FRMI FINAL DEADLINE ALERT: Fermi Inc. Facing Securities Class Action Over IPO And Subsequent Disclosures -- Hagens Berman Accessibility Statement Skip NavigationFRMI Investors with Losses Encouraged to Contact Hagens Berman Before Mar. 6th DeadlineSAN FRANCISCO, March 5, 2026 /PRNewswire/ -- National shareholder rights law firm Hagens Berman is issuing an updated notice to investors in Fermi Inc. (NASDAQ: FRMI) regarding the March 6, 2026, lead plaintiff deadline in a pending securities class action against ...

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. for allegedly misleading investors about the demand for its Project Matador and the funding status during the Class Period from October 1, 2025, to December 11, 2025 [1][4] Group 1: Lawsuit Details - The lawsuit claims that Fermi did not disclose that the construction financing for Project Matador was heavily reliant on a single tenant's funding commitment, which posed a significant risk of termination [4] - Investors who purchased Fermi securities during the Class Period have until March 6, 2026, to seek appointment as lead plaintiff representatives [2] Group 2: Company Overview - Fermi, 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 - On December 12, 2025, Fermi disclosed that the first tenant for Project Matador had terminated a $150 million Advance in Aid of Construction Agreement, leading to a nearly 34% drop in share price, closing at $10.09 [5]

Shareholders of Fermi Inc. Should Contact Levi & Korsinsky Before March 6, 2026 to Discuss Your Rights - FRMI Accessibility Statement Skip NavigationNEW YORK, March 4, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Fermi Inc. ("Fermi Inc." or the "Company") (NASDAQ: FRMI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fermi Inc. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons an ...

Core Viewpoint - Fermi Inc. is facing a securities class action lawsuit alleging misrepresentation regarding the demand for its Project Matador AI data center and the stability of its primary tenant, following a significant drop in stock price after the termination of a key funding agreement [1]. Summary by Relevant Sections Allegations of Misrepresentation - The lawsuit claims that Fermi and its executives made misleading statements about the viability of Project Matador, particularly regarding tenant demand and funding commitments [1]. - The complaint highlights that Fermi's IPO materials may have created an inflated perception of demand to secure investor financing [1]. Impact of Tenant Agreement Termination - On December 12, 2025, Fermi announced the termination of a $150 million Advance in Aid of Construction Agreement (AICA) by its first tenant, leading to a nearly 34% drop in stock price in one day [1]. - Following the announcement, 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 [1]. Class Action Details - The class action seeks to represent investors who purchased Fermi's common stock during the IPO and those who acquired securities between October 1, 2025, and December 11, 2025 [1]. - The lawsuit alleges that Fermi concealed significant risks associated with relying on a single tenant for funding, which could jeopardize the project's financing [1].

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock drops 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, which includes claims of securities fraud under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Sections 11 and 15 of the Securities Act of 1933 [3][10]. - The lawsuit is pending in the U.S. District Court for the Southern District of New York, titled Lupia v. Fermi Inc., et al., No. 1:26-cv-00050 [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, with its flagship project being Project Matador [4]. - The company completed its IPO in October 2025, claiming strong demand for Project Matador and securing a 20-year lease agreement with an investment-grade-rated tenant [5]. Group 3: Allegations and Stock Impact - Allegations state that Fermi overstated tenant demand for Project Matador and misrepresented the agreement with the First Tenant [6]. - Following the announcement of the First Tenant's termination of the funding agreement on December 11, 2025, Fermi's stock dropped by $5.16 per share, over 33%, from $15.25 to $10.09 [7][10].

Core Viewpoint - Hagens Berman is notifying investors about a pending securities class action against Fermi Inc. related to misrepresentations regarding its Project Matador and its primary tenant's stability, with a lead plaintiff deadline set for March 6, 2026 [1][3]. Allegations of the Class Action - The litigation claims that Fermi misrepresented the demand for its Project Matador AI data center, leading to inflated expectations [3][8]. - It is alleged that Fermi's IPO materials created a misleading picture of demand to secure financing, particularly regarding the reliance on a single tenant for funding [4][8]. - The complaint highlights that on December 12, 2025, Fermi announced the termination of a $150 million Advance in Aid of Construction Agreement (AICA) by its first tenant, resulting in a nearly 34% drop in stock price [3][8]. Stock Performance - Following the announcement of the AICA termination, Fermi's stock price fell by 33.8% in one day, and by the time the class action lawsuit commenced, the stock had traded as low as $8.59 per share, marking a 59% decline from the IPO price of $21.00 per share [8]. Class Action Details - The class action seeks to represent investors who purchased Fermi shares during the October 2025 IPO or on the open market between October 1, 2025, and December 11, 2025 [8].

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, which is pending in the U.S. District Court for the Southern District of New York [3]. - The lawsuit alleges securities fraud 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]. - The case is titled Lupia v. Fermi Inc., et al., No. 1:26-cv-00050 [3]. Group 2: Company Background - Fermi Inc. is an energy and AI infrastructure company planning to build large-scale nuclear reactors to support grid-independent data centers for AI companies [4]. - The 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 announcement that the First Tenant terminated the funding agreement [7]. - The stock price fell from $15.25 per share on December 11, 2025, to $10.09 per share on December 12, 2025 [7].

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][4]. Group 1: Lawsuit Details - Investors have until March 6, 2026, to request to lead the case, which includes claims of securities fraud 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 [4][10]. - The lawsuit is pending in the U.S. District Court for the Southern District of New York, titled Lupia v. Fermi Inc., et al., No. 1:26-cv-00050 [4]. 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, with its flagship project being Project Matador [5]. - The company completed its IPO in October 2025, claiming strong demand for Project Matador and securing an agreement with a tenant for funding construction costs [6]. Group 3: Allegations and Stock Impact - Allegations state that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [7]. - Following the announcement of the First Tenant's termination of the funding agreement on December 11, 2025, Fermi's stock dropped by $5.16 per share, over 33%, from $15.25 to $10.09 [8][10].

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].

Core Viewpoint - Hagens Berman is notifying investors about a pending securities class action against Fermi Inc. related to misrepresentations regarding its Project Matador and the stability of its primary tenant [1][3]. Allegations - The litigation claims that Fermi misrepresented the demand for its Project Matador AI data center, leading to inflated expectations [3][8]. - The complaint highlights that Fermi's IPO materials allegedly created a misleading picture of demand to secure financing [4][8]. - It is alleged that Fermi's registration statement overstated the actual demand for Project Matador's capacity to attract higher valuations [8]. Key Events - On December 12, 2025, Fermi announced the termination of a $150 million Advance in Aid of Construction Agreement by its first tenant, which led to a nearly 34% drop in stock price [3][8]. - Following the announcement, 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 [8]. Class Action Details - The class action lawsuit seeks to represent investors who purchased Fermi shares during the October 2025 IPO and those who acquired shares between October 1, 2025, and December 11, 2025 [8]. - The lead plaintiff deadline for the class action is set for March 6, 2026 [1][7].