#USA #New York #Class Action #Pomerantz LLP #Fermi Inc.

Pomerantz Law Firm Initiates Class Action Lawsuit Against Fermi Inc.

In a significant legal development, Pomerantz LLP has announced the filing of a class action lawsuit against Fermi Inc. (NASDAQ: FRMI), marking a crucial juncture for investors who may have suffered financial losses associated with their investments in the company. This lawsuit arises in light of recent disclosures that have raised serious concerns about potential securities fraud and the business practices of Fermi and its management team.

Background of the Case

The class action lawsuit centers around allegations that Fermi Inc. and certain officers or directors may have engaged in unlawful activities affecting shareholder interests. Specifically, the timeline of events is particularly telling. Following the company’s initial public offering (IPO) on October 1, 2025, where 32.5 million shares were sold at a price of $21.00 each, investors were buoyed by hopes for a promising future. However, the optimism was short-lived.

In a shocking turn of events, on December 12, 2025, Fermi announced that the anticipated first tenant for its Project Matador data center campus had decided to terminate a significant $150 million agreement that was intended to fund construction costs for the facility. This development served to undermine investor confidence and has been cited as a key factor leading to a substantial drop in Fermi's share price since its IPO. Experts are now assessing the repercussions of this decline, which has severely impacted investor portfolios.

Upcoming Deadlines

The Pomerantz Law Firm is keen to inform affected investors that there are upcoming deadlines to consider. Those who purchased or acquired Fermi securities during or traceable to its IPO are encouraged to get in touch with the firm by March 6, 2026, if they wish to apply for the role of Lead Plaintiff. Potential plaintiffs should reach out to Danielle Peyton at [email protected] or call 646-581-9980. When contacting the firm, it's recommended to include your mailing address, phone number, and details about the number of shares purchased.

About Pomerantz LLP

Pomerantz LLP has a long-standing reputation as a leading firm in corporate, securities, and antitrust class litigation. Founded by Abraham L. Pomerantz, the firm has a legacy of pursuing the rights of victims suffering from securities fraud, corporate misconduct, and breaches of fiduciary duty. Over its existence, Pomerantz has secured numerous multimillion-dollar settlements on behalf of class members, showcasing its commitment to seeking justice for investors.

With offices in major cities, including New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, Pomerantz continues its battle against securities fraud in a robust manner. They encourage those affected by the recent downturn associated with Fermi’s business practices to consider their legal options as they navigate this turbulent time.

Conclusion

As the class action lawsuit proceeds, details on membership in this suit continue to emerge. For investors in Fermi Inc., now is a pivotal moment to understand their rights and options as they navigate potential recovery avenues. For further information and to view the full complaint, investors can visit Pomerantz's official website. Stay informed and proactive during this critical period as developments unfold in this case.

Contact Information

For those seeking more information or assistance regarding this class action lawsuit, please contact Danielle Peyton at Pomerantz LLP: 646-581-9980 ext. 7980 or email [email protected]