ATLANTA, GA – – (Globe Newswire – August 12, 2024) – – A shareholder class action lawsuit has been filed against Nano Nuclear Energy, Inc. (“Nano Nuclear,” “NNE,” or the “Company”) (NASDAQ: NNE). The lawsuit alleges that Defendants made materially false and misleading statements, and/or failed to disclose material adverse facts, including allegations 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; and (4) as a result, the Company’s financial position and/or prospects were overstated.

If you bought shares of Nano Nuclear between May 8, 2024, and July 18, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at http://holzerlaw.com/case/nano-nuclear-energy/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is October 8, 2024.