A class action lawsuit has been filed against Fermi Inc. and certain senior executives and directors, as well as underwriters of the company's initial public offering, alleging securities fraud. The complaint claims that Fermi overstated tenant demand for its Project Matador and misrepresented its agreement with the first tenant. The litigation follows a sharp decline in Fermi's stock price after the company disclosed that its first tenant had terminated an agreement, citing the expiration of an exclusivity period, which led to a 33 percent drop in the share price. Investors have until March 6, 2026, to seek appointment as lead plaintiff in the case, which is pending in the U.S. District Court for the Southern District of New York. The lawsuit asserts violations of federal securities laws on behalf of investors who purchased Fermi securities, including those who acquired shares through the initial public offering.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fermi Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602150625PRIMZONEFULLFEED9654176) on February 15, 2026, and is solely responsible for the information contained therein.