NET POWER SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against

Kahn Swick & Foti, LLC has announced a securities class action lawsuit against NET Power Inc. (NPWR) on behalf of investors who purchased securities between June 9, 2023, and March 7, 2025, alleging violations of federal securities laws due to material information failures. The lawsuit was triggered by NET Power's March 10, 2025, announcement that Project Permian's total installed cost is now estimated between $1.7 billion and $2.0 billion, significantly higher than the previous $1.1 billion estimate, and that the project's online date would be delayed until 2029, causing the stock to fall 31.46% to $4.75 per share. Investors have until June 17, 2025, to file lead plaintiff applications.

Analysis

NET Power Inc. (NYSE: NPWR) is currently facing a securities class action lawsuit, with a lead plaintiff application deadline of June 17, 2025, for investors who purchased securities between June 9, 2023, and March 7, 2025. The lawsuit alleges that NET Power and certain executives violated federal securities laws by failing to disclose material information. This legal action was precipitated by the company's March 10, 2025, announcement concerning its financial results for Q4 and full fiscal year 2024. Crucially, NET Power disclosed a substantial escalation in the estimated total installed cost for Project Permian, now projected to be between $1.7 billion and $2.0 billion, a significant increase from the prior estimate of $1.1 billion. Furthermore, the company announced a considerable delay in Project Permian's operational timeline, with the project now expected to come online no earlier than 2029, compared to the previous target of between the second half of 2027 and the first half of 2028. The market reacted severely to this news, with NET Power's share price plummeting by $2.18, or 31.46%, to close at $4.75 per share on March 10, 2025. This development has significantly impacted investor sentiment, as reflected by a per-ticker sentiment score of -0.9 for NPWR, and underscores concerns regarding the company's project execution capabilities and financial forecasting accuracy.

Key Decisions for Investors

• Investors who acquired NET Power securities between June 9, 2023, and March 7, 2025, should evaluate their eligibility and consider their legal options in the pending securities class action lawsuit, noting the June 17, 2025, deadline for lead plaintiff applications.
• Current and prospective investors must critically reassess NET Power's investment thesis, factoring in the substantially increased costs and extended timeline for Project Permian, which materially alter the company's risk profile and future cash flow projections.
• Monitor closely any further disclosures from NET Power regarding Project Permian's development, cost control measures, and the progress of the ongoing litigation, as these factors will be pivotal in determining the stock's future performance and the company's ability to deliver on its strategic objectives.