Fermi Inc. INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors (FRMI)
Core Viewpoint - Kirby McInerney LLP is investigating potential claims against Fermi Inc. regarding possible violations of federal securities laws or unlawful business practices [1]. Group 1: Company Overview - Fermi Inc. began trading on NASDAQ on October 1, 2025, at a price of $21.00 per share following its Initial Public Offering [3]. - The company faced a significant setback when its first tenant for the Project Matador AI campus terminated a $150 million Advance in Aid of Construction Agreement [3]. Group 2: Market Reaction - Following the announcement of the tenant's termination, Fermi's share price dropped by $5.16, which is approximately 33.8%, closing at $10.09 on December 12, 2025, down from $15.25 on December 11, 2025 [3].