Core Viewpoint - Fermi Inc. is facing a class action lawsuit due to alleged violations related to its October 2025 IPO, with claims of misleading statements regarding tenant demand and funding commitments for its Project Matador campus [1][3][4]. Company Overview - Fermi Inc. is described as an energy and AI infrastructure company that conducted an IPO in October 2025, selling 37,375,000 shares at $21.00 per share [2]. Allegations of the Lawsuit - The lawsuit alleges that Fermi overstated tenant demand for its Project Matador campus and failed to disclose reliance on a single tenant's funding commitment, which posed a significant risk of termination [3]. - On December 12, 2025, Fermi disclosed that the first tenant for Project Matador had terminated a $150 million funding agreement, leading to a nearly 34% drop in stock price [4]. - By the time the lawsuit commenced, Fermi's stock price had fallen to as low as $8.59 per share, representing a 59% decline from the IPO price [5]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased Fermi common stock during the IPO or the class period to seek appointment as lead plaintiff in the lawsuit [6]. - The lead plaintiff will represent the interests of all class members and can choose a law firm for litigation [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7]. - The firm has a strong track record in obtaining significant recoveries in securities class action cases, including the largest recovery in history of $7.2 billion in the Enron case [7].
FRMI INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Fermi Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit