Kahn Swick & Foti, LLC (KSF) is reminding investors who purchased NET Power Inc. (NYSE: NPWR) securities between June 9, 2023, and March 7, 2025, that they have until June 17, 2025, to file lead plaintiff applications in a securities class action lawsuit. The lawsuit is pending in the United States District Court for the Middle District of North Carolina.

Investors who purchased NET Power securities and wish to discuss their legal rights and potential recovery for economic loss can contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email at [email protected]. Additional information is available at https://www.ksfcounsel.com/cases/nyse-npwr/.

The lawsuit alleges that NET Power and certain executives failed to disclose material information during the specified Class Period, violating federal securities laws. Specifically, on March 10, 2025, NET Power announced its financial results for the fourth quarter and full fiscal year 2024, revealing that Project Permian's total installed cost was estimated to be between $1.7 billion and $2.0 billion, significantly higher than the previous estimate of $1.1 billion. The company also disclosed a significant delay in the project, with an expected online date no earlier than 2029, compared to the prior timeline of between the second half of 2027 and first half of 2028.

Following this announcement, the price of NET Power's shares fell by $2.18 per share, or 31.46%, to close at $4.75 per share on March 10, 2025. The case is titled Luciani v. Net Power Inc., et al., No. 25-cv-00296.

KSF, which includes former Louisiana Attorney General Charles C. Foti, Jr., is a securities litigation law firm that represents public and private institutional investors, as well as retail investors, in seeking recoveries for investment losses resulting from corporate fraud or malfeasance. The firm has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg. More information about KSF is available at www.ksfcounsel.com.