Fermi LLC(FRMI)
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Lost Money on Fermi Inc.(FRMI)? Join Class Action Suit Seeking Recovery – Contact The Gross Law Firm
Globenewswire· 2026-01-28 21:00
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 its initial public offering and subsequent 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 failed to disclose reliance on a single tenant's funding commitment [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 software for updates on the case [5]. - There is no cost or obligation for shareholders to participate in the case [5]. Group 4: About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [6]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [6].
FRMI SECURITIES: Fermi Inc. Investors that Lost Money on their Securities are Notified to Contact BFA Law about the Ongoing Securities Class Action before March 6
TMX Newsfile· 2026-01-28 20:46
New York, New York--(Newsfile Corp. - January 28, 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 ...
FRMI INVESTORS: BFA Law Notifies Fermi Inc. Investors with Losses of the Pending Securities Fraud Class Action and Upcoming March 6 Legal Deadline
TMX Newsfile· 2026-01-27 20:36
New York, New York--(Newsfile Corp. - January 27, 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 ...
FRMI INVESTOR ALERT: Fermi Inc. (FRMI) Slapped With Securities Class Action Over IPO And Subsequent Disclosures -- Hagens Berman
Prnewswire· 2026-01-27 18:10
SAN FRANCISCO, Jan. 27, 2026 /PRNewswire/ -- National shareholder rights firm Hagens Berman is notifying investors in Fermi Inc. (NASDAQ: FRMI) of the upcoming March 6, 2026, lead plaintiff deadline in a pending securities class action. Hagens Berman is investigating the alleged claims that Fermi IPO materials and subsequent disclosures misled investors regarding tenant demand and funding for its flagship "Project Matador" AI campus. [CLICK HERE TO SUBMIT YOUR FERMI LOSSES] FRMI Investors with Losses Encour ...
NASDAQ: FRMI CLASS ACTION NOTICE: Berger Montague Encourages Fermi Inc. (NASDAQ: FRMI) Investors to Inquire About a Securities Fraud Class Action
Globenewswire· 2026-01-27 13:41
Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. on behalf of investors who acquired Fermi securities during the specified Class Period, alleging misleading statements regarding tenant demand and project funding [1][3]. Group 1: Lawsuit Details - The lawsuit targets Fermi Inc. for allegedly misleading investors about the demand for its Project Matador AI campus and the status of its funding [3]. - It is claimed that the construction financing for Project Matador was reliant on a single tenant's funding commitment, which posed a significant risk of withdrawal [3]. Group 2: Company Background - Fermi Inc. is headquartered in Amarillo, Texas, and aims to establish a network of large, grid-independent data centers powered by various energy sources including nuclear, natural gas, solar, and battery energy [2]. Group 3: Investor Information - Investors who purchased Fermi securities during the Class Period have until March 6, 2026, to seek appointment as lead plaintiff representatives [2].
FERMI CLASS ACTION: Fermi Inc. (FRMI) Investors with Losses Are Notified of the Upcoming March 6 Securities Class Action Deadline and to Contact BFA Law
TMX Newsfile· 2026-01-26 20:33
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]. Group 1: Lawsuit Details - The lawsuit claims securities fraud under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as 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 an agreement with an investment-grade-rated tenant for a 20-year lease [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].
Figma’s IPO Is a Cautionary Tale. How AI Busted the Stock.
Barrons· 2026-01-26 19:49
Figma's IPO Is a Cautionary Tale. How AI Busted the Stock. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Figma's IPO Is a Cautionary Tale. How AI Busted the Stock.By [Paul R. La Monica]ShareResize---ReprintsIn this article[FIG][ADBE][GOOG ...
FRMI SHAREHOLDERS: Fermi Inc. Accused of Misrepresentations about its Customer Agreement in Securities Fraud Class Action – Investors Notified to Contact BFA Law
Globenewswire· 2026-01-26 13:45
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 an agreement with an investment-grade-rated tenant for a 20-year lease [5]. - Allegations suggest that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Group 4: 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].
INVESTOR DEADLINE: Fermi Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces
Prnewswire· 2026-01-26 12:10
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 - Purchasers of Fermi Inc. common stock during the IPO and the specified Class Period have until March 6, 2026, to seek appointment as lead plaintiff in the class action lawsuit [1]. - The lawsuit, titled Lupia v. Fermi Inc., is pending in the Southern District of New York and accuses Fermi and its executives of violating the Securities Act of 1933 and the Securities Exchange Act of 1934 [1][2]. 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 [3]. - It is alleged that there was a significant risk of the tenant terminating its funding commitment, which ultimately occurred, leading to a substantial drop in stock price [3][4]. Group 3: Financial Impact - Following the announcement that the first tenant for Project Matador had terminated a $150 million funding agreement, Fermi's stock price fell nearly 34% [4]. - The stock price has reportedly traded as low as $8.59 per share, representing a 59% decline from the IPO price of $21.00 per share [5].
SHAREHOLDER DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fermi
TMX Newsfile· 2026-01-26 00:21
Core Viewpoint - Fermi Inc. is facing potential legal claims due to allegations of misleading statements regarding its Project Matador campus and tenant commitments, which have led to significant stock price declines following the termination of a key funding agreement [5][8]. Group 1: Company Overview - Fermi Inc. (NASDAQ: FRMI) completed its initial public offering 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 significant tenant for its Project Matador site [6]. Group 2: Legal Issues - The complaint against Fermi alleges violations of federal securities laws, including overstating tenant demand and failing to disclose risks related to funding commitments for Project Matador [5]. - The First Tenant had initially agreed to advance up to $150 million for construction costs but terminated this agreement on December 11, 2025, leading to a market reaction that saw Fermi's stock price drop over 33% to $10.09 per share [7][8]. Group 3: Investor Actions - Faruqi & Faruqi, LLP is encouraging investors who suffered losses to contact them to discuss their legal options, with a deadline of March 6, 2026, to seek the role of lead plaintiff in a federal securities class action [2][10].