Nyenta.com

Menu
  • Home
  • Business
  • Financial
  • Education
  • Technology
  • Music
  • Books
  • Entertainment
  • Health
Menu

SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of NANO Nuclear Energy
Nyenta.com/10289391

Trending...
  • Pyro Marketing Opens New Digital Marketing Company to Power Growth for Fitness and Ecommerce Brands
  • Beijing Review: ChASC5 Bridging Hearts Across The Pacific
  • BMCC Tribeca PAC Presents New Season of Music, Theater & Family Fun
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. 5, 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.

More on Nyenta.com
  • $HAREHOLDER ALERT: The M&A Class Action Firm Launches Legal Inquiry for the Merger: FL, STRM, TXNM, and CTLP
  • Pyro Marketing Launches New Website to Accelerate Growth for Fitness Brands
  • Happi Coffee Launches with a Mission to Bring Freshness, Simplicity, and Intention to Your Daily Cup
  • SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Krispy Kreme
  • Local firm Launches QuickBooks Support to Help Small Businesses Streamline Finances and Boost Growth

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.

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."

More on Nyenta.com
  • KCON LA 2025, 106.3 RAIN FM 'Take Over' Special Event
  • Natcast Celebrates Grand Opening of NSTC EUV Accelerator at NY CREATES' Albany NanoTech Complex, One of Three NSTC Flagship Semiconductor R&D Facilities Across the Country
  • Don't Let a Lawsuit Take Away Everything: Attorney Blake Harris Joins Tom Hegna on "Financial Freedom with Tom Hegna"
  • New Book Executive One Chronicles the Visionary Leadership of Ernest E. Middleton, PhD
  • What do a Police Officer, a Retiree, and an 8-Year-Old Girl have in Common?

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.

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
Filed Under: Business

Show All News | Report Violation

0 Comments
1000 characters max.

Latest on Nyenta.com
  • The Blue Luna Encourages Local Schools to Take Steps to Enhance Safety for Students and Staff
  • Momentum Commerce Tracking of Amazon US Prime Day Sales Shows +165% Increase on Day 3, Path to Year-over-Year Growth
  • The Sessions Studios Secures $300 Million Commitment to Launch World-Class Studio and 15-Film Global Slate
  • Smart Resnse Unveils Smart Resnse(SRMS) Token-Powered AI Orchestration Platform to Revolutionize Multi-Billion Dollar Market
  • Olson's Walk-Off Hit Gives N.L. All-Star Game Triumph In Strat-O-Matic Simulation
  • Beijing Review: ChASC5 Bridging Hearts Across The Pacific
  • Josh and Heidi Follow Up the Much Anticipated and Successful Launch of the "Spreading the Good BUZZ" Podcast with a Personal Request
  • Revolutionary Blockchain Platform Okh Finance Announces Okh Finance(OKKH) Token Launch to Transform Global Asset Leasing Market
  • Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
  • Easton & Easton, LLP Files Suit Against The Dwelling Place Anaheim & Vineyard USA Over Abuse Allegations
  • AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
  • Rod Joseph Honored at First International Day of Hope in New York City
  • Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
  • Tronox Announces Dates for Second Quarter 2025 Earnings Release & Webcast Conference Call
  • Colbert Packaging Announces WBENC Recognition
  • Non-Profit Pay Away Announces Support to Boys & Girls Clubs of America for Back-to-School Giving
  • RBLP Leadership Certifications is authorizing new Training Partners in New York
  • BMCC Tribeca PAC Presents New Season of Music, Theater & Family Fun
  • CPAmerica welcomes Trullion as a new Preferred Provider, supporting modernized accounting processes
  • The Fabulous Wines of Provence, France

Popular on Nyenta

  • IPTVGANG Crowned Best IPTV Service Provider of 2025 by Overwhelming User Acclaim - 146
  • TEAMSTERS REQUEST UPS DATA ON HEAT PROTECTIONS, OVERTIME VIOLATIONS, STAFFING - 130
  • LOTTE BIOLOGICS Signs Antibody Manufacturing Contract with Ottimo Pharma USA - English APAC - English Japan - Japanese USA - English - 127
  • ASI Accelerates iMISĀ® Innovation by Acquiring CSI's Product Suite and Expert Team - 122
  • Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities: ASTI - 113
  • Exciting News: Pivotal Health Solutions Acquires Revolutionary Portable Parallel Bars - 111
  • SupplyHouse Named One of Fortune's Best Workplaces in New York in 2025 - 108
  • Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT - 108
  • Recovery Arts Project and Bigvision announce partnership to combat addiction through the arts
  • New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient

Similar on Nyenta

  • Eshbal Signs Additional Binding Agreement and Strengthens U.S. Leadership Team
  • $HAREHOLDER ALERT: The M&A Class Action Firm Launches Legal Inquiry for the Merger: FL, STRM, TXNM, and CTLP
  • SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Krispy Kreme
  • Local firm Launches QuickBooks Support to Help Small Businesses Streamline Finances and Boost Growth
  • Natcast Celebrates Grand Opening of NSTC EUV Accelerator at NY CREATES' Albany NanoTech Complex, One of Three NSTC Flagship Semiconductor R&D Facilities Across the Country
  • PR Brand Marketing Inc. Awarded GSA Multiple Award Schedule Contract with Strategic Support from Government Marketplace LLC
  • LG GUGGENHEIM AWARD WINNER AYOUNG KIM OFFERS SNEAK PEAK INTO HER WORK PROCESS
  • Santa Monica Businesses Push Back on Bus Stop Relocation That Threatens Access and Safety
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Groupon, Inc. - GRPN
  • SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger: HSON, ENZB, and BRZH
Copyright © 2025 nyenta.com | Terms of Service | Privacy Policy | Contribute | Contact Us