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NET POWER ALERT: Bragar Eagel & Squire, P.C. is Investigating NET Power, Inc. on Behalf of NET Power Stockholders and Encourages Investors to Contact the Firm
NETCloudflare(NET) GlobeNewswire News Room·2025-03-25 01:00

Core Insights - NET Power, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices [1] - The company reported a decrease in cash reserves, ending 2024 with 533million,downfrom533 million, down from 580 million, due to operating cash outflows and capital expenditures [2] - Following the financial results announcement, NET Power's stock price dropped by 2.18,or31.462.18, or 31.46%, closing at 4.75 per share [3] Financial Performance - NET Power's cash, cash equivalents, and investments decreased by 47millionfromthepreviousquarter[2]Thereductionincashwasattributedto47 million from the previous quarter [2] - The reduction in cash was attributed to 13 million in operating cash outflows and $29 million in capital expenditures [2] Stockholder Impact - The investigation by Bragar Eagel & Squire, P.C. is aimed at stockholders who may have suffered losses due to the company's actions [1][4] - The significant drop in stock price may indicate investor concerns regarding the company's financial health and compliance with regulations [3]