Legal Proceedings
−Removed: We are not party to any material legal matters or claims.
−Removed: In the future, we may become party to legal matters and claims arising in the ordinary course of business.
−Removed: We cannot predict the outcome of any such legal matters or claims, and despite the potential outcomes, the existence thereof may have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.
+Added: Except as described herein, we are currently not party to, and our property is not currently the subject of, any material pending legal matters or claims.
+Added: On December 4, 2024, a purported stockholder of the Company filed a putative securities class action on behalf of purchasers of the Company’s securities between October 30, 2024 through November 26, 2024 against ASP Isotopes Inc.
+Added: and certain of its executive officers in the United States District Court for the Southern District of New York ( Corredor v.
+Added: ASP Isotopes Inc., et al.
+Added: 1:24-cv-09253 (S.D.N.Y)) (the “Securities Class Action”).
+Added: The Securities Class Action alleges that the Company, its chief executive officer and chief financial officer (“Defendants”) made materially misleading or false statements or omissions regarding the Company’s business and asserts purported claims under §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder.
+Added: The complaint seeks unspecified compensatory damages, attorney’s fees and costs.
+Added: Defendants intend to vigorously defend against the Securities Class Action;
+Added: however, we cannot be certain of the outcome and, if decided adversely to us, our business and financial condition may be adversely affected.
+Added: In addition to the matters described above, from time to time, we may become subject to arbitration, litigation or claims arising in the ordinary course of business.
+Added: The results of any current or future claims or proceedings cannot be predicted with certainty, and regardless of the outcome, litigation can have an adverse impact on us because of defense and litigation costs, diversion of management resources, reputational harm and other factors.
Mine Safety Disclosures
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