#USA #stock offering #Amarillo #IPO #Fermi America

Fermi America Announces Initial Public Offering Pricing

Fermi Inc., widely known as Fermi America, has made headlines by announcing the pricing of its initial public offering (IPO). The company is set to offer 32,500,000 shares of its common stock at a price of $21.00 per share. This IPO is seen as a transformative event for the company as it seeks to expand its innovative initiatives in electric grid technology, which are vital for powering next-generation artificial intelligence applications.

In addition to the base offering, Fermi America has granted underwriters a 30-day option to purchase up to an additional 4,875,000 shares. This strategic move is intended to accommodate investor interest and potentially enhance the capital raised through the IPO.

Trading Timeline

The shares of Fermi America's common stock are anticipated to begin trading on the Nasdaq Global Select Market on October 1, 2025. Following this, they will also be listed on the London Stock Exchange starting October 2, 2025 under the ticker symbol FRMI. The closing of the offering is expected to take place the same day unless standard closing conditions are not met.

A consortium of financial institutions, including UBS Investment Bank, Evercore ISI, Cantor, and Mizuho, have taken on the roles of book-running managers for this substantial offering. The involvement of reputable financial entities underscores the anticipated success of the offering, given Fermi's innovative approach to energy solutions.

Regulatory Approval

Fermi America has duly filed a registration statement related to this public offering with the Securities and Exchange Commission, which has been declared effective. The actual sale of the shares will be conducted solely based on the formal prospectus that will be available to potential investors.

Media Inquiries and Contact Information

For those interested in obtaining copies of the final prospectus when it becomes available, requests can be made through different channels provided by UBS Securities, Evercore Group, Cantor Fitzgerald, and Mizuho Securities. Each institution offers contact details ranging from emails to phone numbers for inquiries related to the offering.

About Fermi America

Fermi America stands at the forefront of electric grid innovation, focused on the development of next-generation grids capable of delivering highly redundant power at gigawatt scale. The establishment aims to facilitate the demands of advanced AI applications. Co-founded by prominent figures such as Rick Perry, former U.S. Energy Secretary, and Toby Neugebauer, a leading figure in energy investments, the company plans to merge state-of-the-art technology with the expertise of seasoned leaders from various sectors.

The groundbreaking campus aims to integrate some of the largest energy sources in the U.S., combining nuclear power complexes, natural gas, solar energy, and advanced battery storage systems. This multifaceted energy approach is intended to support the vast energy demands necessary for powering large-scale AI models and applications efficiently.

In summary, Fermi America's successful initial public offering will not only support its financial foundation for future projects but will also signify a critical step in revolutionizing energy distribution for cutting-edge technologies. As this initiative unfolds, the market will be watching closely to see how Fermi redefines energy solutions and supports the evolving landscape of artificial intelligence and digital transformation.