Investors Alert: Impending Deadline in NuScale Power Corporation Securities Class Action

Investors of NuScale Power Corporation SMR who acquired securities during the period from March 15, 2023, to November 8, 2023, are being reminded by Rosen Law Firm, a preeminent global investor rights law firm, of a vital deadline. The cutoff date for counsel representation falls on January 16, 2024. Equity holders affected by the alleged securities fraud are encouraged to contact legal counsel prior to the deadline to participate in the class action lawsuit.

NuScale Power Corporation Overview

NuScale Power Corporation, trading under the ticker SMR, specializes in the development and sale of nuclear power plants based on modular light water reactor technology. These facilities are designed to fulfill a range of energy needs, including electrical power generation, district heating, desalination, hydrogen production, and other thermal applications. The versatility of NuScale's technology presents a significant advancement in the nuclear power industry.

Details of the Class Action

The class action alleges that NuScale Power Corporation may have issued materially misleading business information to the investing public. The specified class period for the lawsuit is between March 15, 2023, and November 8, 2023. Shareholders who purchased SMR securities within this timeframe and incurred losses are the primary focus of the legal action, for which the filing deadline has been set to January 16, 2024.

Implications for Investors

This legal pursuit emphasizes the rights of investors and underscores the necessity for corporate transparency and compliance. For NuScale shareholders who have been impacted, the impending deadline mandates a prompt decision on whether to seek counsel and join the class action or potentially forfeit the chance for any recovery of losses.

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