#USA #Securities Fraud #Berger Montague #Amarillo #Fermi Inc.

Important Class Action Notice Regarding Fermi Inc.

Background on Fermi Inc.
Fermi Inc. (NASDAQ: FRMI), headquartered in Amarillo, Texas, aims to revolutionize energy consumption with its innovative projects. The company is focused on creating an extensive network of grid-independent data centers powered by a mix of nuclear, natural gas, solar, and battery energies. Central to its operations is the ambitious "Project Matador," which aspires to establish the largest private energy campus in the world, specifically designed to support AI-driven data centers.

Class Action Lawsuit Overview
A notable development for investors in Fermi Inc. is the class action lawsuit filed by the national plaintiffs' law firm Berger Montague. This lawsuit pertains to securities fraud allegations. It specifically targets individuals who purchased or acquired shares of Fermi during the designated class period from October 1, 2025, to December 11, 2025, a time that included the company’s initial public offering.

According to the lawsuit, misleading information was disseminated by the defendants regarding the demand for tenants of the Project Matador and crucially, the status of funding necessary for its realization. Even more concerning is the allegation that it was not disclosed to investors that the construction financing for Project Matador was heavily dependent on commitments from a single tenant, who could potentially withdraw support, posing significant risks to the project's viability.

Impact of Revealed Information
The repercussions of these disclosures became evident on December 12, 2025, when Fermi announced that the primary tenant for Project Matador had terminated a significant agreement valued at $150 million. This agreement had been designed to assist with the construction costs of the facility. Investors reacted strongly to this news, leading to a plummet in Fermi's stock price, which fell by over 34%, closing at just $10.09 per share.

The situation has raised considerable concerns among investors regarding the transparency of Fermi's communications and the security of their investments. Recognizing the potential for significant loss, Berger Montague is now advising those who invested during the class period to consider their options seriously.

Next Steps for Investors
Investors who believe they are affected by this situation should act quickly. Interested parties must inquire by March 6, 2026, to be eligible for representation as a lead plaintiff of the class. Engaging with Berger Montague representatives is encouraged to discuss one's rights and the implications of the lawsuit.

To take action or to learn more about the lawsuit, potential claimants can reach out directly. Andrew Abramowitz, a Senior Counsel at Berger Montague, and Caitlin Adorni, a Director of Portfolio and Institutional Client Monitoring Services, are available for inquiries. They can be contacted via email or phone for further information or assistance.

About Berger Montague
Renowned for its expertise, Berger Montague is a leading law firm in the United States, specializing in complex civil litigation, including class actions and mass torts. With a long history of successful landmark cases, the firm prides itself on recovering billions for its clients over the decades. Their commitment to advocacy in various legal realms, such as securities, consumer protection, and environmental law, underscores their position as a formidable force in the legal landscape.

Final Thoughts
The unfolding situation with Fermi Inc. serves as a crucial reminder of the importance of investor awareness and vigilance. As the case progresses, affected investors are urged to stay informed and active in seeking to protect their interests during this turbulent period.