ASP Isotopes Inc. (ASPI) Securities Class Action

The investigation is focused on ASP Isotopes’ disclosures about its Aerodynamic Separation Process (ASP) technology, which is designed to enrich isotopes, and its Quantum Enrichment technology, a laser-based process under development for nuclear fuel applications.

The company’s statements came into question on November 26, 2024, when Fuzzy Panda Research published a report alleging that “ASP Isotopes (ASPI) is using old, disregarded laser enrichment technology to masquerade as a new, cutting-edge Uranium enrichment company.”

Fuzzy Panda report also found that ASPI:

1. Employed multiple individuals to promote its stock.
2. Was assessed by former Centrus executives as possessing "virtually worthless" technology.
3. Was perceived by other scientists as "selling hope" with technology deemed "impossible to scale.”

On this news, ASPI stock dropped 23% in a single trading day.

FREQUENTLY ASKED QUESTIONS ABOUT THE CASE

What is the ASPI investigation about?

We are focused on whether ASP Isotopes may have misled investors about the true commercial prospects for its ASP and Quantum Enrichment technologies.

WHAT SHOULD I DO?

I worked at ASPI. What should I do?

If you were an employee of ASPI, you may have valuable information that could be relevant to the investigation. Hagens Berman is one of the nation’s top whistleblower law firms, and has successfully represented many individuals who come forward with information regarding corporate malfeasance. Under the new SEC Whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, contact Reed Kathrein at 844-916-0895 or [email protected].

There are multiple law firms participating, do I need to contact all of them?

No, you do not need to contact all participating law firms. Generally, class-action investigations and lawsuits are consolidated into a single case to streamline the legal process, and attorneys from only a few law firms are selected to serve in a leadership role on the consolidated case. Hagens Berman has a proven track record of being appointed to leadership roles in complex, multidistrict litigation regarding investor fraud and other consumer rights issues, and your claim will be handled by attorneys who have helped secure approximately $325 billion in class-action settlements on behalf of individuals who have suffered due to corporate malfeasance and the wrongdoing of other powerful institutions.

AM I ELIGIBLE?

What is the threshold amount to be eligible? What are “substantial” losses?

The threshold amount and the definition of "substantial" losses may vary depending on a number of factors specific to the case, including the size of the company, market cap, shares outstanding and who holds them and the damages alleged by the fraud. In general, to be eligible to participate in a class-action lawsuit, you must be able to demonstrate that you suffered financial losses as a result of the alleged wrongdoing and that your losses meet the criteria set by the court or law firm. Fill out the form and submit your losses.

CAN I PARTICIPATE?

Am I affected? What do I need to do to participate?

If you were an investor in ASPI, you may be affected and eligible to participate in the case. To determine your eligibility and potential involvement, fill out the form and submit your losses.

Can any ASPI investor participate?

In most class-action investigations and cases, any investor who meets the eligibility criteria, including purchasing the shares during the relevant period, can participate, regardless of the size of their investment. Fill out the form to find out your rights.

I bought on a non-U.S. Exchange. Can I participate?

No. This investigation only covers shares bought on a U.S. exchange, i.e. NASDAQ or NYSE. Fill out the form to find out your rights.

Am I included if I still hold my shares, or do I need to sell to participate?

Participation is based on purchasing shares during the relevant period, rather than your current holdings. Accordingly, you do not need to sell to participate. Fill out the form to find out your rights.