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, including during its IPO on October 1, 2025 [1][2] - The lawsuit alleges that Fermi misled investors about tenant demand for its Project Matador campus and the status of funding for the project, failing to disclose that construction financing relied heavily on a single tenant's commitment [4] - Fermi's first tenant for the Project Matador AI campus terminated a $150 million Advance in Aid of Construction Agreement on December 12, 2025, leading to a nearly 34% drop in Fermi's share price, closing at $10.09 per share [5] Group 2 - Fermi, based in Amarillo, Texas, aims to establish a network of large, grid-independent data centers powered by various energy sources, with its flagship project, Project Matador, intended to be the world's largest private energy campus dedicated to AI data centers [3]
CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Fermi Inc. (FRMI) Investors to Inquire About a Securities Fraud Class Action by March 6, 2026