Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock drop attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - Investors have until March 6, 2026, to request to lead the case in the lawsuit titled Lupia v. Fermi Inc., et al., pending in the U.S. District Court for the Southern District of New York [3][12]. - The complaint includes securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Sections 11 and 15 of the Securities Act of 1933 [3]. Group 2: Company Background - Fermi Inc. is an energy and AI infrastructure company aiming to build large-scale nuclear reactors to support grid-independent data centers for AI companies [4]. - The company's flagship project, Project Matador, is designed to provide dedicated power for AI workloads [4]. Group 3: IPO and Allegations - Fermi completed its IPO in October 2025, claiming strong demand for Project Matador and securing a 20-year lease with an investment-grade-rated tenant [5]. - Allegations state that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Group 4: Stock Performance - On December 12, 2025, Fermi's stock dropped by $5.16 per share, over 33%, following the termination of the Advance in Aid of Construction Agreement by the First Tenant [7][12].
$FRMI Securities: BFA Law Notifies Fermi Inc. Investors that Suffered Losses of the Important March 6 Securities Class Action Deadline