Core Viewpoint - A class action lawsuit has been filed against Fermi, Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects, particularly concerning the Project Matador campus [4][7]. Allegation Details - The lawsuit claims that Fermi overstated tenant demand for its Project Matador campus [4]. - It is alleged that the company did not adequately disclose its reliance on a single tenant's funding commitment for the construction of Project Matador [4]. - There is a significant risk that the tenant could terminate its funding commitment, which was not disclosed [4]. - As a result of these issues, the positive statements made by the defendants about the company's business were misleading and lacked a reasonable basis [4]. Next Steps - Investors who purchased Fermi shares and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [5][7]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is March 6, 2026 [7].
Bragar Eagel & Squire, P.C. Urges Fermi, Inc. (NASDAQ:FRMI) Stockholders With Large Losses to Contact the Firm for Information About Their Rights