NANO Nuclear Energy, Inc. (NASDAQ: NNE)

This lawsuit is for anyone who acquired securities in NANO Nuclear Energy, Inc. (NASDAQ: NNE) from May 8, 2024 through July 18, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that it has technology that the Company appears not to possess.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in NANO Nuclear Energy, Inc. (NASDAQ: NNE) from May 8, 2024 through July 18, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.