Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against NET Power Inc. due to allegations of false and misleading statements regarding Project Permian, which has faced significant delays and cost overruns [2][4]. Company Overview - NET Power Inc. is a publicly traded company on the NYSE under the ticker NPWR [2]. - The company has been involved in Project Permian, which is now estimated to have a total installed cost between $1.7 billion and $2.0 billion, significantly higher than the previous estimate of $1.1 billion [7]. Project Permian Updates - The project is now expected to come online no earlier than 2029, a significant delay from earlier projections of initial power generation between the second half of 2027 and the first half of 2028 [5][7]. - The delays and increased costs are attributed to supply chain issues and various site- and region-specific challenges [4][7]. Financial Impact - Following the announcement of the delays and increased costs, NET Power's stock price fell by $2.47 per share (18.54%) to close at $10.85 on November 14, 2023 [6]. - On March 10, 2025, after further disclosures, the stock price dropped by $2.18 per share (31.46%) to close at $4.75 [7]. - The company reported a decrease in cash reserves, ending 2024 with $533 million, down from $580 million [7]. Management Changes - On April 15, 2025, NET Power announced the departure of its President and COO, as well as its CFO, with a new COO appointed immediately [8]. - This news led to a further decline in the stock price by $0.13 per share (5.75%) to close at $2.13 on April 16, 2025 [8]. Legal Proceedings - Investors who suffered losses exceeding $50,000 between June 9, 2023, and March 7, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1][2]. - There is a deadline of June 17, 2025, for investors to seek the role of lead plaintiff in the federal securities class action against NET Power [2].

Core Viewpoint - A class action lawsuit has been filed against NET Power Inc. for allegedly misleading investors regarding the completion and costs of Project Permian, which may significantly impact the company's financial results [1][4]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of purchasers of NET Power securities between June 9, 2023, and March 7, 2025 [1]. - Allegations include that NET Power is unlikely to complete Project Permian on schedule and that the project will be more expensive than previously stated due to supply chain issues and site-specific challenges [4]. - The lawsuit claims that the defendants' public statements were materially false and misleading, leading to investor damages when the true details emerged [4]. Group 2: Investor Participation - Investors who purchased NET Power securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested investors can join the class action by submitting a form or contacting the law firm for more information [3][6]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 [5]. - The firm has been recognized for its success in securities class action settlements and has a history of representing investors globally [5].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against NET Power Inc. due to allegations of misleading statements regarding Project Permian's timeline and costs, which have led to significant stock price declines and investor losses [4][6]. Group 1: Allegations and Financial Impact - The complaint alleges that NET Power and its executives violated federal securities laws by making false statements and failing to disclose that Project Permian was unlikely to be completed on schedule and would be significantly more expensive than previously represented [6]. - The company now estimates Project Permian's total installed cost to be between $1.7 billion and $2.0 billion, up from a previous estimate of $1.1 billion, indicating a substantial increase in projected expenses [9]. - Following the announcement of delays and increased costs, NET Power's stock price fell by 18.54% to $10.85 per share on November 14, 2023, and by 31.46% to $4.75 per share on March 10, 2025 [8][9]. Group 2: Management Changes and Investor Actions - On April 15, 2025, NET Power announced the departure of its President and COO, as well as its CFO, which resulted in a further stock price decline of 5.75% to $2.13 per share [10]. - Investors who suffered losses during the specified period are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options for participating in a federal securities class action [4][12].

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Core Viewpoint - NET Power Inc. is facing a securities class action lawsuit for failing to disclose material information during the class period from June 9, 2023, to March 7, 2025, which has led to significant financial implications for the company and its investors [1][3]. Group 1: Lawsuit Details - Investors have until June 17, 2025, to file lead plaintiff applications in the lawsuit against NET Power [1]. - The lawsuit is pending in the United States District Court for the Middle District of North Carolina [1]. - The case is identified as Luciani v. Net Power Inc., et al., No. 25-cv-00296 [5]. Group 2: Financial Impact - On March 10, 2025, NET Power announced that the total installed cost for Project Permian is now estimated to be between $1.7 billion and $2.0 billion, a significant increase from the previous estimate of $1.1 billion [4]. - The timeline for Project Permian has been delayed, with expectations for it to come online no earlier than 2029, compared to the prior estimate of the second half of 2027 to the first half of 2028 [4]. - Following this announcement, NET Power's share price fell by $2.18, or 31.46%, closing at $4.75 per share on March 10, 2025 [5].

NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of NET Power Inc. (NYSE: NPWR, NPWR.WS) between June 9, 2023 and March 7, 2025, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 17, 2025. SO WHAT: If you purchased NET Power securities during the Clas ...

SAN DIEGO, April 23, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired NET Power Inc. (NYSE: NPWR) securities between June 9, 2023 and March 7, 2025. NET Power is a clean energy technology company. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that NET Power Inc. (NPWR) Misled In ...

Core Viewpoint - NET Power Inc. is facing a securities class action lawsuit for failing to disclose material information during the class period, which has led to significant financial implications for the company and its investors [3]. Company Information - NET Power Inc. trades on the NYSE under the ticker NPWR and is currently involved in a class action lawsuit that requires investors who purchased securities between June 9, 2023, and March 7, 2025, to file lead plaintiff applications by June 17, 2025 [1][2]. Financial Results - On March 10, 2025, NET Power announced its financial results for Q4 and the full fiscal year 2024, revealing that the estimated total installed cost for Project Permian has increased to between $1.7 billion and $2.0 billion, up from a previous estimate of $1.1 billion [4]. - The timeline for Project Permian has also been significantly delayed, with expectations for it to come online no earlier than 2029, compared to the earlier estimate of the second half of 2027 to the first half of 2028 [4]. Market Reaction - Following the announcement of the increased costs and delays, NET Power's share price dropped by $2.18, or 31.46%, closing at $4.75 per share on March 10, 2025 [5].

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, April 22, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises NET Power Inc. ("NET Power " or the "Company") (NASDAQ: APLT) investors of a class action representing investors that bought securities between June 9, 2023 and March 7, 2025, inclusive (the "Class Period"). NET Power investors have until June 17, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Port ...

Core Viewpoint - A class action lawsuit has been filed against NET Power, Inc. for allegedly making false and misleading statements regarding its business operations and the completion of its Project Permian [1][4]. Company Overview - NET Power, Inc. is a clean energy technology company focused on its "Net Power Cycle" technology, which aims to generate reliable and affordable electricity from natural gas while capturing nearly all emissions [3]. - The company operates a demonstration facility in La Porte, Texas, to validate its technology and is developing its first utility-scale plant, Project Permian, located in the Permian Basin of West Texas [3]. - The estimated cost for Project Permian has increased from approximately $950 million in 2023 to $1.1 billion in 2024, with expectations for the project to be operational by 2026 [3]. Legal Allegations - The lawsuit claims that throughout the class period, NET Power's management made materially false and misleading statements about the company's operations and prospects, particularly regarding the completion timeline and costs of Project Permian [4]. - Allegations include that the company was unlikely to complete Project Permian on schedule and that the project would incur significantly higher costs due to supply chain issues and other challenges [4]. - The complaint asserts that these misrepresentations had a substantial negative impact on the company's business and financial results [4].