1. Fermi Inc. is under investigation for potential securities law violations. 2. Investigation focuses on misleading information to investors by executives. 3. Recent tenant agreements have led to stock price decline over 33%. 4. Fermi's stock is currently below its IPO price of $21. 5. The law firm Robbins Geller is leading the investigation efforts.
FAQ
Why Very Bearish?
Fermi's stock plummeted 33% after the news of tenant withdrawal, indicating severe investor concern. Historical contexts show that similar investigations often lead to significant price drops.
How important is it?
The severity of the investigation and its immediate impact on Fermi's stock price make this news highly significant for investors and market analysts.
Why Short Term?
The immediate reaction to the news indicates short-term volatility, though long-term impacts depend on outcomes of the investigation. Past incidents suggest severe volatility during fraud allegations may stabilize once clarity arises.
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SAN DIEGO, Dec. 18, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Fermi Inc. (NASDAQ:FRMI) focused on whether Fermi and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.
If you have information that could assist in the Fermi investigation or if you are a Fermi investor who suffered a loss and would like to learn more, you can provide your information here:
https://www.rgrdlaw.com/cases-fermi-inc-investigation-frmi.html
You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.
THE COMPANY: Fermi is developing a large electric generation campus for AI data centers. On September 30, 2025, Fermi conducted its initial public offering, issuing approximately 32.5 million shares of common stock to the public at the offering price of $21.00 per share. The IPO's offering document represented that "[o]n September 19, 2025, [Fermi] entered into a letter of intent . . . with an investment grade-rated tenant (the 'First Tenant') to lease a portion of the Project Matador Site on a triple-net basis for an initial lease term of twenty years, with four renewal terms of five years each." In November 2025, Fermi further announced that the First Tenant entered into an Advance in Aid of Construction Agreement ("AICA"), pursuant to which the First Tenant agreed, subject to certain conditions, to advance up to $150 million to fund construction costs.
THE REVELATION: On December 12, 2025, Fermi revealed that "[o]n December 11, 2025, the First Tenant notified [Fermi] that it is terminating the AICA, but the parties continue to negotiate the terms of a lease agreement at Project Matador pursuant to the letter of intent." After this news, the price of Fermi stock fell more than 33%, closing at $10.09 per share – well below the IPO price.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
https://www.rgrdlaw.com/services-litigation-securities-fraud.html
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Contact:
Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
info@rgrdlaw.com
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SOURCE Robbins Geller Rudman & Dowd LLP