Securities Class Action Filed for NET Power, Inc. Shareholders: What You Need to Know

Class Action Lawsuit Filed for NET Power, Inc. Shareholders

On June 12, 2025, The Gross Law Firm announced the filing of a securities class action on behalf of shareholders of NET Power, Inc. (NYSE: NPWR). This action invites shareholders who acquired shares during the specified class period to engage with the firm concerning potential lead plaintiff appointments. Notably, being appointed as a lead plaintiff is not a prerequisite for participating in any recoveries stemming from the case.

Class Period and Allegations

The class period for this lawsuit spans from June 9, 2023, to March 7, 2025. The allegations underscore that during this timeframe, the defendants purportedly delivered materially false and misleading statements or failed to reveal crucial information, which could have influenced investor decisions.

More specifically, the complaint suggests that:

1. NET Power was unlikely to finish its first utility-scale project, Project Permian, within the expected timeline, and it would be significantly more costly than initially communicated due to various challenges primarily related to supply chain issues and specific site concerns.
2. The estimates related to the timeframe and the capital required to complete Project Permian were unrealistic from the outset.
3. The delays and additional costs anticipated for Project Permian could adversely affect the company's business and financial outcomes.
4. As a result, the public statements made by defendants about the company’s status were materially misleading at all relevant times.

These allegations paint a concerning picture for investors, emphasizing the necessity for shareholders to stay informed and proactive about their rights.

Important Deadlines

Shareholders interested in learning more about the case should be aware of critical deadlines. Participants need to register by June 17, 2025, to be eligible for recovery, which is essential due to the limited period for class action registrations. The Gross Law Firm encourages affected investors to visit their class action form link promptly.

Next Steps for Investors

Once shareholders register as part of this litigation, they will have access to a dedicated portfolio monitoring software. This platform will provide essential updates and insights regarding the status of the lawsuit throughout its progression. Moreover, this registration comes at no cost or obligation to the participants.

Why Choose Gross Law Firm?

The Gross Law Firm prides itself on being recognized nationally for handling class action lawsuits, underscoring its commitment to safeguarding the rights of investors who have fallen victim to misleading and deceptive corporate actions. The firm aims to hold companies accountable for engaging in illegal practices that lead to financial losses for investors through inflated stock prices caused by misleading communications.

Contact Information

For further inquiries, investors can reach The Gross Law Firm at:

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

In summary, if you purchased shares of NET Power, Inc. during the class period and believe you may have suffered losses due to the alleged misconduct, it is vital to seek legal advice and consider registering for this class action. Your participation could be crucial for not only your recovery but also for the enforcement of ethical corporate behavior in the future.