Company Overview - Fermi Inc. is an energy and AI infrastructure company [3] Allegations of Wrongdoing - Fermi completed its initial public offering (IPO) on September 30, 2025, selling approximately 32.5 million shares at $21.00 per share [4] - The offering documents indicated that Fermi had entered into a letter of intent with an investment-grade tenant for a long-term, triple-net lease at the Project Matador site [4] - In November 2025, Fermi announced that the tenant agreed to an Advance in Aid of Construction Agreement to provide up to $150 million for construction costs [4] Stock Price Impact - On December 12, 2025, Fermi disclosed that the tenant had terminated the Advance in Aid of Construction Agreement, although lease negotiations were still ongoing [5] - Following this announcement, Fermi's stock price fell over 33%, closing at $10.09 per share, significantly below the IPO price [5]
FRMI INVESTIGATION ALERT: Edelson Lechtzin LLP Announces an Investigation of Fermi Inc. (NASDAQ: FRMI) and Encourages Investors with Substantial Losses to Contact the Firm