Core Viewpoint - Fermi Inc. is facing a federal securities class action lawsuit due to allegations of misleading statements regarding its Project Matador campus and tenant demand, which has led to significant financial losses for investors [4][7]. Company Overview - Fermi Inc. completed its initial public offering (IPO) on October 1, 2025, offering approximately 32.5 million shares at $21.00 per share, with plans to develop a large electric generation campus for AI data centers [5]. - The company had identified a "First Tenant" for its Project Matador site, which was expected to provide a stable funding source [5]. Legal Issues - The lawsuit claims that Fermi and its executives violated federal securities laws by making false or misleading statements about tenant demand and the reliance on a single tenant's funding commitment for Project Matador [4]. - The First Tenant had agreed to advance up to $150 million for construction costs but terminated this agreement on December 11, 2025, leading to a more than 33% drop in Fermi's stock price, closing at $10.09 per share [6][7]. Investor Actions - Investors who purchased Fermi securities during the IPO or within the class period (October 1, 2025, to December 11, 2025) are encouraged to contact Faruqi & Faruqi, LLP to discuss their legal rights and options [2][8].

Core Viewpoint - Fermi Inc. is facing a federal securities class action due to allegations of misleading statements regarding its Project Matador campus and tenant commitments, leading to significant investor losses following the termination of a key funding agreement [5][8]. Group 1: Company Overview - Fermi Inc. (NASDAQ: FRMI) completed its IPO on October 1, 2025, offering approximately 32.5 million shares at $21.00 per share, with plans to develop a large electric generation campus for AI data centers [6]. - The registration statement highlighted a "First Tenant" for the Project Matador site, which was expected to lease a portion of the site under a long-term agreement [6]. Group 2: Allegations and Legal Actions - The complaint against Fermi alleges that the company overstated tenant demand and relied heavily on a single tenant's funding commitment, which posed a significant risk of termination [5]. - On December 12, 2025, Fermi disclosed that the First Tenant had terminated the Advance in Aid of Construction Agreement, which was crucial for funding the Project, resulting in a stock price drop of over 33% to $10.09 per share [8]. Group 3: Investor Actions - Faruqi & Faruqi, LLP is encouraging investors who suffered losses during the class period from October 1, 2025, to December 11, 2025, to discuss their legal options [2][10]. - The deadline for investors to seek the role of lead plaintiff in the class action is March 6, 2026 [2].