INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of NET Power

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against NET Power Inc. due to allegations of misleading statements regarding Project Permian, which has faced significant delays and cost overruns [3][5]. 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 [5]. - The total installed cost for Project Permian is now estimated to be between $1.7 billion and$2.0 billion, up from a previous estimate of $1.1 billion, indicating substantial cost overruns [8]. - Following the announcement of delays and increased costs, NET Power's stock price fell by 31.46$4.75 per share on March 10, 2025 [8]. Group 2: Project Delays - NET Power announced a delay in the expected schedule for Project Permian, now anticipating initial power generation between the second half of 2027 and the first half of 2028, a significant shift from the original 2026 timeline [6]. - The company further advised that Project Permian would not come online before 2029, representing another significant delay [8]. Group 3: Management Changes - On April 15, 2025, NET Power announced the departure of its President and COO, as well as its CFO, effective May 1, 2025, which contributed to a further decline in stock price by 5.75% to close at $2.13 per share on April 16, 2025 [9].