Nano Nuclear Energy Inc

Item 1. Legal Proceedings.

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. We are not presently a party to any legal proceedings that, if determined adversely to us, would individually or taken together have a material adverse effect on our business, operating results, financial condition or cash flows, except for the following:

On August 9, 2024, a putative securities class action lawsuit was filed against us and certain of our officers in the United States District Court for the Southern District of New York, captionedYvette Yang v. Nano Nuclear Energy Inc., et al., No. 1:24-cv-06057 (S.D.N.Y.). The complaint asserts claims for alleged violations of federal securities laws related to statements concerning the Company’s business, including the Company’s progress toward microreactor development. The plaintiff seeks to represent a class of certain persons who purchased or otherwise acquired the Company’s common stock during the period from May 8, 2024 through July 18, 2024 and seeks unspecified damages and other relief. The Company disputes the allegations in the complaint and intends to defend the case vigorously. The case is at an early stage and the Company cannot reasonably estimate the amount of any potential financial loss or cost that could result from this lawsuit.