Core Viewpoint - Rosen Law Firm is reminding investors who purchased NET Power Inc. securities between June 9, 2023, and March 7, 2025, of the upcoming lead plaintiff deadline on June 17, 2025, for a class action lawsuit related to misleading statements made by the company [1][2]. Group 1: Class Action Details - Investors who bought NET Power securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by June 17, 2025 [2]. - The lawsuit alleges that NET Power made false and misleading statements regarding the completion and costs of Project Permian, which is critical to the company's operations [3]. Group 2: Allegations Against NET Power - The lawsuit claims that NET Power was unlikely to complete Project Permian on schedule and that the project would be significantly more expensive than previously stated due to supply chain issues and site-specific challenges [3]. - It is asserted that the company's projections regarding the time and capital needed for Project Permian were unrealistic, which could negatively impact NET Power's business and financial results [3]. - The lawsuit contends that the misleading public statements made by NET Power resulted in investor damages when the true situation became known [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms in securities class action settlements [4]. - Founding partner Laurence Rosen has been recognized as a leading figure in the plaintiffs' bar, further establishing the firm's credibility in handling such cases [4].

Core Viewpoint - A class action securities lawsuit has been filed against NET Power, Inc. due to alleged securities fraud affecting investors between June 9, 2023, and March 7, 2025 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and site-specific challenges [2]. - Defendants' projections regarding the time and capital needed to complete Project Permian were deemed unrealistic, which could negatively impact the Company's business and financial results [2]. - Public statements made by the defendants were materially false and misleading throughout the relevant period [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 17, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - A class action lawsuit has been filed against NET Power Inc. for misleading statements regarding Project Permian, which is expected to be delayed and more costly than previously indicated [4]. Group 1: Lawsuit Details - The lawsuit claims that NET Power was unlikely to complete Project Permian on schedule due to supply chain issues and site-specific challenges [4]. - Defendants' projections regarding the time and capital needed for Project Permian were deemed unrealistic, leading to potential negative impacts on NET Power's business and financial results [4]. - The lawsuit alleges that the public statements made by the defendants were materially false and misleading throughout the class period [4]. Group 2: Class Action Participation - Investors who purchased NET Power securities between June 9, 2023, and March 7, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by submitting a form or contacting the law firm for more information [3][6]. - A lead plaintiff must be appointed by June 17, 2025, to represent other class members in the litigation [3]. 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 consistently ranked among the top firms in this area since 2013 [5].

Core Viewpoint - A class action lawsuit has been filed against NET Power Inc. and certain officers for alleged violations of federal securities laws during the Class Period from June 9, 2023, to March 7, 2025, seeking damages for misleading statements regarding the company's business and financial prospects [1][7]. 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, referred to as "Project Permian," located in the Permian Basin of West Texas [4]. Project Permian Details - Defendants had previously indicated that Project Permian would be operational by 2026, with initial cost estimates of approximately $950 million, which later increased to $1.1 billion in 2024 [5][6]. - The completion of Project Permian is critical for the company's commercial operations and financial outlook, making the accuracy of timelines and cost estimates vital for investors [6]. Allegations in the Lawsuit - The lawsuit claims that throughout the Class Period, Defendants made materially false and misleading statements about the company's operations and prospects, including the likelihood of completing Project Permian on schedule and the actual costs involved [7]. - Specific allegations include unrealistic projections regarding the timeline and capital needed for Project Permian, which were impacted by supply chain issues and site-specific challenges [7]. Stock Price Reactions - Following a press release on November 14, 2023, announcing delays in Project Permian's timeline to between the second half of 2027 and the first half of 2028, NET Power's stock fell by $2.47 per share, or 18.54%, closing at $10.85 [8][9]. - On March 10, 2025, the company disclosed that Project Permian's total installed cost is now estimated to be between $1.7 billion and $2.0 billion, leading to a further stock price drop of $2.18 per share, or 31.46%, closing at $4.75 [9][10]. - Following the announcement of executive departures on April 15, 2025, the stock fell by $0.13 per share, or 5.75%, closing at $2.13 [11].

