Core Viewpoint - A class action has been filed against Fermi Inc. for allegedly misleading investors regarding its business prospects, particularly related to its Project Matador campus [1][2]. Allegations - Fermi Inc. is accused of failing to disclose that it overstated tenant demand for its Project Matador campus [2] - The company did not adequately inform investors about its reliance on a single tenant's funding commitment for the construction of Project Matador [2] - There was a significant risk that the tenant could terminate its funding commitment, which was not disclosed to investors [2] Stock Price Impact - On December 12, 2025, Fermi announced that the first tenant for Project Matador had terminated a $150 million funding agreement, leading to a stock price drop of $5.16 per share, or 33.8%, closing at $10.09 [3] - By the time of the class action announcement, Fermi's stock had traded as low as $8.59 per share, representing a 59% decline from the IPO price of $21.00 per share [3] Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their papers by March 6, 2026, but participation is not required for recovery [4] - Shareholders can remain absent class members if they choose not to take action [4] Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5]

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. by Berger Montague on behalf of investors who acquired Fermi securities during the Class Period from October 1, 2025, to December 11, 2025, including its IPO on October 1, 2025 [1][2] Company Overview - Fermi Inc., based in Amarillo, Texas, aims to develop a network of large, grid-independent data centers powered by nuclear, natural gas, solar, and battery energy [3] Project Details - Fermi's flagship initiative, "Project Matador," is designed to create the world's largest private energy campus, providing dedicated power for AI data centers [3] Allegations in Lawsuit - The lawsuit claims that during the Class Period, Fermi misled investors about tenant demand for Project Matador and the project's funding status [4] - It is alleged 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] Impact of Tenant Termination - On December 12, 2025, Fermi announced 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 Fermi's share price, closing at $10.09 per share [5]

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP reminds investors of the upcoming March 6, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of Fermi Inc. ("Fermi†or the "Company†) (NASDAQ: FRMI) investors who purchased: (a) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement†) issued in connection with the Company's October 2025 initial public offering ("IPO†or the "Offering†); and/or ...

Core Viewpoint - The Fermi Inc. class action lawsuit alleges violations of securities laws related to its October 2025 IPO, with claims of misleading statements regarding tenant demand and funding commitments for its Project Matador campus [2][4]. Group 1: Class Action Details - The class action lawsuit is titled Lupia v. Fermi Inc., No. 26-cv-00050 (S.D.N.Y.) and involves Fermi, its executives, and IPO underwriters [2]. - Investors who purchased Fermi common stock during the IPO or between October 1, 2025, and December 11, 2025, can seek to be appointed as lead plaintiff by March 6, 2026 [1][7]. Group 2: Allegations Against Fermi - The lawsuit claims that Fermi overstated tenant demand for its Project Matador campus and failed to disclose reliance on a single tenant's funding commitment [4]. - It is alleged that there was a significant risk of the tenant terminating its funding commitment, which was not disclosed [4]. - On December 12, 2025, Fermi announced that the first tenant for Project Matador had terminated a $150 million funding agreement, leading to a nearly 34% drop in stock price [5]. Group 3: Stock Performance - Following the IPO, Fermi's stock price fell from $21.00 per share to as low as $8.59 per share, representing a 59% decline [6]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [8].

What Is This Lawsuit About? The lawsuit alleges that (1) the Company overstated its tenant demand for its Project Matador campus; (2) the extent to which Project Matador would rely on a single tenant's funding commitment to finance the construction of Project Matador; and (3) there was a significant risk that that tenant would terminate its funding commitment. [CONTACT THE FIRM IF YOU SUFFERED A LOSS] NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP announces that a class action lawsuit has be ...

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of Fermi Inc.("Fermi†or the "Company†) (NASDAQ: FRMI) investors who purchased: (a) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement†) issued in connection with the Company's October 2025 initial public offering ("IPO†or the "Offering†); and/or (b) securities between October 1, 2025 and December 11, 20 ...

Core Viewpoint - Fermi Inc. is facing a lawsuit from investors over alleged violations of Federal Securities Laws related to misleading statements made during its initial public offering and subsequent period, particularly concerning the demand for its Project Matador campus [4]. Group 1: Lawsuit Details - A lawsuit has been filed against Fermi Inc. by an investor regarding alleged false and misleading statements made in connection with the company's October 2025 IPO and the period from October 1, 2025, to December 11, 2025 [4]. - The plaintiff claims that Fermi Inc. overstated tenant demand for its Project Matador campus and failed to disclose significant risks associated with reliance on a single tenant's funding commitment [4]. - The lawsuit highlights that the termination of a $150 million funding agreement by the first tenant for Project Matador was not disclosed, which could materially mislead investors about the company's prospects [4]. Group 2: Financial Information - Fermi Inc. priced its initial public offering at $21.00 per share, offering a total of 32,500,000 shares [3]. - The deadline for investors who purchased shares in excess of $100,000 between October 1, 2025, and December 11, 2025, to take action is March 6, 2026 [2].

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects during its IPO and subsequent trading period [1][6]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of New York, under the case name Lupia v. Fermi, Inc., and is on behalf of individuals and entities that purchased Fermi's common stock during the IPO and the class period from October 1, 2025, to December 11, 2025 [1]. - The lawsuit claims violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1]. Group 2: IPO and Stock Performance - Fermi conducted its IPO on October 1, 2025, selling 37,375,000 shares at a price of $21.00 per share [3]. - Following the announcement of a significant tenant's termination of a $150 million funding agreement, Fermi's stock price dropped by $5.16, or 33.8%, closing at $10.09 on December 12, 2025 [4]. - By the time the lawsuit commenced, Fermi's stock had fallen to as low as $8.59 per share, representing a 59% decline from the IPO price [5]. Group 3: Allegations Against Defendants - The complaint alleges that Fermi's Registration Statement and statements made during the class period contained materially false and misleading information, including an overstatement of tenant demand for the Project Matador campus and reliance on a single tenant's funding commitment [6]. - It is claimed that the defendants failed to disclose the significant risk of the tenant terminating its funding commitment, which misled investors regarding the company's business and operational prospects [6].

NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] What Happened? On October 1, 2025, Fermi began trading on the NASDAQ at $21.00 per share following its Initial Public Off ...