Core Viewpoint - A securities fraud class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI) concerning misrepresentations made in the Registration Statement related to tenant demand at the Company's Project Matador campus [2][3]. Group 1: Lawsuit Details - The lawsuit was initiated in the United States District Court for the Southern District of New York on behalf of investors who purchased or acquired Fermi securities during the Class Period from October 1, 2025, to December 11, 2025, and those who participated in the Company's October 2025 IPO [2]. - Allegations include violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 against Fermi and certain senior officers [2]. Group 2: Lead Plaintiff Information - Investors wishing to serve as lead plaintiff must file papers by March 6, 2026, with the role involving directing the litigation on behalf of other class members [4]. - Participation as a lead plaintiff is not required to share in any potential recovery, and all representation is on a contingency fee basis, meaning shareholders incur no fees or expenses [4]. Group 3: Law Firm Background - Bernstein Liebhard LLP, the law firm handling the case, has recovered over $3.5 billion for clients since 1993 and has represented large public and private pension funds [5]. - The firm has been recognized multiple times for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for sixteen consecutive years [5].

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drops linked to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as claims under Sections 11 and 15 of the Securities Act of 1933 [3]. - Investors have until March 6, 2026, to request to lead the case, which is pending in the U.S. District Court for the Southern District of New York [3]. Group 2: Company Background - Fermi Inc. is an energy and AI infrastructure company aiming to build large-scale nuclear reactors to support grid-independent data centers for AI companies [4]. - The company's flagship project, Project Matador, is designed to provide dedicated power for AI workloads [4]. Group 3: IPO and Allegations - Fermi completed its IPO in October 2025, claiming strong demand for Project Matador and securing a 20-year lease with an investment-grade-rated tenant [5]. - Allegations suggest that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Group 4: Stock Price Impact - On December 12, 2025, Fermi's stock dropped by $5.16 per share, over 33%, following the termination of the Advance in Aid of Construction Agreement by the First Tenant [7].

Core Viewpoint - Fermi Inc. is facing a federal securities class action due to allegations of misleading statements regarding its Project Matador campus and tenant commitments, leading to significant investor losses following the termination of a key funding agreement [5][8]. Group 1: Company Overview - Fermi Inc. (NASDAQ: FRMI) completed its IPO on October 1, 2025, offering approximately 32.5 million shares at $21.00 per share, with plans to develop a large electric generation campus for AI data centers [6]. - The registration statement highlighted a "First Tenant" for the Project Matador site, which was expected to lease a portion of the site under a long-term agreement [6]. Group 2: Allegations and Legal Actions - The complaint against Fermi alleges that the company overstated tenant demand and relied heavily on a single tenant's funding commitment, which posed a significant risk of termination [5]. - On December 12, 2025, Fermi disclosed that the First Tenant had terminated the Advance in Aid of Construction Agreement, which was crucial for funding the Project, resulting in a stock price drop of over 33% to $10.09 per share [8]. Group 3: Investor Actions - Faruqi & Faruqi, LLP is encouraging investors who suffered losses during the class period from October 1, 2025, to December 11, 2025, to discuss their legal options [2][10]. - The deadline for investors to seek the role of lead plaintiff in the class action is March 6, 2026 [2].

NEW YORK, Jan. 21, 2026 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Fermi Inc. (NASDAQ: FRMI). Shareholders who purchased shares of FRMI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/fermi-inc-loss-submission-form/?id=183188&from=3 CLASS PERIOD: This lawsuit is on behal ...

