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][4]. Summary by Relevant Sections Class Action Details - The lead plaintiff deadline for the Fermi class action is set for March 6, 2026 [3][8]. - The class period for the lawsuit covers purchases made from October 1, 2025, to December 11, 2025 [3][8]. - The core allegation involves overstated tenant demand and undisclosed risks associated with the primary anchor tenant [3][7]. 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 [5][8]. Project Matador Overview - Fermi's "Project Matador" is described as a multi-gigawatt energy and data center development aimed at supporting AI needs [4]. - The company had previously highlighted an agreement with an investment-grade tenant, which was a significant part of its IPO materials [4]. Investigation Insights - Hagens Berman is investigating whether Fermi's management was transparent about the status of Project Matador [6].
FRMI SHAREHOLDER NOTICE: Hagens Berman Notifies Fermi Inc. (FRMI) Investors of March 6 Deadline in Project Matador Securities Class Action