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, including nuclear, natural gas, solar, and battery energy [3] - The company's flagship project, "Project Matador," is designed to create the world's largest private energy campus dedicated to powering AI data centers [3] Group 2 - The lawsuit claims that investors became aware of Fermi's true prospects on December 12, 2025, when the first tenant for Project Matador terminated a $150 million agreement intended to cover construction costs [4] - Following the announcement, Fermi's shares dropped by $5.16, nearly 34%, closing at $10.09 per share on December 12, 2025 [4]
FERMI INC. (FRMI) INVESTOR ALERT: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action