Core Viewpoint - The Fermi Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding its Project Matador, leading to significant financial losses for investors following the termination of a key funding agreement [3][4][5]. Group 1: Class Action Lawsuit Details - The lawsuit is titled Lupia v. Fermi Inc., No. 26-cv-00050 (S.D.N.Y.), and it allows investors who purchased Fermi common stock during the IPO or between October 1, 2025, and December 11, 2025, to seek appointment as lead plaintiff by March 6, 2026 [1][6]. - Fermi's IPO in October 2025 involved the sale of 37,375,000 shares at a price of $21.00 per share [2]. - The lawsuit claims that Fermi overstated tenant demand for its Project Matador campus and failed to disclose reliance on a single tenant's funding commitment [3]. Group 2: Financial Impact - On December 12, 2025, Fermi announced that the first tenant for its Project Matador AI campus had terminated a $150 million funding agreement, resulting in a nearly 34% drop in the stock price [4]. - By the time the class action lawsuit commenced, Fermi's stock price had fallen to as low as $8.59 per share, representing a 59% decline from the IPO price [5]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is leading the class action lawsuit and is recognized as a top law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7].

Group 1 - A class action lawsuit has been filed against Fermi Inc. on behalf of investors who acquired Fermi securities during the Class Period from October 1, 2025, to December 11, 2025 [1][2] - Fermi is headquartered in Amarillo, Texas, and aims to establish a network of large, grid-independent data centers powered by various energy sources, with its flagship project being "Project Matador" [3] - The lawsuit alleges that Fermi misled investors about tenant demand for Project Matador and the status of its funding, particularly failing to disclose reliance on a single tenant's funding commitment [4] Group 2 - On December 12, 2025, Fermi disclosed that the first tenant for Project Matador had terminated a $150 million agreement, leading to a nearly 34% drop in share price, closing at $10.09 [5] - Investors have until March 6, 2026, to seek appointment as lead plaintiff representative of the class [2]

NEW YORK, Jan. 21, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Fermi Inc. ("Fermi Inc." or the "Company") (NASDAQ: FRMI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fermi Inc. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Fermi: (a) common stock pursuant and/or traceable to the registration statement and prospectus issu ...

New York, New York--(Newsfile Corp. - January 21, 2026) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI), certain of the Company's senior executives and directors, and underwriters of Fermi's Initial Public Offering after a significant stock drop resulting from potential violations of the federal securities laws. If you invested in Fermi, you are encouraged to obtain additional information by visiting: https://ww ...

Company Performance - Fermi Inc. (NASDAQ:FRMI) experienced a significant decline in share prices, dropping by 8.94 percent to close at $9.22 amid overall market pessimism due to ongoing trade tensions between the United States and the European Union [1] - Despite receiving a "buy" recommendation and a price target of $23 from Texas Capital Securities, which indicates a 149 percent upside potential from its latest closing price, Fermi's share prices did not rise [4] Market Context - The decline in Fermi's stock was influenced by President Donald Trump's threats to impose 10 percent tariffs on eight countries opposing his proposed takeover of Greenland, with the potential increase to 25 percent if no agreement is reached [2] - The European Union announced plans to retaliate with $108 billion in taxes on American goods, contributing to a negative sentiment in global markets, particularly affecting Wall Street's main indices, which all finished lower, with the Nasdaq down 2.39 percent [3] Strategic Positioning - Texas Capital Securities expressed optimism regarding Fermi's Project Matador, which is described as the world's largest hybrid energy and data center campus, suggesting that it allows hyperscalers to bypass long interconnection queues and achieve high reliability standards [5]

Core Viewpoint - Fermi Inc. is facing a class action lawsuit due to allegations of securities fraud related to its Project Matador campus, with significant implications for investors who purchased shares during the specified class period [3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Fermi securities between September 28, 2025, and December 11, 2025, alleging that the company overstated tenant demand for its Project Matador campus [3]. - Allegations include the reliance on a single tenant's funding commitment for financing the construction of Project Matador and the risk of that tenant terminating its funding commitment [3]. - Fermi's share price dropped significantly after the announcement that the first tenant had terminated a $150 million funding agreement, leading to a decline of approximately 33.8% from $15.25 to $10.09 per share [4]. Group 2: Investor Actions - Investors who suffered losses on their Fermi investments have until March 6, 2026, to request lead plaintiff appointment, which is crucial for overseeing the litigation [2]. - Individual investors can be appointed as lead plaintiffs, influencing key decisions in the lawsuit [2]. - Interested parties are encouraged to contact Kirby McInerney LLP for more information regarding their rights and interests in the lawsuit [5].