On June 30, Fermi Inc. declined 5.03% in regular trading, trading at $8.975/share, with turnover of $35.82 million.

On the news front, the stock came under pressure as the proxy fight between the company and former CEO Toby Neugebauer reached a critical juncture. Neugebauer had previously announced plans to hold a special shareholder meeting around June 30, and filed definitive proxy materials with the SEC in mid-June seeking to gain board control. Fermi's board sent a letter to shareholders urging them to revoke consent and return white revocation cards, while disputing Neugebauer's claims and arguing his actions could disrupt operational progress.

Adding to the downside pressure, the broader Data Center REITs sector experienced a widespread decline, with Digital Realty Trust falling 4.99%, Equinix down 3.21%, and Blackstone Digital Infrastructure Trust losing 1.52%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)