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Investor Alert: Fermi Inc. Class Action Lawsuit

Fermi Inc. (NASDAQ: FRMI) investors experiencing considerable financial losses now have a crucial opportunity. The law firm Robbins Geller Rudman & Dowd LLP has announced that individuals who acquired common stock of the company's stock during specific periods can apply to become the lead plaintiff in a class action lawsuit.

About the Class Action Lawsuit

The lead plaintiff process allows aggrieved investors to authoritatively represent their peers in the lawsuit titled, Lupia v. Fermi Inc., which is currently pending in the Southern District of New York. This lawsuit stems from events during the company's October 2025 initial public offering (IPO) and subsequent trading period, from October 1, 2025, to December 11, 2025. If you have suffered from significant investment losses, you must take action by March 6, 2026, to qualify as a lead plaintiff.

Fermi Inc., a company that claims to specialize in energy and AI infrastructure, sold nearly 37.4 million shares at $21.00 each during its IPO. However, allegations have surfaced that the company misrepresented key facts regarding its operations and financial stability. These include claims that Fermi exaggerated tenant demand for its Project Matador campus and misrepresented the extent to which they depended on a single tenant's financial backing for project completion.

Key Allegations

Specifically, the lawsuit asserts that Fermi failed to disclose crucial risks associated with their reliance on a major tenant's funding commitment. On December 12, 2025, they publicly acknowledged that the first tenant for their Project Matador AI campus terminated a $150 million funding agreement intended for construction costs. This revelation triggered a dramatic decline of almost 34% in Fermi’s stock price, dropping it to approximately $8.59 per share—representing a staggering 59% drop from the IPO price.

This situation underscores the legal premise upon which the lawsuit stands, specifically violations of the Securities Act of 1933 and the Securities Exchange Act of 1934, committed by Fermi, its top executives, and IPO underwriters.

How to Get Involved

If you believe you qualify, now is the time to act. Contact attorney J.C. Sanchez from Robbins Geller at 800-449-4900 or reach out via email at [email protected]. Additionally, detailed instructions and an opportunity to enter your information can be found on their website.

The potential for financial recovery exists, even if you do not serve as the lead plaintiff—simply being part of the class could entitle you to a share of any settlements reached.

About Robbins Geller

Robbins Geller Rudman & Dowd LLP is a distinguished law firm recognized globally for its advocacy in investor rights and securities fraud litigation. Ranking #1 for obtaining significant monetary recoveries over the last few years, the firm has amassed a formidable reputation, recovering over $2.5 billion in 2024 alone.
The firm operates with a team of around 200 lawyers in 10 offices, providing extensive legal representation to those affected by corporate wrongdoing, including some of the largest class action recoveries in history.

In closing, if you or someone you know has incurred losses from Fermi Inc., do not hesitate to pursue this opportunity to right a potential wrong. Mark your calendars for March 6, 2026, and consider joining the fight for fair treatment against corporate malfeasance.