Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of ASP Isotopes By Investing.com

Faruqi & Faruqi, LLP Securities Litigation Partners James (Josh) Wilson Encourages investors who have lost more than $50,000 in ASP Isotopes to contact Him directly to discuss their options

If you have incurred losses of more than $50,000 ASP isotopes Between October 30, 2024 and November 26, 2024 and would like to discuss your legal rights, call a Faruqi & Faruqi partner Josh Wilson directly time 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, NY–(Newsfile Corp. – January 11, 2025) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against ASP Isotopes Inc. (“ASP Isotopes” or the “Company”). ): ) (NASDAQ: ASPI ) and reminds investors Deadline: February 3, 2025 seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. has returned hundreds of millions of dollars to investors since its inception.See www.faruqilaw.com.

The complaint below alleges that the Company and its officers violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) The company overestimated the potential effectiveness of its enrichment technology; (2) the Company overestimated the development potential of its low-enriched uranium high-assay facility; (3) the Company overstated the results of the Company’s nuclear fuel operating segment; and (4) that as a result of the foregoing, Defendants’ positive statements regarding the Company’s operations, performance and prospects were materially misleading and/or lacked a reasonable basis.

On November 26, 2024, Fuzzy Panda Research published a report stating that ASP Isotopes “uses old, neglected laser enrichment technology as a new, advanced enrichment.” The report cited a former Klydon employee (ASP Isotopes bought its “proprietary” technology, which scientists “didn’t think would work on uranium” in the report found that a number of experts interviewed stated that the Company’s cost estimates and construction schedule for the HALEU uranium facilities were misleading to the point of “delusion”, the report further stated that the Company had significantly overestimated its relationship with TerraPower the meaning of the agreement, which was merely a “non-binding” memorandum of understanding entered into “to apply pressure”. [TerraPower’s] actual suppliers.” The report quoted former TerraPower executives as saying that ASP Isotopes “is out of production; Processes are also missing. They still need to develop HALEU…the most important part.” Finally, the report found that the company’s subsidiary, Quantum (NASDAQ:) Leap Energy, which operates its nuclear fuel division and to which the company has assigned TerraPower’s MOUs, was missing from his registered South African address, they all told us they had never heard of the companies.”

On the news, the Company’s stock price fell $1.80, or 23.53%, to close at $5.85 per share on November 26, 2024 due to unusual trading volume.

The stock continued to decline in the next trading session, down $0.83, or 14.19%, to $5.02 per share on Nov. 27, 2024, on unusual trading volume.

A court-appointed lead plaintiff is the investor with the greatest financial interest in the relief sought by the class that is commensurate with and typical of the class members who direct and control the litigation on behalf of the putative class. Any member of the putative class may propose to the Court to act as lead plaintiff through an attorney of their choice, or may choose to do nothing and remain an absent class member. Your ability to participate in any recovery is not affected by serving as the lead plaintiff or the decision not to serve.

Faruqi & Faruqi, LLP also encourages anyone with information about ASP Isotopes’ conduct to contact the company, including whistleblowers, former employees, shareholders and others.

Advertisement of a lawyer. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP. Past results do not guarantee or predict any future outcome. We welcome the opportunity to discuss your particular case. All communications will be treated confidentially.

To view the original version of this press release, visit https://www.newsfilecorp.com/release/236720