Core Viewpoint - The Fermi Inc. class action lawsuit alleges violations of securities laws related to its October 2025 IPO, with claims of misleading statements regarding tenant demand and funding commitments for its Project Matador campus [2][4]. Group 1: Class Action Details - The class action lawsuit is titled Lupia v. Fermi Inc., No. 26-cv-00050 (S.D.N.Y.) and involves Fermi, its executives, and IPO underwriters [2]. - Investors who purchased Fermi common stock during the IPO or between October 1, 2025, and December 11, 2025, can seek to be appointed as lead plaintiff by March 6, 2026 [1][7]. Group 2: Allegations Against Fermi - 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 [4]. - It is alleged that there was a significant risk of the tenant terminating its funding commitment, which was not disclosed [4]. - On December 12, 2025, Fermi announced that the first tenant for Project Matador had terminated a $150 million funding agreement, leading to a nearly 34% drop in stock price [5]. Group 3: Stock Performance - Following the IPO, Fermi's stock price fell from $21.00 per share to as low as $8.59 per share, representing a 59% decline [6]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [8].

SAN FRANCISCO, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Hyperscaler development company Fermi Inc. (NASDAQ: FRMI) is facing a proposed securities class action stemming from its highly anticipated initial public offering completed just weeks before stunning the investment community with its December announcement that the prospective anchor tenant (“First Tenant”) for the company’s Project Matador (the company’s Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have ...

What Is This Lawsuit About? The lawsuit alleges that (1) the Company overstated its tenant demand for its Project Matador campus; (2) the extent to which Project Matador would rely on a single tenant's funding commitment to finance the construction of Project Matador; and (3) there was a significant risk that that tenant would terminate its funding commitment. [CONTACT THE FIRM IF YOU SUFFERED A LOSS] NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP announces that a class action lawsuit has be ...

If you suffered substantial losses and wish to serve as lead plaintiff of the Fermi class action lawsuit, please provide your information here: SAN DIEGO, Jan. 6, 2026 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Fermi Inc. (NASDAQ: FRMI): (i) common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with Fermi's October 2025 initial public offering ("IPO"); and/or (ii) securities between October 1, 2025 and Decembe ...

NEW YORK--(BUSINESS WIRE)---- $FRMI #ClassAction--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Fermi Inc. ("Fermi†or the "Company†) (NASDAQ: FRMI) and reminds investors of the March 6, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has reco ...

NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI) and certain of its officers. This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Fermi securities: (1) pursuant to the registration statement and prospectus issu ...

SAN DIEGO--(BUSINESS WIRE)---- $FRMI #Electricity--Robbins LLP informs stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Fermi Inc. (NASDAQ: FRMI): (a) common stock pursuant to the registration statement issued in connection with the Company's October 2025 initial public offering ("IPO"); or (b) securities between October 25, 2025 and December 11, 2025. Fermi purports to be an energy and artificial intelligence ("AI†) infrastructure company. For more ...

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been 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†); and/or (b) securities between October 1, 2025 and December 11, 20 ...

LOS ANGELES--(BUSINESS WIRE)--Law Offices of Frank R. Cruz Encourages Fermi Inc. (FRMI) Shareholders to Inquire About Securities Fraud Class Action. ...

Core Viewpoint - Fermi Inc. is facing a lawsuit from investors over alleged violations of Federal Securities Laws related to misleading statements made during its initial public offering and subsequent period, particularly concerning the demand for its Project Matador campus [4]. Group 1: Lawsuit Details - A lawsuit has been filed against Fermi Inc. by an investor regarding alleged false and misleading statements made in connection with the company's October 2025 IPO and the period from October 1, 2025, to December 11, 2025 [4]. - The plaintiff claims that Fermi Inc. overstated tenant demand for its Project Matador campus and failed to disclose significant risks associated with reliance on a single tenant's funding commitment [4]. - The lawsuit highlights that the termination of a $150 million funding agreement by the first tenant for Project Matador was not disclosed, which could materially mislead investors about the company's prospects [4]. Group 2: Financial Information - Fermi Inc. priced its initial public offering at $21.00 per share, offering a total of 32,500,000 shares [3]. - The deadline for investors who purchased shares in excess of $100,000 between October 1, 2025, and December 11, 2025, to take action is March 6, 2026 [2].