NANO Nuclear Energy, Inc.

Registration Deadline:

10/08/2024

Submit Your Information

A securities class action has been filed in the USDC — S.D.N.Y. against NANO Nuclear Energy, Inc. (NNE) (“NNE” or the “Company”), on behalf of all persons or entities that purchased or otherwise acquired NNE common stock between May 8, 2024 and July 18, 2024, both dates inclusive (the “Class Period”).

 

According to its SEC filings, NNE is an “early stage nuclear energy company” in the process of “developing smaller, cheaper, and safer advanced portable clean energy solutions.” The Company’s website claims NNE is “seeking to become a commercially focused, diversified, and vertically integrated company across four business lines: (i) cutting edge portable microreactor technology, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, and (iv) nuclear industry consulting services.”

 

 

The complaint alleges throughout the Class Period, Defendants made false and/or misleading statements, and failed to disclose material facts, including that:

 

(1) NNE’s purported progress toward regulatory approval for the design of its planned micro reactors and fuel fabrication plant was nonexistent;

(2) NNE’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, thereby harming investors.

 

If you purchased NNE common stock during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

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