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NET Power, Inc. Class Action Overview

Important Announcement for Shareholders

On May 22, 2025, The Gross Law Firm released a vital notice urging shareholders of NET Power, Inc. (NYSE: NPWR) to be aware of a pending class action lawsuit. This pertains to investors who purchased shares between June 9, 2023, and March 7, 2025.

Details of Allegations

The lawsuit claims that during the class period, NET Power, Inc. issued several materially misleading statements that could mislead investors. Specifically, it alleges:
1. The completion of the company's first utility-scale plant, known as Project Permian, is unlikely to meet the originally promised schedule.
2. The warning that the project's costs will significantly exceed initial predictions due to supply chain disruptions and numerous local challenges.
3. Unrealistic projections were made concerning the time and capital needed to successfully complete Project Permian.
4. The significant increase in required time and financial resources is likely to adversely affect the overall business performance and financial records of the company.

The complaint holds that these errors and omissions had led to a misrepresentation of the company’s actual situation, resulting in inflated stock values.

Key Dates for Participants

Shareholders are encouraged to take immediate action. The deadline for registering as a lead plaintiff in this class action is set for June 17, 2025. Individuals interested can register easily through an online form provided by The Gross Law Firm. The participation comes with no cost or obligation, ensuring accessibility for all concerned shareholders.

Benefits of Registration

After registering, participants will receive continual updates on the progress of the case through a portfolio monitoring tool. This will provide crucial information and insights throughout the litigation process, keeping shareholders informed of any developments.

Why Choose Gross Law Firm?

The Gross Law Firm is widely recognized for its vigorous representation of investors who have incurred losses due to alleged fraud and business misconduct. Their commitment is towards ensuring that corporate practices comply with ethical standards and that investors are granted the opportunity to recover any financial discrepancies caused by misleading information.

Next Steps for Shareholders

To participate in this significant lawsuit, shareholders should go to the provided link for registration. It is crucial not to delay, as this may impede one’s ability to avail of potential claims resulting from the alleged misleading actions by NET Power, Inc.

Contact Information

For any further queries about the lawsuit or registration, shareholders can contact The Gross Law Firm based at:

• - Address: 15 West 38th Street, 12th floor, New York, NY, 10018
• - Phone: (646) 453-8903
• - Email: [email protected]

In summary, NET Power, Inc. shareholders have the opportunity to reclaim losses through the impending class action lawsuit. With a firm deadline approaching, timely action is crucial for those wishing to participate.