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 failing to disclose reliance on a single tenant's funding commitment [4] Group 2 - On December 12, 2025, Fermi disclosed that the first tenant for Project Matador had terminated a $150 million agreement, leading to a nearly 34% drop in share price, closing at $10.09 [5] - Investors have until March 6, 2026, to seek appointment as lead plaintiff representative of the class [2]
INVESTOR REMINDER: Berger Montague Notifies Fermi Inc. (FRMI) Investors of a Class Action Lawsuit and Deadline