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 has announced a securities class action lawsuit against NET Power Inc. (NYSE: NPWR) on behalf of investors who purchased securities between June 9, 2023, and March 7, 2025. The lawsuit alleges that Net Power failed to disclose material information regarding the increased cost and delayed timeline of its Project Permian, which led to a 31.46% stock price drop on March 10, 2025, after the announcement of the revised estimates; investors have until June 17, 2025, to file lead plaintiff applications.

Analysis

NET Power Inc. (NYSE: NPWR) is confronting a securities class action lawsuit initiated by Kahn Swick & Foti, stemming from allegations that the company and its executives failed to disclose material adverse information regarding its pivotal Project Permian between June 9, 2023, and March 7, 2025. The lawsuit follows NET Power's March 10, 2025, pre-market announcement, which revealed a substantial escalation in Project Permian's estimated total installed cost to between $1.7 billion and $2.0 billion, a significant increase from the prior $1.1 billion estimate. Furthermore, the company disclosed a considerable delay in the project's operational timeline, now anticipated to come online no earlier than 2029, compared to the previous target of the second half of 2027 to the first half of 2028. This adverse news precipitated a sharp 31.46% decline in NET Power's share price on March 10, 2025, which closed at $4.75 per share. The situation, underscored by a specific negative sentiment score of -0.7 for NPWR and a general "Warning" tone from market signals, highlights significant operational execution challenges and financial headwinds, casting serious doubt on the company's project management capabilities and impacting its fundamental outlook and future earnings potential. Investors who acquired NPWR securities during the specified class period have until June 17, 2025, to file lead plaintiff applications.

Key Decisions for Investors

• Investors holding NET Power shares should closely monitor developments in the securities class action lawsuit and assess its potential financial and reputational impact on the company.
• The significant cost overruns and material delays for Project Permian necessitate a thorough re-evaluation of NET Power's long-term strategic plan, capital expenditure forecasts, and overall valuation.
• Given the substantial stock price depreciation, ongoing legal uncertainties, and fundamental project setbacks, prospective investors should exercise extreme caution and await greater clarity on project execution and litigation outcomes before considering an investment in NPWR.
• Shareholders who purchased NET Power securities between June 9, 2023, and March 7, 2025, should be aware of the June 17, 2025 deadline to file for lead plaintiff status in the pending class action lawsuit and may wish to consult legal counsel regarding their options.