Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. alleging that the company overstated tenant demand and relied heavily on a single tenant's funding for its Project Matador campus, which poses significant risks to its financing commitments [1][2]. Group 1: Lawsuit Details - The lawsuit covers investors who acquired Fermi securities from September 28, 2025, to December 11, 2025, and claims that the company misrepresented key aspects of its Project Matador [1]. - Allegations include overstating tenant demand, reliance on a single tenant's funding commitment, and the risk of that tenant terminating its funding [1]. - The lawsuit allows investors who suffered losses to request lead plaintiff appointment by March 6, 2026 [1]. Group 2: Stock Performance - Fermi began trading on NASDAQ at $21.00 per share on October 1, 2025 [2]. - Following the announcement of the termination of a $150 million funding agreement by the first tenant for Project Matador, Fermi's share price dropped by $5.16, or approximately 33.8%, closing at $10.09 on December 12, 2025 [2]. Group 3: Lead Plaintiff Process - The lead plaintiff appointment process allows any investor who acquired eligible securities during the class period to seek appointment, with courts typically favoring those with the largest financial loss [3]. - Lead plaintiffs can influence case strategy, settlement decisions, and allocation of settlement funds among class members [3].