Group 1 - A class action lawsuit has been filed against Fermi Inc. on behalf of investors who acquired Fermi securities during the Class Period from October 1, 2025, to December 11, 2025 [1][2] - Fermi is headquartered in Amarillo, Texas, and aims to establish a network of large, grid-independent data centers powered by various energy sources, with its flagship project being "Project Matador" [3] - The lawsuit alleges that Fermi misled investors about tenant demand for Project Matador and the status of its funding, particularly regarding reliance on a single tenant's commitment [4] Group 2 - On December 12, 2025, Fermi disclosed that the first tenant for Project Matador had terminated a $150 million construction funding agreement, leading to a significant drop in Fermi's share price by nearly 34% [5] - Investors who purchased Fermi securities during the Class Period have until March 6, 2026, to seek appointment as lead plaintiff representatives [2]
ATTENTION: FRMI INVESTORS: Contact Berger Montague About a Fermi Inc. Class Action Lawsuit