Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. regarding allegations of securities fraud and unlawful business practices following a significant drop in share price after its IPO [2][4]. Group 1: Lawsuit Details - The class action lawsuit concerns whether Fermi and certain officers and/or directors engaged in securities fraud or other unlawful business practices [2]. - Investors have until March 6, 2026, to request to be appointed as Lead Plaintiff if they purchased Fermi securities related to its IPO [2]. Group 2: IPO and Subsequent Developments - Fermi completed its IPO on October 1, 2025, offering 32.5 million shares at a price of $21.00 per share [4]. - On December 12, 2025, Fermi announced the termination of a $150 million Advance in Aid of Construction Agreement for its Project Matador data center, which negatively impacted investor confidence and share price [4].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Fermi Inc. of Class Action Lawsuit and Upcoming Deadlines - FRMI