Core Viewpoint - The Fermi Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding its Project Matador, leading to significant financial losses for investors following the termination of a key funding agreement [3][4][5]. Group 1: Class Action Lawsuit Details - The lawsuit is titled Lupia v. Fermi Inc., No. 26-cv-00050 (S.D.N.Y.), and it allows investors who purchased Fermi common stock during the IPO or between October 1, 2025, and December 11, 2025, to seek appointment as lead plaintiff by March 6, 2026 [1][6]. - Fermi's IPO in October 2025 involved the sale of 37,375,000 shares at a price of $21.00 per share [2]. - The lawsuit claims that Fermi overstated tenant demand for its Project Matador campus and failed to disclose reliance on a single tenant's funding commitment [3]. Group 2: Financial Impact - On December 12, 2025, Fermi announced that the first tenant for its Project Matador AI campus had terminated a $150 million funding agreement, resulting in a nearly 34% drop in the stock price [4]. - By the time the class action lawsuit commenced, Fermi's stock price had fallen to as low as $8.59 per share, representing a 59% decline from the IPO price [5]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is leading the class action lawsuit and is recognized as a top law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7].
FRMI INVESTOR DEADLINE: Fermi Inc. Investors with Substantial Losses Have Opportunity to Lead the Fermi Class Action Lawsuit