Group 1 - A class action lawsuit has been filed against Fermi Inc. for allegedly misleading investors about tenant demand and funding status for its Project Matador campus during the Class Period from October 1, 2025, to December 11, 2025 [1] - The lawsuit claims that Fermi did not disclose the reliance on a single tenant's funding commitment for construction financing, which posed significant risks [1] - Following the termination of a $150 million funding agreement by the first tenant on December 12, 2025, Fermi's shares dropped by nearly 34%, closing at $10.09 per share [1] Group 2 - Fermi Inc. is headquartered in Amarillo, Texas, and aims to establish a network of large, grid-independent data centers powered by various energy sources, including nuclear and solar [1] - The company's flagship project, Project Matador, is intended to be the world's largest private energy campus dedicated to AI data centers [1] - Berger Montague, the law firm representing the investors, has a strong track record in complex litigation and has recovered over $50 billion for clients over its 55 years of operation [1]
FERMI INC. (NASDAQ: FRMI) CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action by March 6, 2026