Core Viewpoint - Hagens Berman is notifying investors about a securities class action against Fermi Inc. regarding misleading information related to tenant demand and funding for its "Project Matador" AI campus [1][5]. Group 1: Class Action Details - The lead plaintiff deadline for the class action is set for March 6, 2026 [4]. - The class period for the lawsuit is from October 1, 2025, to December 11, 2025 [4]. - The core allegation involves overstated tenant demand and undisclosed risks associated with the primary anchor tenant [4][8]. Group 2: Stock Price Impact - Following the termination of the $150 million Advance in Aid of Construction Agreement by the First Tenant, Fermi's stock price dropped by 33.8% in a single day, closing at $10.09 per share, which is over 50% below its IPO price of $21.00 [6][9]. Group 3: Project Matador Overview - Fermi's "Project Matador" is described as a multi-gigawatt energy and data center development aimed at supporting the growing needs of AI [5]. - The company had previously highlighted an agreement with an investment-grade "First Tenant" as part of its IPO materials [5].
FRMI INVESTOR ALERT: Hagens Berman Notifies Fermi Inc. (FRMI) Investors of March 6 Deadline in Project Matador Securities Class Action