Core Viewpoint - A class action lawsuit has been filed against NET Power Inc. and certain officers for alleged violations of federal securities laws during the Class Period from June 9, 2023, to March 7, 2025, seeking damages for misleading statements regarding the company's business and financial prospects [1][7]. 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 [4]. - The company operates a Demonstration Plant in La Porte, Texas, to validate its technology and is developing its first utility-scale plant, referred to as "Project Permian," located in the Permian Basin of West Texas [4]. Project Permian Details - Initially, NET Power projected that Project Permian would be operational in 2026, with a cost estimate of approximately $950 million in 2023, which later increased to $1.1 billion in 2024 [5][6]. - The completion of Project Permian is critical for the company's commercial operations and financial outlook, making the accuracy of timelines and cost estimates vital for investors [6]. Allegations in the Lawsuit - The lawsuit claims that throughout the Class Period, NET Power's executives made materially false and misleading statements about the company's operations and prospects, including the likelihood of completing Project Permian on schedule and the accuracy of cost estimates [7]. - Specific allegations include that the project was unlikely to be completed on time and would incur significantly higher costs due to supply chain issues and other challenges [7]. Impact of Recent Announcements - On November 14, 2023, NET Power announced a delay in the initial power generation timeline for Project Permian to between the second half of 2027 and the first half of 2028, causing an 18.54% drop in stock price [8][9]. - On March 10, 2025, the company revised the total installed cost of Project Permian to between $1.7 billion and $2.0 billion, leading to a further 31.46% decline in stock price [10]. - Following the announcement of executive departures on April 15, 2025, the stock price fell by 5.75% [11].

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 [2][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 [4]. - NET Power's stock price fell by $2.47 per share, or 18.54%, to close at $10.85 per share on November 14, 2023, following the announcement of a 12-month delay in Project Permian's schedule [5][6]. - 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, significantly higher than the previous estimate of $1.1 billion, leading to a further stock price decline of $2.18 per share, or 31.46%, closing at $4.75 per share [7]. Group 2: Management Changes and Investor Actions - On April 15, 2025, NET Power announced the departure of its President and COO, as well as the CFO, which resulted in a stock price drop of $0.13 per share, or 5.75%, closing at $2.13 per share [8]. - Investors who suffered losses in NET Power are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options, with a deadline of June 17, 2025, to seek the role of lead plaintiff in the federal securities class action [2][10].

Core Viewpoint - NET Power, Inc. is facing a class action securities lawsuit due to alleged securities fraud that affected investors between June 9, 2023, and March 7, 2025 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and site-specific challenges [2]. - Defendants' projections regarding the time and capital needed to complete Project Permian were deemed unrealistic, which could negatively impact the Company's business and financial results [2]. - Public statements made by the defendants were materially false and misleading throughout the relevant period [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 17, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NET Power, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its Project Permian, which is unlikely to be completed on schedule and may incur higher costs than previously represented [1][2]. Allegations - The complaint claims that during the class period from June 9, 2023, to March 7, 2025, NET Power failed to disclose significant challenges related to the completion of its first utility-scale plant, Project Permian, including supply chain issues and site-specific challenges [1]. - It is alleged that the company's projections regarding the time and capital required for Project Permian were unrealistic, which could negatively impact its business and financial results [1]. - The public statements made by the defendants were deemed materially false and misleading throughout the relevant period [1]. Next Steps for Shareholders - Shareholders who purchased NPWR shares during the specified timeframe are encouraged to register for the class action by June 17, 2025, to potentially be appointed as lead plaintiffs [2]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].

NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in NET Power, Inc. ("NET Power, Inc." or the "Company") (NYSE: NPWR) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of NET Power, Inc. investors who were adversely affected by alleged securities fraud between June 9, 2023 and March 7, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/net-power-inc-lawsui ...

Financial Data and Key Metrics Changes - The company exited the first quarter with approximately $500 million in cash and cash equivalents, earning roughly 5% interest per year [6] - For the full year, the company is budgeting to spend approximately $190 million net of interest income, which includes $45 million for G&A, $50 million for Laporte and R&D activities, and $100 million for SN1 and Baker turbine development [6] Business Line Data and Key Metrics Changes - The focus areas for 2025 include improving project economics for the first utility scale plant by reducing total installed costs and determining a viable commercial pathway to a competitive levelized cost of energy (LCOE) [5][6] - The company is working on quantifying cost savings with greater accuracy and expects meaningful cost reductions with multi-unit deployments, particularly in locations with coastal access [5] Market Data and Key Metrics Changes - The current trading price of the company is near its cash value, indicating that the market assigns little value to its technology compared to other clean power technology companies [7] - The company highlights a significant cost gap between most clean power solutions and natural gas, with recent examples such as Canada announcing new nuclear projects costing significantly more than gas-based power [9] Company Strategy and Development Direction - The company aims to unlock the potential of its unique technology while focusing on cost optimization and commercial success [5][10] - Investment decisions are made with a focus on delivering clean, reliable power from natural gas-based solutions, especially in regions with access to low-cost natural gas [10] Management's Comments on Operating Environment and Future Outlook - Management expresses confidence in the progress being made and the importance of the next few months in driving costs down for projects, thereby improving economics and project fundability [16] - The company believes that the investment in the development of clean gas technology creates the best risk-adjusted return profile for shareholders [17] Other Important Information - The company has no debt and is in a strong financial position to achieve its goals [6] - The new Chief Operating Officer, Mark Horstman, emphasizes the importance of operational excellence and accelerating the path to cost-competitive clean energy [11][12] Q&A Session Summary - No specific questions or answers were provided in the content, thus this section is not applicable.