Trending...
- Trump Administration Accused of Burying Filmed Musical on Streaming Platforms
- ScreenPoints Puts Film Investors in the Credits—and in the Money With New FinTech Platform
- LAFCO Expands Partnership with Listrak to Power Personalized Cross-Channel Customer Communications
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Nano To Contact Him Directly To Discuss Their Options
If you suffered losses exceeding $50,000 in Nano between May 8, 2024, and July 18, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
NEW YORK, Sept. 29, 2024 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against NANO Nuclear Energy Inc. ("Nano" or the "Company") (NASDAQ: NNE) and reminds investors of the October 8, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
More on Nyenta.com
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Nano Nuclear Energy, Inc.'s purported progress toward regulatory approval for the design of its planned micro reactors and fuel fabrication plant was nonexistent; (2) Nano Nuclear Energy, Inc.'s timelines for commercialization were wildly optimistic, at best, and most likely impossible; (3) the foregoing issues were likely to have a material negative impact on the Company's projected revenues and growth; (4) as a result, the Company's financial position and/or prospects were overstated; and (5) as a result, Defendants' public statements were materially false and misleading at all relevant times. When the truth emerged, Nano Nuclear Energy, Inc. shares fell significantly, damaging investors according to the allegations of the suit.
On July 19, 2024, Hunterbrook Media published a report alleging, among other things, that Nano "has no revenue, products, or patents for its core technology." The report further specified that, as of July 2024, "the U.S. Nuclear Regulatory Commission [("NRC")] does not list [Nano] among the companies that have begun pre-application activities for the kind of reactor [Nano] is pitching," and that an NRC spokesperson stated that the Advanced Reactor department is "not aware of this company" and "have not had any pre-application dealings with them."
On this news, Nano's stock price fell $3.33, or 17.3%, to close at $15.97 per share on July 22, 2024, thereby injuring investors.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
More on Nyenta.com
Faruqi & Faruqi, LLP also encourages anyone with information regarding NANO Nuclear Energy's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the NANO Nuclear Energy class action, go to www.faruqilaw.com/NNE or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
SOURCE Faruqi & Faruqi, LLP
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
440k+
Newsrooms &
Influencers
9k+
Digital Media
Outlets
270k+
Journalists
Opted In
GET STARTED
If you suffered losses exceeding $50,000 in Nano between May 8, 2024, and July 18, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
NEW YORK, Sept. 29, 2024 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against NANO Nuclear Energy Inc. ("Nano" or the "Company") (NASDAQ: NNE) and reminds investors of the October 8, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
More on Nyenta.com
- TI CEO Haviv Ilan to speak at Bernstein investor conference
- Hypercard Announces Partnership with Priority Pass to Enhance Corporate Travel Experience
- Broadway Bubble Laundromat Debuts New Washers at 3rd Birthday Party
- WWSG Announces Exclusive Speaking Partnership with Patrick McGee, Author of 'Apple in China'
- Multi-Billion Dollar Drone Cleaning Market Addressed via New UAE Office, AI Drone and Quantum Computing Solutions in Varied Industries ZenaTech, Inc
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Nano Nuclear Energy, Inc.'s purported progress toward regulatory approval for the design of its planned micro reactors and fuel fabrication plant was nonexistent; (2) Nano Nuclear Energy, Inc.'s timelines for commercialization were wildly optimistic, at best, and most likely impossible; (3) the foregoing issues were likely to have a material negative impact on the Company's projected revenues and growth; (4) as a result, the Company's financial position and/or prospects were overstated; and (5) as a result, Defendants' public statements were materially false and misleading at all relevant times. When the truth emerged, Nano Nuclear Energy, Inc. shares fell significantly, damaging investors according to the allegations of the suit.
On July 19, 2024, Hunterbrook Media published a report alleging, among other things, that Nano "has no revenue, products, or patents for its core technology." The report further specified that, as of July 2024, "the U.S. Nuclear Regulatory Commission [("NRC")] does not list [Nano] among the companies that have begun pre-application activities for the kind of reactor [Nano] is pitching," and that an NRC spokesperson stated that the Advanced Reactor department is "not aware of this company" and "have not had any pre-application dealings with them."
On this news, Nano's stock price fell $3.33, or 17.3%, to close at $15.97 per share on July 22, 2024, thereby injuring investors.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
More on Nyenta.com
- Protalix BioTherapeutics to Present at the 3rd Annual H.C. Wainwright BioConnect Investor Conference at Nasdaq NYC
- Spac Recovery Co. Files $590 Million Lawsuit Against Blackstone Products, Nomura , Franklin Square, Oaktree et al
- SunKnowledge Inc. Establishes the Gold Standard in Prior Authorization and RCM Solutions
- NBA Champion Lamar Odom Launches Anti-Addiction Meme Coin, Sparking Disruptive Innovation in Web3
- Alora Pharmaceuticals Chief Commercial Officer, Shannon Faught Announced as a MM + M 2025 Woman of Distinction Honoree
Faruqi & Faruqi, LLP also encourages anyone with information regarding NANO Nuclear Energy's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the NANO Nuclear Energy class action, go to www.faruqilaw.com/NNE or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
SOURCE Faruqi & Faruqi, LLP
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
440k+
Newsrooms &
Influencers
9k+
Digital Media
Outlets
270k+
Journalists
Opted In
GET STARTED
Filed Under: Business
0 Comments
Latest on Nyenta.com
- PatientRightsAdvocate.org Launches New York City Hospital Price Finder
- Mother's Day Wake-Up Call for Maternal Health: New Initiative Demands Better Postpartum Support
- All-City Soccer New York City Revolutionizes Youth Soccer Training with a Curriculum-Based Approach
- Renowned Glass Artist Abby Modell Unveils New Collection at Lorin Marsh during NYCxDESIGN Week
- Southbox Entertainment, FinTech Pioneer & Entrepreneur Jon Gosier Join Psychological Thriller The Dutchman as Financing Partner
- Ameren Announces Public Offering of Common Stock with a Forward Component
- SlotCycle Joins Association of Gaming Equipment Manufacturers (AGEM) to Advance Sustainable Gaming Solutions
- Rochester: Mayor Evans launches mobile workforce development shuttle
- Milbank Grows Corporate Finance and Securities and Latin America Practices with Addition of Adam Brenneman
- RWA Infra Development L.L.C. announces the $RWAID token. "$RWAID tokenizing infrastructure for the masses."
- Foxit's Sara Schmidt Spotlighted on the 2025 Women of the Channel List
- Mental Health Awareness Month—Tennessee Enacts Psychotropic Testing Law
- Be Prepared for the Qualitative and Quantitative Effects of Tariffs: How Businesses Can Navigate Potential Disruption in Finances and Production
- Bold Beauty Project UCLA Edition Photography Exhibition on May 18
- Genuine Hospitality, LLC Selected to Operate Claridge House Chicago Gold Coast
- Lamar Odom Issues Public Challenge to X Platform Over Censorship of His Anti-Addiction Crypto Campaign
- $101M XPRIZE HEALTHSPAN AWARDS FIRST MILESTONE WINNERS DRIVING TOWARD REVOLUTIONARY HEALTHY AGING ADVANCES
- RHEINMETALL AG TO SHOWCASE "INFANTRY SOLDIER OF THE FUTURE - ENHANCED SYSTEM" WITH GETAC TABLET USA - English Česko - čeština
- PBK Miner completes $80 million Series B financing to support AI cloud mining and increase user investment return by 25%
- The Academy of St. Joseph Celebrates a Successful Spring Gala at Vinile Chophouse