Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a shareholder and consumer rights litigation firm, is investigating whether Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI) or certain of its officers and directors issued misleading and false statements and/or failed to disclose information material to investors in violation of federal securities laws.
Fermi seeks to deliver energy to power next-generation artificial intelligence technologies.
On October 1, 2025, Fermi began trading on the NASDAQ at $21.00 per share following its Initial Public Offering (“IPO”). Then, on December 12, 2025, Fermi revealed that a tenant for the Company’s anticipated Project Matador AI campus had terminated its $150 million Advance in Aid of Construction Agreement, which would have supplied construction costs for the facility.
On this news, the Company’s stock price fell $5.16 per share, or 33.8%, to close at $10.09 on December 12, 2025, a more than 50% decline from the Company’s IPO price of $21.00 per share.
If you have purchased Fermi common stock, and have suffered a loss, realized or unrealized, and you wish to discuss this investigation, please contact attorney Mandeep S. Minhas at (888) 398-9312 or at [email protected].
CONTACT:
Mandeep S. Minhas
Scott+Scott Attorneys at Law LLP
230 Park Avenue, 24th Floor, New York, NY 10169
(888) 398-9312