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].

Core Viewpoint - The Gross Law Firm has announced a class action lawsuit on behalf of shareholders of Fermi Inc. (NASDAQ: FRMI) who purchased shares during a specified class period, alleging that the company made materially false and misleading statements regarding its business operations and tenant demand for Project Matador [1][2]. Group 1: Allegations - The lawsuit claims that Fermi Inc. overstated tenant demand for its Project Matador campus [2] - It is alleged that the company failed to disclose the reliance on a single tenant's funding commitment for financing Project Matador [2] - There is a significant risk that the tenant could terminate its funding commitment, which was not disclosed [2] - As a result of these issues, the positive statements made by the defendants about the company's business and prospects were misleading [2] Group 2: Class Action Details - The class period for the lawsuit includes purchases made from October 1, 2025, to December 11, 2025, and those who acquired shares during the October 2025 initial public offering [1] - Shareholders are encouraged to register for the class action by March 6, 2026, to be eligible for potential recovery [3] - Participants will be enrolled in a portfolio monitoring system to receive updates on the case [3] Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4]

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 aiming to build large-scale nuclear reactors to support a network of 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 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 Performance and 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 the Advance in Aid of Construction Agreement [7]. - The stock price fell from $15.25 per share on December 11, 2025, to $10.09 per share on December 12, 2025, reflecting investor concerns over the company's disclosures [7].

Core Viewpoint - The Gross Law Firm is notifying shareholders of Fermi Inc. regarding a class action lawsuit due to alleged misleading statements made by the company during a specific class period [1][4]. Group 1: Class Action Details - The class period for the lawsuit includes shares purchased during the initial public offering in October 2025 and securities acquired between October 1, 2025, and December 11, 2025 [3]. - Shareholders are encouraged to contact the Gross Law Firm for possible lead plaintiff appointment, although this is not required to participate in any recovery [1][5]. Group 2: Allegations Against Fermi Inc. - The complaint alleges that Fermi Inc. overstated tenant demand for its Project Matador campus and relied heavily on a single tenant's funding commitment for construction [4]. - It is claimed that there was a significant risk of the tenant terminating its funding commitment, which was not disclosed, leading to misleading positive statements about the company's business and prospects [4]. Group 3: Next Steps for Shareholders - Shareholders must register by March 6, 2026, to participate in the class action and will be enrolled in a portfolio monitoring system for updates on the case [5]. - There is no cost or obligation for shareholders to participate in the lawsuit [5].

Core Viewpoint - A class action securities lawsuit has been filed against Fermi Inc. due to alleged securities fraud affecting investors who purchased shares during the company's initial public offering and subsequent period [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who acquired Fermi Inc. common stock during its October 2025 IPO and between October 1, 2025, and December 11, 2025 [2]. - The complaint alleges that Fermi Inc. made false statements regarding tenant demand for its Project Matador campus and the reliance on a single tenant's funding commitment, which posed a significant risk of termination [3]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until March 6, 2026, to request appointment as lead plaintiff, although participation in any recovery does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [5].

Core Viewpoint - Fermi Inc. is facing potential legal claims due to allegations of misleading statements regarding its Project Matador, particularly concerning tenant demand and funding commitments [5][6][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 [6]. - The company aimed to develop a large electric generation campus for AI data centers and had identified a "First Tenant" for its Project Matador site [6]. Group 2: Legal Issues - 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 violated federal securities laws by making false statements and failing to disclose critical information about tenant demand and funding risks [5]. Group 3: Financial Impact - In November 2025, Fermi announced that the First Tenant had agreed to advance up to $150 million for construction costs, which was a significant funding arrangement [7]. - On December 12, 2025, Fermi disclosed that the First Tenant had terminated the Advance in Aid of Construction Agreement, leading to a stock price drop of over 33%, closing at $10.09 per share [8].

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 termination of the Advance in Aid of Construction Agreement by the First Tenant [7].

Core Viewpoint - Fermi Inc. is facing a class action lawsuit due to alleged misleading statements and failures to disclose critical information during its IPO and subsequent trading period, leading to significant stock price declines [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Lupia v. Fermi Inc. and was filed in the Southern District of New York, charging Fermi and its executives with violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 [1][3]. - Investors who purchased Fermi common stock during the IPO or between October 1, 2025, and December 11, 2025, can seek appointment as lead plaintiff by March 6, 2026 [1][6]. - 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, which posed a significant risk [3][4]. 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 of $21.00 per share [5]. Group 3: Company Background - Fermi Inc. is described as an energy and AI infrastructure company, having sold 37,375,000 shares at $21.00 each during its October 2025 IPO [2][3]. - Robbins Geller Rudman & Dowd LLP, the law firm representing the investors, is noted for its significant recoveries in securities-related class action cases, having recovered over $2.5 billion for investors in 2024 alone [7].

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 data centers powered by nuclear and other energy sources [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 announcement that the First Tenant terminated the Advance in Aid of Construction Agreement [7].

If you purchased or acquired Fermi: (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, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Forunato directly at (212) 355-4648. Click here to participate in ...