Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Fermi Inc. for alleged violations of federal securities laws, encouraging affected investors to contact them for legal options [2][4]. Group 1: Legal Investigation - The law firm is urging Fermi investors who suffered losses exceeding $50,000 to reach out for discussions regarding their legal rights [1]. - A federal securities class action has been filed against Fermi, with a deadline of March 6, 2026, for investors to seek the role of lead plaintiff [2]. - The complaint alleges that Fermi and its executives made false and misleading statements regarding tenant demand and funding commitments for Project Matador [4]. Group 2: Company Background - Fermi Inc. is listed on NASDAQ under the ticker FRMI and is currently facing scrutiny due to the allegations made against it [2]. - Faruqi & Faruqi, LLP has a history of recovering hundreds of millions of dollars for investors since its establishment in 1995 [3].

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drops linked to alleged violations of federal securities laws [1][3]. 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 workloads [4]. - The company's flagship project is Project Matador, designed to provide dedicated power for AI operations [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 announcement that the First Tenant was terminating its agreement [7]. - The stock price fell from $15.25 to $10.09 per share in one day due to this news [7]. Legal Proceedings - Investors have until March 6, 2026, to seek appointment as lead plaintiffs in the case, which is pending in the U.S. District Court for the Southern District of New York [3]. - The lawsuit includes claims of securities fraud under various sections of the Securities Exchange Act and the Securities Act [3].

Core Viewpoint - A class action lawsuit has been filed against Fermi, Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects, particularly concerning the Project Matador campus [4][8]. Allegation Details - The lawsuit claims that Fermi overstated tenant demand for the Project Matador campus [4] - It is alleged that the company did not adequately disclose its reliance on a single tenant's funding commitment for the project's construction [4] - There is a significant risk that the tenant may terminate its funding commitment, which was not disclosed [4] - As a result, the positive statements made by the defendants about the company's business were misleading and lacked a reasonable basis [4] Next Steps - Investors who purchased Fermi shares and suffered losses can contact the law firm for more information and to discuss their rights [5][8] - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is March 6, 2026 [8]

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 - Investors who purchased Fermi Inc. common stock during the IPO or between October 1, 2025, and December 11, 2025, can seek to be appointed as lead plaintiff in the class action lawsuit [1][6]. - The lawsuit, titled Lupia v. Fermi Inc., claims violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 [1][3]. Group 2: Allegations Against Fermi Inc. - The lawsuit alleges that Fermi overstated tenant demand for its Project Matador campus and failed to disclose reliance on a single tenant's funding commitment [3]. - It is claimed that there was a significant risk of the tenant terminating its funding commitment, which ultimately occurred, leading to a $150 million loss in expected construction funding [3][4]. Group 3: Financial Impact - Following the announcement of the termination of the funding agreement, Fermi's stock price fell nearly 34% [4]. - The stock price has since traded as low as $8.59 per share, representing a 59% decline from the IPO price of $21.00 per share [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading firm in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [7]. - The firm has a strong track record, recovering $8.4 billion for investors over the past five years, making it one of the largest plaintiffs' firms globally [7].

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 financial losses for investors [4][7]. 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 [5]. - The company had identified a "First Tenant" for its Project Matador site, which was expected to provide a stable funding source [5]. Legal Issues - The lawsuit claims that Fermi and its executives violated federal securities laws by making false or misleading statements about tenant demand and funding commitments for Project Matador [4]. - The First Tenant had initially agreed to advance up to $150 million for construction costs but terminated this agreement on December 12, 2025, leading to a more than 33% drop in Fermi's stock price [6][7]. Investor Actions - Investors who purchased Fermi securities during the class period (October 1, 2025, to December 11, 2025) are encouraged to contact Faruqi & Faruqi, LLP to discuss their legal rights and options [2][8]. - There is a deadline of March 6, 2026, for investors to seek the role of lead plaintiff in the class action lawsuit [2].

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 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].

SAN DIEGO, Feb. 06, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Fermi Inc. (NASDAQ: FRMI) securities between October 1, 2025 and December 11, 2025, inclusive, and/or pursuant or traceable to the Company’s October 2025 initial public offering (the “Class Period”). The lawsuit seeks to recover losses for investors under the federal securities laws. What if I purchased Fermi securities? If you purc ...

FRMI Investor Alert: Faruqi & Faruqi, LLP Reminds Fermi Investors of Securities Class Action Deadline on March 6, 2026 [Accessibility Statement] Skip NavigationFaruqi & Faruqi, LLP Securities Litigation Partner [James (Josh) Wilson] Encourages Investors Who Suffered Losses In Fermi To Contact Him Directly To Discuss Their OptionsIf you purchased or otherwise acquired securities in [Fermi](a) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration ...

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drops linked to alleged violations of federal securities laws [1][3]. 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 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 announcement that the First Tenant was terminating its agreement [7].

Core Viewpoint - Fermi Inc. is facing a federal securities class action lawsuit due to allegations of overstating tenant demand and reliance on a single tenant's funding for its Project Matador campus, with a deadline for investors to seek lead plaintiff status by March 6, 2026 [1][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 misrepresented key aspects of its Project Matador [4]. - Specific allegations include overstating tenant demand, reliance on a single tenant's funding commitment, and the risk of that tenant terminating its funding [4]. - Following the termination of a $150 million funding agreement by the first tenant for Project Matador, Fermi's share price dropped by approximately 33.8%, from $15.25 to $10.09 on December 12, 2025 [5]. Group 2: Investor Actions - Investors who acquired Fermi securities are encouraged to contact Kirby McInerney LLP to discuss their rights and potential involvement in the class action lawsuit [2][7]. - The firm emphasizes that individual investors can be appointed as lead plaintiffs, influencing litigation strategy and settlement decisions [1]. Group 3: Company Background - Fermi Inc. began trading on NASDAQ at $21.00 per share following its Initial Public Offering on October 1, 2025 [5]. - Kirby McInerney LLP is a law firm specializing in securities litigation, with a history of achieving significant recoveries for shareholders [9].