Core Viewpoint - Fermi (FRMI.US) experienced a pre-market drop of over 40%, trading at $8.84, following the termination of a $150 million construction funding agreement by an investment-grade tenant for its Matador project in Texas [1] Group 1: Company Developments - The company disclosed that the tenant, which had committed to provide up to $150 million under a construction funding agreement signed in November last year, has not drawn any funds [1] - Negotiations regarding the lease agreement terms for the site are still ongoing [1] Group 2: Industry Context - The company remains confident in its ability to meet the expected power delivery timelines due to the continued strong demand for electricity for artificial intelligence applications [1]
美股异动 | 因租户终止1.5亿美元项目施工协议 Fermi(FRMI.US)盘前暴跌超40%