FRIDAY DEADLINE: Fermi Inc. Investors with Significant Losses Have Opportunity to Lead Class Action Lawsuit - RGRD Law

Core Viewpoint - The Fermi Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding its Project Matador, leading to significant financial losses for investors following the termination of a key funding agreement [3][4][5]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Lupia v. Fermi Inc., No. 26-cv-00050 (S.D.N.Y.), and it involves purchasers of Fermi's common stock during its IPO and the subsequent Class Period from October 1, 2025, to December 11, 2025 [1]. - Investors have until March 6, 2026, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit claims violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 by Fermi and its executives [1]. Group 2: Allegations Against Fermi - The lawsuit alleges that Fermi overstated tenant demand for its Project Matador campus and failed to disclose reliance on a single tenant's funding commitment [3]. - It is claimed that there was a significant risk of the tenant terminating its funding commitment, which was not disclosed to investors [3]. - On December 12, 2025, Fermi announced that the first tenant for Project Matador had terminated a $150 million funding agreement, causing the stock price to drop nearly 34% [4]. Group 3: Financial Impact - Following the termination of the funding agreement, Fermi's stock price fell to as low as $8.59 per share, representing a 59% decline from the IPO price of $21.00 per share [5]. - Fermi sold 37,375,000 shares at the IPO price of $21.00 per share in October 2025 [2]. Group 4: Legal Representation - Robbins Geller Rudman & Dowd LLP is leading the class action lawsuit and is recognized as a top firm in securities fraud litigation, having recovered over $916 million for investors in 2025 alone [7]. - The firm has a history of significant recoveries in securities class actions, including the largest recovery in history of $7.2 billion in the Enron case [7].