#United States #New York #Securities Fraud #Pomerantz LLP #NET Power Inc.

Investigation of NET Power Inc. by Pomerantz Law Firm

Overview

Pomerantz LLP, a prominent law firm known for its involvement in securities class actions, has announced an investigation concerning potential securities fraud involving NET Power Inc. (NYSE: NPWR). This announcement comes as a response to concerns about the company's recent financial performance and management practices that might have adversely affected investors.

Background

On March 10, 2025, NET Power released its financial results for the fourth quarter and the full year of 2024. The report revealed significant financial shifts, including a decline of $47 million in cash, cash equivalents, and investments, falling from $580 million to $533 million. The company attributed this drop to $13 million in operating cash outflows and $29 million in capital expenditures, raising red flags for concerned investors.

Following the announcement, NET Power’s stock price plummeted by $2.18 per share, a staggering 31.46% decrease, closing at $4.75. This sharp decline has led many investors to question the company's financial integrity and whether they were adequately informed about its operational challenges.

The Investigation

The investigation by Pomerantz LLP aims to determine if NET Power or specific officers and directors engaged in any unlawful business practices or misrepresentation in relation to its securities. Investors who have suffered losses as a result of these circumstances are encouraged to reach out for guidance on how to proceed. Danielle Peyton, a contact at Pomerantz, is available for inquiries at [email protected] or by phone.

Pomerantz's Profile

With a rich history spanning over 85 years, Pomerantz LLP has established itself as a leader in the realm of corporate, securities, and antitrust litigation. Founded by Abraham L. Pomerantz, known as the dean of the class action bar, the firm continues to advocate for victims of securities fraud and corporate misconduct. The law firm boasts numerous multimillion-dollar recoveries for its class members.

Implications for Investors

The investigation points to an ongoing concern for current and potential investors of NET Power. It serves as a reminder of the volatility present in the stock market and the inherent risks associated with investing in companies that may not fully disclose their financial health or operational risks. Investors are cautioned to stay informed about the developments of this investigation, as it may lead to potential legal actions.

Conclusion

As Pomerantz LLP delves deeper into the allegations concerning NET Power Inc., the results of this investigation could have major implications for shareholders. The firm’s commitment to protecting investors' rights is vital in ensuring accountability and transparency in corporate governance. Those affected by the decline in stock value should consider reaching out to legal professionals for advice on possible avenues for recourse. The outcome not only impacts NET Power's future but also emphasizes the importance of ethical conduct within the corporate sector.