Investors Urged to Act in Class Action Against NET Power Inc. Amid Financial Disclosures

Investors Take Note: Action Required Against NET Power Inc.

On May 23, 2025, Kahn Swick & Foti, LLC (KSF), a prestigious securities litigation law firm, along with its prominent partner, former Louisiana Attorney General Charles C. Foti, Jr., announced an important reminder for investors who incurred losses exceeding $100,000 in NET Power Inc. (NYSE: NPWR). These investors are officially on notice regarding the lead plaintiff application deadline for a class action lawsuit against the company.

Important Dates and Information

Investors have until June 17, 2025, to file their applications in this significant legal event, which arises from purchases made between June 9, 2023, and March 7, 2025. If you believe you are eligible, it's crucial to understand your rights and the potential implications of this class action on your investments.

The case is currently pending in the United States District Court for the Middle District of North Carolina, highlighting its seriousness and the attention it has garnered in the legal landscape.

Background of the Lawsuit

The allegations surrounding NET Power indicate possible failures by the company and its executives to disclose vital financial information during the class period, thus breaching federal securities laws. Notably, on March 10, 2025, NET Power released its financial results for the fourth quarter and full fiscal year of 2024. Within this announcement, it was revealed that Project Permian—a key initiative—was now expected to cost between $1.7 billion and $2.0 billion, far exceeding the previous estimate of $1.1 billion. Moreover, the timeline for this project has also seen significant delays, now not anticipated to commence operations until 2029, preferred over the initial estimates of late 2027 and early 2028.

Following this disclosure, NET Power’s stock price reacted sharply, plummeting 31.46%, a decline of $2.18 per share, bringing the closing price down to $4.75. This immediate market reaction signals the potential scale of the economic impact on investors, underscoring the importance of taking proactive legal measures for those affected.

How to Participate

Investors who bought shares of NET Power during the specified class period and wish to understand their legal options are encouraged to reach out to KSF. Managing Partner Lewis Kahn and his team are available to listen to your case without obligation or costs. They can be contacted toll-free at 1-877-515-1850 or via email at [email protected]. For further information, feel free to visit their website at https://www.ksfcounsel.com/cases/nyse-npwr/.

If you desire to lead this class action and represent the interests of fellow investors, a formal petition to the court must be submitted by the deadline on June 17, 2025.

About Kahn Swick & Foti, LLC

KSF is recognized as a leading boutique law firm specializing in securities litigation across the nation. Under the guidance of Charles C. Foti, Jr., KSF has advocated tirelessly for public and private institutional investors, as well as retail investors, seeking recovery for losses related to corporate fraud or wrongdoing. The firm has achieved numerous accolades and recognition, including being listed by SCAS among the top 10 firms nationally based on total settlement value.

KSF operates from multiple locations across the United States, including New York, Delaware, California, Louisiana, Chicago, and New Jersey, with an office in Luxembourg, ensuring its accessibility for investors nationwide.

Conclusion

The developments surrounding NET Power Inc. point to a significant moment for many investors. Legal rights and recovery avenues are crucial during turbulent times such as these. Investors are urged to act promptly, ensuring their voices are heard and their interests are protected in the unfolding litigation. Reach out to KSF today to explore your options.