NEW YORK, NY / ACCESSWIRE / August 12, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of NANO Nuclear Energy Inc. ("NANO") (NASDAQ:NNE) concerning possible violations of federal securities laws.
On July 19, 2024, Hunterbrook Media published a report entitled "Fission Impossible: Nano Nuclear Has No Revenue, No Products, ‘Laughable' Timelines, Part-Time Executives, and a $600 Million Market Cap". Among other allegations, the report stated that while the Company "estimates that it will bring nuclear microreactors to market between 2030 and 2031", "[a]n expert called this timeline ‘frankly laughable' . . . given that competitors with more resources have taken 15-20 years for similar projects"; that "the company's auditor was recently sanctioned and fined by the Public Company Accounting Oversight Board for taking on hundreds of SPAC clients without necessary resources"; and that "[a]s of July 2024, the U.S. Nuclear Regulatory Commission does not list [Nano] among the companies that have begun pre-application activities for the kind of reactor [Nano] is pitching."
On this news, Nano's stock price fell $3.33 per share, or 17.25%, to close at $15.97 per share on July 22, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/nano-nuclear-energy-inc-lawsuit-submission-form?prid=95280&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
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New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
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SOURCE: Levi & Korsinsky, LLP