Core Viewpoint - Fermi Inc. is facing a federal securities class action lawsuit due to allegations of misleading statements regarding its Project Matador campus and tenant commitments, which has led to significant investor losses following the termination of a key funding agreement [4][6][9]. 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 [7]. - The registration statement highlighted a "First Tenant" for the Project Matador site, with a letter of intent signed on September 19, 2025, for a long-term lease [7]. Group 2: Legal Allegations - The complaint alleges that Fermi and its executives violated federal securities laws by making false or misleading statements about tenant demand and the reliance on a single tenant's funding for Project Matador [6]. - Specific allegations include overstating tenant demand, failing to disclose risks related to the tenant's funding commitment, and misleading investors about the company's business prospects [6]. Group 3: Market Reaction - Following the announcement on December 12, 2025, that the First Tenant had terminated the Advance in Aid of Construction Agreement, Fermi's stock price dropped over 33%, closing at $10.09 per share, significantly below the IPO price [9].

NEW YORK, Jan. 9, 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 issue ...

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drop attributed to potential violations of federal securities laws [1][3]. Company Overview - 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 is Project Matador, designed to provide dedicated power for AI workloads [4]. 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]. 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 - 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. and was filed in the Southern District of New York, with a deadline of March 6, 2026, for investors to seek lead plaintiff status [1]. - The class period for the lawsuit includes transactions from October 1, 2025, to December 11, 2025, during which Fermi's common stock was sold at $21.00 per share in its IPO [1][2]. - Allegations include overstating tenant demand for Project Matador and failing to disclose reliance on a single tenant's funding commitment [3]. Group 2: Financial Impact - Following the announcement that the first tenant for Project Matador terminated a $150 million funding agreement, Fermi's stock price dropped nearly 34% [4]. - The stock price has since fallen to as low as $8.59 per share, representing a 59% decline from the IPO price [5]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows investors to seek lead plaintiff status if they purchased Fermi common stock during the class period [6]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [7].

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming March 6, 2026 deadline to file a lead plaintiff motion in the case filed on behalf of Fermi Inc. ("Fermi†or the "Company†) (NASDAQ: FRMI) investors who purchased: (a) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement†) issued in connection with the Company's October 2025 initial public offering ("IPO†or the "Offering†); a. ...

Core Viewpoint - Fermi, Inc. is facing a class action lawsuit due to alleged misrepresentations regarding tenant demand and agreements related to its Project Matador, which has led to significant stock price declines [1][5][6]. Company Overview - Fermi, Inc. is an energy and AI infrastructure company focused on building large-scale nuclear reactors to support grid-independent data centers for AI companies [3]. - The company's flagship project, Project Matador, aims to provide dedicated power for AI workloads [3]. IPO and Initial Representations - Fermi completed its IPO in October 2025, claiming strong demand for Project Matador and securing a 20-year lease agreement with an investment-grade-rated tenant [4]. - The First Tenant was reported to advance up to $150 million for construction costs of Project Matador [4]. Allegations and Stock Impact - Allegations have surfaced that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [5]. - Following the termination of the Advance in Aid of Construction Agreement by the First Tenant, Fermi's stock price dropped by $5.16, or over 33%, from $15.25 to $10.09 per share [6].

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: Company Overview - Fermi Inc. is an energy and AI infrastructure company focused on building large-scale nuclear reactors to support grid-independent data centers for AI companies [4]. - The company's flagship project, Project Matador, aims to provide dedicated power for AI workloads [4]. Group 2: 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 3: Stock Price Impact - Following the announcement that the First Tenant terminated the Advance in Aid of Construction Agreement, Fermi's stock dropped by $5.16 per share, over 33%, from $15.25 to $10.09 on December 12, 2025 [7].

Core Viewpoint - A class action has been filed against Fermi Inc. for allegedly misleading investors regarding its business prospects, particularly related to its Project Matador campus [1][2]. Allegations - Fermi Inc. is accused of failing to disclose that it overstated tenant demand for its Project Matador campus [2] - The company did not adequately inform investors about its reliance on a single tenant's funding commitment for the construction of Project Matador [2] - There was a significant risk that the tenant could terminate its funding commitment, which was not disclosed to investors [2] Stock Price Impact - On December 12, 2025, Fermi announced that the first tenant for Project Matador had terminated a $150 million funding agreement, leading to a stock price drop of $5.16 per share, or 33.8%, closing at $10.09 [3] - By the time of the class action announcement, Fermi's stock had traded as low as $8.59 per share, representing a 59% decline from the IPO price of $21.00 per share [3] Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their papers by March 6, 2026, but participation is not required for recovery [4] - Shareholders can remain absent class members if they choose not to take action [4] Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5]

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. by Berger Montague on behalf of investors who acquired Fermi securities during the Class Period from October 1, 2025, to December 11, 2025, including its IPO on October 1, 2025 [1][2] Company Overview - Fermi Inc., based in Amarillo, Texas, aims to develop a network of large, grid-independent data centers powered by nuclear, natural gas, solar, and battery energy [3] Project Details - Fermi's flagship initiative, "Project Matador," is designed to create the world's largest private energy campus, providing dedicated power for AI data centers [3] Allegations in Lawsuit - The lawsuit claims that during the Class Period, Fermi misled investors about tenant demand for Project Matador and the project's funding status [4] - It is alleged that Fermi did not disclose that the construction financing for Project Matador was heavily reliant on a single tenant's funding commitment, which posed a significant risk of termination [4] Impact of Tenant Termination - On December 12, 2025, Fermi announced that the first tenant for Project Matador had terminated a $150 million Advance in Aid of Construction Agreement, leading to a nearly 34% drop in Fermi's share price, closing at $10.09 per share [5]

Core Viewpoint - Fermi Inc. is facing a class action lawsuit due to alleged misleading statements and failure to disclose material facts regarding its business operations and prospects, particularly related to its Project Matador AI campus [5]. Group 1: Company Overview - Fermi Inc. conducted its initial public offering (IPO) on October 1, 2025, selling 37,375,000 shares at a price of $21.00 per share [2]. - Following the IPO, Fermi's stock price has significantly declined, trading as low as $8.59 per share, representing a 59% decrease from the IPO price [4]. Group 2: Key Events - On December 12, 2025, Fermi announced that the first tenant for its Project Matador AI campus had terminated a $150 million funding agreement, leading to a stock price drop of $5.16 per share, or 33.8%, closing at $10.09 [3]. - The lawsuit alleges that Fermi overstated tenant demand for the Project Matador campus and failed to disclose the reliance on a single tenant's funding commitment, which posed a significant risk to the project's financing [5]. Group 3: Legal Action - Investors who purchased Fermi securities during the class period (October 1, 2025, to December 11, 2025) have until March 6, 2026, to file a lead plaintiff motion in the class action lawsuit [1][6].