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netpower(NPWR) - 2025 Q1 - Quarterly Results
2025-05-12 20:17
[FORM 8-K General Information](index=1&type=section&id=FORM%208-K%20General%20Information) This section details Net Power Inc.'s filing information, registered securities, and emerging growth company status [Registrant and Filing Details](index=1&type=section&id=Registrant%20and%20Filing%20Details) Net Power Inc., a Delaware corporation, filed this Form 8-K on May 12, 2025, from its principal executive offices in Durham, North Carolina - Registrant: **Net Power Inc.**, incorporated in Delaware[2](index=2&type=chunk) - Principal executive offices: **320 Roney St., Suite 200, Durham, North Carolina 27701**[2](index=2&type=chunk) - Date of report (earliest event reported): **May 12, 2025**[2](index=2&type=chunk) [Securities Registered](index=1&type=section&id=Securities%20Registered) Net Power Inc.'s Class A Common Stock and Warrants are registered and traded on The New York Stock Exchange | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :------------------ | :---------------- | :---------------------------------------- | | Class A Common Stock, par value $0.0001 per share | NPWR | The New York Stock Exchange | | Warrants, each exercisable for one share of Class A Common Stock at a price of $11.50 | NPWR WS | The New York Stock Exchange | [Emerging Growth Company Status](index=1&type=section&id=Emerging%20Growth%20Company%20Status) Net Power Inc. is designated as an emerging growth company but has opted not to utilize the extended transition period for new financial accounting standards - **Net Power Inc. is an emerging growth company**[4](index=4&type=chunk) - The registrant has **not elected to use the extended transition period** for complying with new or revised financial accounting standards[4](index=4&type=chunk) [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) This section announces Net Power Inc.'s Q1 2025 financial results and clarifies the filing's liability status [Q1 2025 Financial Results Announcement](index=2&type=section&id=Q1%202025%20Financial%20Results%20Announcement) Net Power Inc. announced its financial results for the quarter ended March 31, 2025, via a press release issued on May 12, 2025, which is furnished as Exhibit 99.1 - Net Power Inc. issued a press release on **May 12, 2025**, setting forth its financial results for the **quarter ended March 31, 2025**[5](index=5&type=chunk) - A copy of the press release is furnished as **Exhibit 99.1** and incorporated by reference[5](index=5&type=chunk) [Filing Status and Liability Disclaimer](index=2&type=section&id=Filing%20Status%20and%20Liability%20Disclaimer) The information in Item 2.02 and Exhibit 99.1 is 'furnished' rather than 'filed' under Section 18 of the Exchange Act, limiting its liability and preventing automatic incorporation by reference into other SEC filings - The information in Item 2.02 and Exhibit 99.1 is **furnished and not deemed 'filed'** for purposes of Section 18 of the Securities Exchange Act of 1934[6](index=6&type=chunk) - This information is **not subject to the liabilities of Section 18** and will not be incorporated by reference in other SEC filings unless expressly set forth by specific reference[6](index=6&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section lists the exhibits accompanying the Form 8-K filing, including the Q1 2025 press release [List of Exhibits](index=2&type=section&id=List%20of%20Exhibits) The filing includes the press release detailing Q1 2025 financial results and the interactive data file for the cover page | Exhibit Number | Description | | :------------- | :---------- | | 99.1 | Press release dated May 12, 2025 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | [SIGNATURE](index=3&type=section&id=SIGNATURE) This section provides details of the official signatory for the Form 8-K filing [Report Signatories](index=3&type=section&id=Report%20Signatories) The report was officially signed on May 12, 2025, by Daniel J. Rice IV, Chief Executive Officer of Net Power Inc - The report was signed on behalf of **Net Power Inc.** by **Daniel J. Rice IV, Chief Executive Officer**[12](index=12&type=chunk) - The report was dated **May 12, 2025**[11](index=11&type=chunk)
Investors who lost money on NET Power, Inc.(NPWR) should contact The Gross Law Firm about pending Class Action - NPWR
GlobeNewswire News Room· 2025-05-12 17:19
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NET Power, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during the class period from June 9, 2023, to March 7, 2025 [1][3]. Summary by Relevant Sections Allegations - The complaint alleges 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 various site-specific challenges [3]. - It is claimed that the projections regarding the time and capital needed to complete Project Permian were unrealistic, which could negatively impact the company's business and financial results [3]. - The public statements made by the defendants were materially false and misleading throughout the relevant period [3]. Class Action Details - The class period for the lawsuit is defined as June 9, 2023, to March 7, 2025, with a deadline for shareholders to register for the class action set for June 17, 2025 [3][4]. - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates on the case's status [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered losses due to deceit, fraud, and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that led to artificial inflation of stock prices [5].
NET Power, Inc. Class Action: The Gross Law Firm Reminds NET Power, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 17, 2025 - NPWR
Prnewswire· 2025-05-12 09:45
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 stated [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 class period are encouraged to register for the class action by June 17, 2025, to potentially be appointed as lead plaintiffs [2]. - Upon registration, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. About the 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 that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].
Contact Levi & Korsinsky by June 17, 2025 Deadline to Join Class Action Against NET Power, Inc.(NPWR)
Prnewswire· 2025-05-06 09:45
NEW YORK, May 6, 2025 /PRNewswire/ -- 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-lawsuit-submi ...
ROSEN, LEADING TRIAL ATTORNEYS, Encourages NET Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NPWR, NPWR.WS
GlobeNewswire News Room· 2025-05-05 20:40
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 significant 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 been ranked among the top firms in this area since 2013 [5].
NET Power, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before June 17, 2025 to Discuss Your Rights – NPWR
GlobeNewswire News Room· 2025-05-05 17:54
Core Viewpoint - A class action securities lawsuit has been filed against NET Power, Inc. alleging securities fraud that affected investors between June 9, 2023, and March 7, 2025 [1][2]. Group 1: Allegations of Fraud - 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].
SHAREHOLDER ALERT: Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against NET Power Inc. (NYSE: NPWR)
GlobeNewswire News Room· 2025-05-05 16:15
NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announces that a complaint has been filed in the United States District Court for the Middle District of North Carolina on behalf of investors who purchased or acquired the securities of NET Power Inc. (“Net Power” or the “Company”) (NYSE: NPWR) between June 9, 2023 and March 7, 2025, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its s ...
Class Action Filed Against NET Power, Inc. (NPWR) - June 17, 2025 Deadline to Join - Contact The Gross Law Firm
Prnewswire· 2025-05-05 09:45
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 stated [1][2]. Group 1: Allegations - The complaint alleges 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 claimed that the company's projections regarding the time and capital needed to complete Project Permian were unrealistic, which could negatively impact its business and financial results [1]. - The allegations suggest that the public statements made by the defendants were materially false and misleading throughout the relevant period [1]. Group 2: Class Action Details - Shareholders who purchased shares of NPWR during the specified class period are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for June 17, 2025 [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case's status [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3: Law Firm Background - 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 that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].
Shareholders that lost money on NET Power, Inc. (NPWR) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
GlobeNewswire News Room· 2025-05-02 18:07
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 has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Contact The Gross Law Firm by June 17, 2025 Deadline to Join Class Action Against NET Power, Inc.(NPWR)
Prnewswire· 2025-05-01 09:45
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 will likely incur higher costs than previously stated [1][2]. Group 1: 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]. Group 2: Class Action Details - Shareholders who purchased shares of NPWR during the specified class period are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for June 17, 2025 [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3: Law Firm Background - 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 that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].