As this lawsuit develops, it is crucial for investors of NET Power, Inc. to stay informed and protect their interests. The window for action is limited, and timely engagement may facilitate entitlements under the securities law allegations.

For potential plaintiffs, further details can be found through the provided link in the notice, guiding them on steps to potentially reclaim financial losses stemming from this situation. Taking swift action could make all the difference in ensuring that justice is served as it relates to their investments.