PHILADELPHIA, Feb. 23, 2026 (GLOBE NEWSWIRE) -- National plaintiffs’ law firm Berger Montague PC announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI) (“Fermi” or the “Company”) on behalf of investors who purchased or otherwise acquired Fermi securities during the period of October 1, 2025 through December 11, 2025 (the “Class Period”), including in the Company’s initial public offering on October 1, 2025. Investor Deadline: Investors who purchased Fermi securities during th ...

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. by Berger Montague PC on behalf of investors who acquired Fermi securities during the Class Period from October 1, 2025, to December 11, 2025, including its initial public offering on October 1, 2025 [1][2]. Company Overview - Fermi Inc. is headquartered in Amarillo, Texas, and aims to establish a network of large, grid-independent data centers powered by nuclear, natural gas, solar, and battery energy [2]. Lawsuit Allegations - The lawsuit claims that during the Class Period, Fermi misled investors about tenant demand for its Project Matador AI campus and the status of funding for that project [3]. - It is alleged that the construction financing for Project Matador was contingent on a single tenant's funding commitment, and there was a significant risk that this tenant could withdraw support, leading to public statements lacking a reasonable basis [3].

Core Viewpoint - Fermi Inc. is facing a federal securities class action lawsuit due to allegations of overstating tenant demand and reliance on a single tenant's funding for its Project Matador campus, with a deadline for investors to seek lead plaintiff status by March 6, 2026 [1][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Fermi securities between September 28, 2025, and December 11, 2025, alleging that the company misrepresented key aspects of its Project Matador [4]. - Specific allegations include overstating tenant demand, reliance on a single tenant's funding commitment, and the risk of that tenant terminating its funding [4]. - Following the termination of a $150 million funding agreement by the first tenant for Project Matador, Fermi's share price dropped by approximately 33.8%, from $15.25 to $10.09 on December 12, 2025 [5]. Group 2: Investor Actions - Investors who acquired Fermi securities are encouraged to contact Kirby McInerney LLP to discuss their rights and potential involvement in the class action lawsuit [2][7]. - The firm emphasizes that individual investors can be appointed as lead plaintiffs, influencing litigation strategy and settlement decisions [1]. Group 3: Company Background - Fermi Inc. began trading on NASDAQ at $21.00 per share following its Initial Public Offering on October 1, 2025 [5]. - Kirby McInerney LLP is a law firm specializing in securities litigation, with a history of achieving significant recoveries for shareholders [9].

Core Viewpoint - Fermi Inc. is facing a class action lawsuit due to alleged misleading statements and failures to disclose critical information during its IPO and subsequent trading period, leading to significant stock price declines [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Lupia v. Fermi Inc. and was filed in the Southern District of New York, charging Fermi and its executives with violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 [1][3]. - Investors who purchased Fermi common stock during the IPO or between October 1, 2025, and December 11, 2025, can seek appointment as lead plaintiff by March 6, 2026 [1][6]. - 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, which posed a significant risk [3][4]. Group 2: Financial Impact - Following the announcement that the first tenant for Project Matador terminated a $150 million funding agreement, Fermi's stock price dropped nearly 34% [4]. - The stock price has since fallen to as low as $8.59 per share, representing a 59% decline from the IPO price of $21.00 per share [5]. Group 3: Company Background - Fermi Inc. is described as an energy and AI infrastructure company, having sold 37,375,000 shares at $21.00 each during its October 2025 IPO [2][3]. - Robbins Geller Rudman & Dowd LLP, the law firm representing the investors, is noted for its significant recoveries in securities-related class action cases, having recovered over $2.5 billion for investors in 2024 alone [7].

Core Viewpoint - Fermi Inc. is facing a class action lawsuit due to alleged misleading statements and omissions regarding its business operations and the Project Matador AI campus, particularly concerning tenant demand and funding commitments [5]. Group 1: Company Overview - Fermi Inc. conducted its initial public offering (IPO) on October 1, 2025, selling 37,375,000 shares at a price of $21.00 per share [2]. - Following the IPO, Fermi's stock price has significantly declined, trading as low as $8.59 per share, representing a 59% decrease from the IPO price [4]. Group 2: Key Events - On December 12, 2025, Fermi announced that the first tenant for its Project Matador AI campus 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]. - The lawsuit alleges that Fermi overstated tenant demand and failed to disclose the reliance on a single tenant's funding commitment, which posed a significant risk to the project's financing [5]. Group 3: Legal Action - Investors who purchased Fermi securities during the class period (October 1, 2025, to December 11, 2025) have until March 6, 2026, to file a lead plaintiff motion in the class action lawsuit [1][6].

