Core Viewpoint - Fermi Inc. is facing a lawsuit from investors over alleged violations of Federal Securities Laws related to misleading statements made during its initial public offering and subsequent period, particularly concerning the demand for its Project Matador campus [4]. Group 1: Lawsuit Details - A lawsuit has been filed against Fermi Inc. by an investor regarding alleged false and misleading statements made in connection with the company's October 2025 IPO and the period from October 1, 2025, to December 11, 2025 [4]. - The plaintiff claims that Fermi Inc. overstated tenant demand for its Project Matador campus and failed to disclose significant risks associated with reliance on a single tenant's funding commitment [4]. - The lawsuit highlights that the termination of a $150 million funding agreement by the first tenant for Project Matador was not disclosed, which could materially mislead investors about the company's prospects [4]. Group 2: Financial Information - Fermi Inc. priced its initial public offering at $21.00 per share, offering a total of 32,500,000 shares [3]. - The deadline for investors who purchased shares in excess of $100,000 between October 1, 2025, and December 11, 2025, to take action is March 6, 2026 [2].
Lawsuit ALERT: Investors who lost over $100,000 with shares of Fermi Inc. (NASDAQ: FRMI) between October 2025 and December 2025 should contact the Shareholders Foundation