On June 16, Fermi Inc. rose 5.55% in regular trading, trading at $7.835/share, with turnover of approximately $100 million.

On the news front, the company is experiencing an intensifying proxy contest. Toby Neugebauer has filed definitive proxy materials with the SEC seeking to convene a special shareholder meeting for Fermi Inc. In response, the Fermi board issued an urgent appeal to all shareholders, recommending they return white consent revocation cards to protect their investments. The company has also seen a flurry of non-management proxy statement filings, significant ownership change disclosures, and proposed securities sale documents in recent weeks, all indicating an active proxy battle for corporate control.

Fermi Inc., founded in 2025, is an advanced energy and hyperscale data center development company focused on AI infrastructure needs. Its core Matador project aims to integrate natural gas, nuclear, and solar energy to deliver computing power independent of the grid.

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