Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drops linked to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit claims securities fraud under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as claims under Sections 11 and 15 of the Securities Act of 1933 [3]. - 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]. 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 suggest that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Group 4: Stock Price Impact - Following the termination of the Advance in Aid of Construction Agreement by the First Tenant on December 11, 2025, Fermi's stock dropped by $5.16 per share, over 33%, from $15.25 to $10.09 [7].

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drop attributed to potential violations of federal securities laws [1]. Group 1: Lawsuit Details - The lawsuit 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]. - 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]. 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 suggest that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Group 4: Stock Price Impact - On December 12, 2025, Fermi's stock dropped by $5.16 per share, over 33%, following the announcement that the First Tenant terminated the construction funding agreement [7].

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drop attributed to potential violations of federal securities laws [1][3]. Company Overview - 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 is Project Matador, designed to provide dedicated power for AI workloads [4]. 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 suggest that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Stock Price Impact - 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].

LOS ANGELES, Jan. 08, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Fermi, Inc., (“Fermi” or the "Company") (NASDAQ: FRMI) investors off a class action on behalf of investors that bought securities between February 26, 2025 and August 4, 2025, inclusive (the “Class Period”). agilon investors have until March 2, 2026 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or ...

NEW YORK, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Leading international securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI), certain of the Company’s senior executives and directors, and underwriters of Fermi’s Initial Public Offering after a significant stock drop resulting from potential violations of the federal securities laws. If you invested in Fermi, you are encouraged to obtain additional information by visiting: https://www ...

SAN FRANCISCO, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Hyperscaler development company Fermi Inc. (NASDAQ: FRMI) is facing a proposed securities class action stemming from its highly anticipated initial public offering completed just weeks before stunning the investment community with its December announcement that the prospective anchor tenant (“First Tenant”) for the company’s Project Matador (the company’s Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have ...

SAN FRANCISCO--(BUSINESS WIRE)--On December 12, 2025, investors in Fermi Inc. (NASDAQ: FRMI) saw the price of their shares crater about 33% after the company revealed that a prospective anchor tenant ("First Tenant†) for Fermi's Project Matador (the company's Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have advanced $150 million to help fund construction. The company has billed Matador as a multi-gigawatt energy and data center developmen. ...

Core Viewpoint - Fermi Inc. experienced a significant drop in share price, approximately 33%, following the termination of a $150 million agreement with a prospective anchor tenant for its Project Matador, which is aimed at developing an advanced energy and intelligence campus [1][5]. Company Overview - Fermi Inc. is developing Project Matador, a multi-gigawatt energy and data center campus designed to support AI infrastructure needs, positioning it as a pioneering energy campus for the AI revolution [2]. - The company raised nearly $784 million through the issuance of over 37 million shares at $21 per share on October 2, 2025 [2]. Recent Developments - The termination of the agreement by the First Tenant has led to an investigation by Hagens Berman, a national shareholders rights firm, to determine if Fermi misled investors regarding the strength of the tenant agreement [3][5]. - Prior to the termination, Fermi had assured investors in mid-November about the strength of the agreement, describing the First Tenant as a creditworthy counterparty and emphasizing the framework for cost reimbursement and prepayment [4]. Market Reaction - Following the announcement of the First Tenant's exit, Fermi's share price closed at $10.09 on December 12, 2025, which is nearly 52% lower than its IPO price [5]. - The market's swift reaction indicates investor disappointment and concerns over the company's transparency regarding its agreements [5].

Core Insights - Fermi Inc experienced a significant market cap loss of 50% following the termination of a $150 million funding agreement, with the stock dropping 40% pre-market [1][3] - Analysts have maintained their price targets for Fermi, indicating confidence in the company's fundamentals despite the stock's sharp decline [2][5] Funding Agreement and Market Reaction - The termination of the Advance in Aid of Construction agreement was perceived negatively by the market, interpreted as a sign of tenant withdrawal, although the filing suggests ongoing lease negotiations [3][6] - The market reaction may have been overly emotional, as the funding arrangement had not yet provided any actual capital to Fermi [3][6] Project Matador Status - Project Matador, the company's power asset, remains on track with secured land and ongoing construction, which is viewed as a competitive advantage [4][6] - The interconnection path to the grid is highlighted as a significant asset for the company [4] Analyst Sentiment - Major analysts, including Macquarie, UBS, Cantor Fitzgerald, and Stifel, have kept their price targets intact, suggesting that the underlying model of the company remains sound [5] - The current trading price in single digits does not reflect a loss of confidence in the company's long-term prospects [5] Execution and Future Outlook - While Fermi requires funding and successful execution of its Texas power project, the recent selloff is seen as a reaction to timing issues rather than a fundamental business threat [6] - If Project Matador's power generation comes online as scheduled, the recent market panic may be viewed as an overreaction [6]

Company Overview - Fermi America, co-founded by Rick Perry and Toby Neugebauer, aims to provide data and power centers for artificial intelligence [3][5] - The company was founded in January 2025 and has no revenue as of now [2][3] IPO Performance - Fermi America had a successful IPO, with shares closing at $32.53, up nearly 55% from the IPO price of $21 per share [2] - The stock price continued to rise, reaching a high of $39 per share overnight before settling around $37 [2] Project Matador - Fermi is working on Project Matador, which aims to develop a multi-gigawatt energy and data center campus, potentially the world's largest "HyperGrid" [3][5] - The project aims to deliver up to 11 gigawatts of power to AI data centers by 2038, with 1.1 gigawatts expected to be online by the end of 2026 [5] Funding and Future Prospects - Currently, Fermi has a lease for 5,236 acres of land from Texas Tech University and requires funding to start construction on Project Matador [5] - The successful IPO may provide some of the necessary funding, as investors view the startup as a lower-cost entry into the AI market [5][6] Market Context - The IPO's success may be attributed to the accessibility of Fermi's share price compared to larger AI companies like Meta Platforms and Oracle Corp, whose shares are priced significantly higher [6]