#United States #IPO #Fermi America #HyperGrid #Amarillo, Texas

Fermi America™ Files Registration for Initial Public Offering

Fermi America, a pioneering company dedicated to revolutionizing energy distribution, has recently taken a significant step toward initiating its Initial Public Offering (IPO). The company has submitted a Registration Statement on Form S-11 to the U.S. Securities and Exchange Commission (SEC) to facilitate this process. This move is notable in light of Fermi’s ambitious project aimed at developing the world’s largest private grid campus. This facility is designed to meet the surging power demands associated with artificial intelligence (AI) technologies.

The planned campus, often referred to as the HyperGrid™ Project, signifies a transformative shift in the way energy is generated and distributed, specifically targeting the needs of hyperscale AI applications. Despite the promising outlook, specific details regarding the number of shares to be offered and their pricing are still under consideration. Fermi America intends to list its shares on the Nasdaq Global Select Market under the ticker symbol "FRMI."

Collaboration with Industry Leaders

Fermi America has appointed UBS Investment Bank, along with Cantor and Mizuho, as joint lead book-running managers for the proposed IPO. Additionally, notable firms such as Macquarie Capital, Stifel, and Truist Securities will serve as supplementary book-running managers. This collaboration with leading financial institutions underscores the confidence in Fermi's vision and the technical advancement the HyperGrid™ represents.

The forthcoming public offering is expected to attract considerable interest from investors, particularly those keen to support innovative solutions to the increasing energy demands driven by AI technologies. The HyperGrid™ will incorporate a mix of energy sources, including nuclear, natural gas, solar power, and battery energy storage systems, establishing a resilient backbone for AI computing.

Future Prospects and Technological Innovation

Founded by notable figures in the energy sector, including former U.S. Energy Secretary Rick Perry and energy entrepreneur Toby Neugebauer, Fermi America is dedicated to building next-generation electric grids capable of delivering high redundancy and immense power at a gigawatt scale. This infrastructure aims to support the complexities and power requirements of future AI applications, positioning Fermi at the forefront of the evolving energy landscape.

In a sector characterized by constant innovation, Fermi America’s approach combines advanced technology with expertise from a diverse array of leaders in the field, determining a solid foundation to tackle future energy challenges. The HyperGrid™ campus is not only poised to be the largest of its kind in North America but also represents a pivotal shift in energy policy and infrastructure that could redefine the energy landscape.

Conclusion

As the proposed IPO progresses, Fermi America stands at a crucial junction, aiming to secure investment that will fuel its transformative vision for energy and AI. The company’s focus on creating a sophisticated grid that caters to modern technological needs exemplifies the potential for sustainable, innovative energy solutions that cater to the demands of an increasingly wired world. Interested stakeholders can look out for a preliminary prospectus which will provide more information once available, as Fermi America continues its journey toward becoming a public entity poised for significant contributions to the energy field.

This move marks not just the launch of a public offering but the potential beginning of a new era in energy management and technological evolution, solidifying Fermi America’s role in powering the future of AI.

For more information, contact UBS Securities LLC, or follow updates as they become available.

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