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][6]. Summary by Relevant Sections Class Action Details - The lead plaintiff deadline for the class action is set for March 6, 2026 [2]. - The class period for the lawsuit is from October 1, 2025, to December 11, 2025 [2]. - The core allegation involves overstated tenant demand and undisclosed risks associated with the primary anchor tenant [2][6]. Stock Price Impact - Following the announcement of the termination of the AICA agreement by the First Tenant, Fermi's stock price dropped by 33.8% in a single day, falling to $10.09 per share, which is over 50% below its IPO price of $21.00 [4][7]. Project Matador Overview - Fermi's "Project Matador" is described as a multi-gigawatt energy and data center development aimed at supporting AI needs [3]. - The company had previously highlighted a $150 million Advance in Aid of Construction Agreement with an investment-grade tenant, which is now under scrutiny due to the tenant's exit [3][6]. Investigation Insights - Hagens Berman is investigating whether Fermi's management was transparent about the actual status of Project Matador [5].
FRMI INVESTOR NOTICE: Fermi Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit