Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. by Berger Montague PC on behalf of investors who acquired Fermi securities during the Class Period from October 1, 2025, to December 11, 2025, including its IPO on October 1, 2025 [1][2] Group 1: Lawsuit Details - The lawsuit alleges that Fermi misled investors about tenant demand for its Project Matador AI campus and the status of funding for that project [3] - It is claimed that the construction financing for Project Matador was reliant on a single tenant's funding commitment, which posed a significant risk of withdrawal [3] - Defendants' public statements are alleged to have lacked a reasonable basis due to these concealed risks [3] Group 2: Company Overview - Fermi Inc. is headquartered in Amarillo, Texas, and aims to establish a network of large, grid-independent data centers powered by nuclear, natural gas, solar, and battery energy [2] - The law firm Berger Montague has a strong track record in complex civil litigation, having recovered over $50 billion for clients over its 55-year history [5]
STOCKHOLDER ALERT: Pending Securities Fraud Lawsuit Against Fermi Inc. (FRMI)