Core Viewpoint - Fermi Inc. is facing potential legal claims due to allegations of misleading statements regarding its Project Matador campus and tenant commitments, which have led to significant stock price declines following the termination of a key funding agreement [5][8]. Group 1: Company Overview - Fermi Inc. (NASDAQ: FRMI) completed its initial public offering on October 1, 2025, offering approximately 32.5 million shares at $21.00 per share [6]. - The company aimed to develop a large electric generation campus for AI data centers and had identified a significant tenant for its Project Matador site [6]. Group 2: Legal Issues - The complaint against Fermi alleges violations of federal securities laws, including overstating tenant demand and failing to disclose risks related to funding commitments for Project Matador [5]. - The First Tenant had initially agreed to advance up to $150 million for construction costs but terminated this agreement on December 11, 2025, leading to a market reaction that saw Fermi's stock price drop over 33% to $10.09 per share [7][8]. Group 3: Investor Actions - Faruqi & Faruqi, LLP is encouraging investors who suffered losses to contact them to discuss their legal options, with a deadline of March 6, 2026, to seek the role of lead plaintiff in a federal securities class action [2][10].
SHAREHOLDER DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fermi