Fermi denies report that Amazon was prospective tenant in stalled project

Core Viewpoint - Fermi, a data center real estate investment company, has denied claims that Amazon was a prospective tenant and that it withdrew funding from Fermi's project [1][2]. Group 1: Company Statements - Fermi's spokesperson stated that the company and its CEO, Toby Neugebauer, categorically deny the claims made by Business Insider regarding Amazon's involvement [2]. - The company emphasized that the discussions with the prospective tenant remained "constructive" despite the termination of the Advance in Aid of Construction Agreement [2]. Group 2: Financial Impact - Following the announcement of a prospective tenant terminating a deal to help fund construction at its Texas site, Fermi's shares dropped by 34% [3]. - The terminated agreement would have allowed the customer to lease part of Fermi's Project Matador site in Texas and potentially provide up to $150 million for construction financing [3].