Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. on behalf of investors who acquired Fermi securities during the specified class period, highlighting potential issues with the company's disclosures and performance [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to investors who purchased Fermi securities from October 1, 2025, to December 11, 2025, including during the company's initial public offering [1]. - Investors have until March 6, 2026, to seek appointment as lead plaintiff representatives of the class [2]. - The lawsuit claims that investors were misled about Fermi's prospects, particularly after the termination of a significant agreement related to Project Matador [4]. Group 2: Company Overview - Fermi Inc., based in Amarillo, Texas, 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 flagship initiative, "Project Matador," is designed to create the world's largest private energy campus dedicated to powering AI data centers [3]. Group 3: Financial Impact - Following the announcement of the termination of a $150 million agreement for Project Matador, Fermi's stock price dropped by $5.16, nearly 34%, closing at $10.09 per share on December 12, 2025 [4].
Fermi Inc. (FRMI) Deadline Approaching: Berger Montague Advises Investors of Deadline in Securities Fraud Lawsuit