Core Viewpoint - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Fermi Inc., focusing on whether the company and its executives made false or misleading statements or failed to disclose material information to investors [1][2]. Company Overview - Fermi Inc. is developing a large electric generation campus for AI data centers. The company conducted its initial public offering (IPO) on September 30, 2025, issuing approximately 32.5 million shares at an offering price of $21.00 per share [2]. - The IPO's offering document indicated that Fermi entered into a letter of intent with an investment-grade-rated tenant to lease part of the Project Matador Site for an initial term of twenty years, with four renewal terms of five years each [2]. Recent Developments - On December 12, 2025, Fermi disclosed that the First Tenant had notified the company of the termination of the Advance in Aid of Construction Agreement (AICA) on December 11, 2025. However, negotiations for a lease agreement at Project Matador are ongoing [3]. - Following this announcement, Fermi's stock price fell more than 33%, closing at $10.09 per share, significantly below the IPO price [3].
FRMI ALERT: Investigation Launched into Fermi Inc., Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm