SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Nano Nuclear Energy Inc. Investigators – NNE

New York, New York–(Newsfile Corp. – August 5, 2024) – Pomerantz LLP is investigating claims on behalf of investors in Nano Nuclear Energy Inc. (“Nano” or the “Company”) (NASDAQ: NNE). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation is intended to determine whether Nano and certain of its directors and/or officers engaged in securities fraud or other illegal business practices.

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On July 19, 2024, Hunterbrook Media (“Hunterbrook”) published a report titled “Fission Impossible: Nano Nuclear Has No Revenue, No Products, ‘Laughable’ Schedules, Part-Time Executives, and a $600 Million Market Cap.” Among other allegations, the Hunterbrook report stated that while Nano “estimates to bring micro-nuclear reactors to market between 2030 and 2031,” “(a)n expert called that timeline ‘frankly laughable’… considering that competitors with greater resources have taken 15-20 years for similar projects”; that “the company’s auditor was recently censured and fined by the Public Company Accounting Oversight Board for taking on hundreds of SPAC clients without the necessary resources”; and that “(a) as of July 2024, the U.S. Nuclear Regulatory Commission does not list (Nano) among the companies that have initiated pre-application activities for the reactor type to which (Nano) applies.”

On this news, Nano’s stock price fell $3.33 per share, or 17.25%, to close the July 22, 2024 trading day at $15.97 per share.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading firms in the field of corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz was a pioneer in the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he established by fighting for the rights of victims of securities fraud, breaches of fiduciary duty and corporate fraud. The firm has recovered multiple multimillion-dollar settlements on behalf of class members. See www.pomlaw.com.

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