Core Viewpoint - The Gross Law Firm has announced a class action lawsuit on behalf of shareholders of Fermi Inc. (NASDAQ: FRMI) who purchased shares during a specified class period, alleging that the company made materially false and misleading statements regarding its business operations and tenant demand for Project Matador [1][2]. Group 1: Allegations - The lawsuit claims that Fermi Inc. overstated tenant demand for its Project Matador campus [2] - It is alleged that the company failed to disclose the reliance on a single tenant's funding commitment for financing Project Matador [2] - There is a significant risk that the tenant could terminate its funding commitment, which was not disclosed [2] - As a result of these issues, the positive statements made by the defendants about the company's business and prospects were misleading [2] Group 2: Class Action Details - The class period for the lawsuit includes purchases made from October 1, 2025, to December 11, 2025, and those who acquired shares during the October 2025 initial public offering [1] - Shareholders are encouraged to register for the class action by March 6, 2026, to be eligible for potential recovery [3] - Participants will be enrolled in a portfolio monitoring system to receive updates on the case [3] Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4]
Investors in Fermi Inc. Should Contact The Gross Law Firm Before March 6, 2026 to Discuss Your Rights - FRMI