Fermi Inc. Investors Urged to Act Before Key Deadline in Securities Class Action

Fermi Inc. (NASDAQ: FRMI) is currently facing scrutiny from investors as the national shareholder rights firm Hagens Berman announces a significant deadline looming for those affected by recent developments surrounding the company's Project Matador. Investors are being encouraged to take action before the March 6, 2026, cut-off for a lead plaintiff in what has become a notable securities class action.

The allegations concern misleading claims made by Fermi in its initial public offering (IPO) materials and subsequent disclosures. These communications are believed to have downplayed the essential risks associated with tenant demand and funding for Project Matador, an energy and data center development initiative touted by the company as crucial to meeting the needs of artificial intelligence (AI) advancements. The investigation into Fermi's actions gained traction following alarming announcements about tenant agreements.

On December 12, 2025, Fermi shocked investors by declaring that a prominent tenant had terminated a crucial $150 million construction funding agreement, causing a dramatic 33.8% drop in stock price within a single trading day. Despite an initial IPO price of $21.00 per share, the stock fell to just $10.09, marking a significant loss for many investors who had placed their trust in the company’s potential.

Lead plaintiff partner Reed Kathrein from Hagens Berman has emphasized the importance of transparency, voicing concerns regarding the adequacy of the information provided by Fermi’s management about Project Matador's status. This lawsuit, filed under the case title Lupia v. Fermi Inc., is centering its claims on the alleged failure to disclose critical information and risks associated with their AI campus initiative.

The critical details for potential lead plaintiffs are as follows: the deadline for filing as a lead plaintiff is set for March 6, 2026, and the class period in question runs from October 1, 2025, to December 11, 2025. Investors who have incurred significant losses during this timeframe, particularly those who purchased shares during or following the October 2025 IPO, are encouraged to reach out to Hagens Berman for more information.

Hagens Berman is also providing guidance for whistleblowers who might possess non-public information regarding the circumstances tied to Fermi. Participants in the SEC Whistleblower program may be eligible for substantial rewards for assisting in investigations, with potential rewards capped at 30% of any successful recovery made by the SEC.

For those with further inquiries about the ongoing investigation or the lead plaintiff process, Hagens Berman has set up a secure online platform for submitting trading information, alongside a dedicated contact email. Investors should act quickly to protect their interests and gather the right information as the deadline approaches.

In conclusion, Fermi Inc.'s tumultuous journey following the Project Matador allegations serves as a cautionary tale about investor diligence and the necessity for transparent communications from corporate leadership. As the March 6 deadline draws nearer, affected investors are prompted to engage proactively to safeguard their rights and potential recoveries in this unfolding scenario.