Nano Nuclear Energy announces dismissal of federal securities lawsuit

NANO Nuclear Energy (NNE) announced that the United States District Court for the Southern District of New York granted NANO Nuclear’s motion to dismiss the putative securities class action lawsuit filed against Nano Nuclear and certain of its officers and directors. The lawsuit, captioned Hongui Xie v. Nano Nuclear Energy, et al., 1:24-CV-6057-JMF, made sprawling claims challenging statements about the qualifications of NANO Nuclear’s team and NANO Nuclear’s prospects for microreactor development, among others. In its Order dated January 8, 2026, the Court dismissed all claims against all defendants. The dismissal of this lawsuit follows the dismissal of a related shareholder derivative lawsuit NANO Nuclear announced in April 2025. “I am proud of NANO Nuclear’s core values and of the team’s commitment to leveraging their world-class expertise to advance micro modular reactor technologies for the North American market and eventually the world,” said Jay Yu, Founder and Chairman. “We remain laser focused on executing our strategy and delivering on the commitments we have made to our stakeholders. Everyone at NANO Nuclear is dedicated to our mission and to delivering meaningful progress in the development of next-generation advanced nuclear microreactors, including the KRONOS MMR Energy System. I am pleased to see the Company move forward with clarity, confidence, and an unwavering work ethic. We thank our legal team at Ellenoff Grossman & Schole for helping us achieve this result.”