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ASPI.US
id: 1418

ASP Isotopes (ASPI) Technology Issues Case

The court has appointed the lead plaintiff to represent the class.
S.D. New York
Court
1:24-cv-09253
Case number
10/30/2024
Class period Start
11/26/2024
Class period End
02/03/2025
Lead Plaintiff motion deadline
  • $ASPI investors filed a lawsuit against ASP Isotopes for misleading them about its technology and uranium project viability.
  • On November 26, 2024, Fuzzy Panda Research claimed ASP Isotopes overstated its technology and agreements with TerraPower. Following this, $ASPI dropped by 23.53%.
  • $ASPI investors can join this case to be notified about potential recovery.
Case Details:

Between October 30, 2024, and November 26, 2024, ASP Isotopes promoted its "quantum enrichment technology" as a cutting-edge method for producing enriched isotopes, including uranium for nuclear fuel.

On October 30, 2024, the company announced a term sheet with TerraPower to build a uranium enrichment facility, which it claimed would significantly lower production costs.

However, on November 26, 2024, Fuzzy Panda Research accused ASP Isotopes of using outdated technology and exaggerating its non-binding, minor agreements with TerraPower.

The report also claimed that ASP’s South African operations lacked physical presence, raising doubts about its projects.

Following these revelations, $ASPI plummeted, losing 23.53%.

Based on these events, $ASPI investors filed a lawsuit against ASP Isotopes, accusing the company of the following:
  • It misled investors about the effectiveness of its enrichment technology.
  • It overstated the significance of its agreements and project capabilities.
Investors believe ASP Isotopes misrepresented its technological claims and project viability.
Case Status
Lead Plaintiff Appointed
Alleged Offence
Misleading Statements
Financial Misrepresentation
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
11/26/2024
Filing date
12/04/2024
Lead Plaintiff Deadline
02/03/2025

ASP Isotopes Inc. Common Stock

ASP Isotopes Inc., a development stage advanced materials company, engages in the production, distribution, marketing, and sale of isotopes. It operates in two segments, Nuclear Fuels and Specialis...

    Ticker
    ASPI.US
    ISIN
    US00218A1051
    CIK
    0001921865
    Sector
    Basic Materials
    Industry
    Chemicals
    Country
    USA
    Address
    601 Pennsylvania Avenue NW, Washington, DC, United States, 20004