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. for allegedly misleading investors regarding tenant demand and funding commitments for its Project Matador campus, leading to significant financial losses for shareholders [4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased securities from September 28, 2025, to December 11, 2025, alleging that Fermi overstated tenant demand and the reliance on a single tenant's funding for Project Matador [4]. - The lawsuit claims there was a significant risk that the primary tenant would terminate its funding commitment, which ultimately occurred [4]. Group 2: Financial Impact - Fermi began trading on NASDAQ at $21.00 per share on October 1, 2025, but after the announcement of the termination of a $150 million funding agreement on December 12, 2025, the share price dropped by $5.16, or approximately 33.8%, closing at $10.09 [5].

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. on behalf of investors who acquired Fermi securities during the specified Class Period, alleging misleading statements regarding tenant demand and project funding [1][3]. Group 1: Lawsuit Details - The lawsuit targets Fermi Inc. for allegedly misleading investors about the demand for its Project Matador AI campus and the status of its funding [3]. - It is claimed that the construction financing for Project Matador was reliant on a single tenant's funding commitment, which posed a significant risk of withdrawal [3]. Group 2: Company Background - Fermi Inc. is headquartered in Amarillo, Texas, and aims to establish a network of large, grid-independent data centers powered by various energy sources including nuclear, natural gas, solar, and battery energy [2]. Group 3: Investor Information - Investors who purchased Fermi securities during the Class Period have until March 6, 2026, to seek appointment as lead plaintiff representatives [2].

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 - Purchasers of Fermi Inc. common stock during the IPO and the specified Class Period have until March 6, 2026, to seek appointment as lead plaintiff in the class action lawsuit [1]. - The lawsuit, titled Lupia v. Fermi Inc., is pending in the Southern District of New York and accuses Fermi and its executives of violating the Securities Act of 1933 and the Securities Exchange Act of 1934 [1][2]. 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 [3]. - It is alleged that there was a significant risk of the tenant terminating its funding commitment, which ultimately occurred, leading to a substantial drop in stock price [3][4]. Group 3: Financial Impact - Following the announcement that the first tenant for Project Matador had terminated a $150 million funding agreement, Fermi's stock price fell nearly 34% [4]. - The stock price has reportedly traded as low as $8.59 per share, representing a 59% decline from the IPO price of $21.00 per share [5].

Core Viewpoint - Fermi Inc. is facing a class action lawsuit due to allegations of securities fraud related to its Project Matador campus, with significant implications for investors who purchased shares during the specified class period [3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Fermi securities between September 28, 2025, and December 11, 2025, alleging that the company overstated tenant demand for its Project Matador campus [3]. - Allegations include the reliance on a single tenant's funding commitment for financing the construction of Project Matador and the risk of that tenant terminating its funding commitment [3]. - Fermi's share price dropped significantly after the announcement that the first tenant had terminated a $150 million funding agreement, leading to a decline of approximately 33.8% from $15.25 to $10.09 per share [4]. Group 2: Investor Actions - Investors who suffered losses on their Fermi investments have until March 6, 2026, to request lead plaintiff appointment, which is crucial for overseeing the litigation [2]. - Individual investors can be appointed as lead plaintiffs, influencing key decisions in the lawsuit [2]. - Interested parties are encouraged to contact Kirby McInerney LLP for more information regarding their rights and interests in the lawsuit [5].

Core Viewpoint - Robbins LLP is investigating allegations that Fermi Inc. misled investors regarding its business prospects, particularly related to its Project Matador campus [2]. Group 1: Allegations and Misleading Information - Fermi Inc. allegedly overstated tenant demand for its Project Matador campus [2]. - The company did not disclose the reliance on a single tenant's funding commitment for financing the construction of Project Matador [2]. - There was a significant risk that the tenant could terminate its funding commitment, which was not communicated to investors [2]. Group 2: Impact on Stock Price - On December 12, 2025, Fermi revealed that the first tenant for Project Matador had terminated its $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]. Group 3: Class Action Participation - Shareholders may be eligible to participate in the class action against Fermi Inc., with a deadline to submit papers to the court by March 6, 2026, for those wishing to serve as lead plaintiff [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4].