FRMI SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of Fermi Inc. Investors – Contact Kirby McInerney LLP by March 6, 2026

NEW YORK–(BUSINESS WIRE)–Kirby McInerney LLP reminds investors who purchased Fermi Inc. (“Fermi” or the “Company”) (NASDAQ:FRMI) securities to contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests in the securities fraud class action lawsuit at no cost.

If you suffered a loss on your Fermi investments, you have until March 6, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. The lead plaintiff oversees the litigation on behalf of the class and may influence key decisions, including litigation strategy and settlement. Courts regularly appoint individual investors as lead plaintiffs, not only institutions.

Follow the link below for more information about the lawsuit:

[CONTACT THE FIRM IF YOU SUFFERED A LOSS]

What Is The Lawsuit About?

The lawsuit has been filed on behalf of investors who purchased securities during the period of September 28, 2025 through December 11, 2025, inclusive (“the Class Period”). 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.

On October 1, 2025, Fermi began trading on the NASDAQ at $21.00 per share following its Initial Public Offering. Then, on December 12, 2025, Fermi revealed that the first 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 price of Fermi shares declined by $5.16 per share, or approximately 33.8%, from $15.25 per share on December 11, 2025 to close at $10.09 on December 12, 2025.

[CLICK HERE TO LEARN MORE ABOUT THE CLASS ACTION]

What Should I Do?

If you purchased or otherwise acquired Fermi securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

[HOW CAN I PROTECT MY RIGHTS?]

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

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Contacts

Kirby McInerney LLP

Lauren Molinaro, Esq.

212-699-1171

https://www.kmllp.com
https://securitiesleadplaintiff.com/
investigations@kmllp.com