On June 17, Fermi Inc. rose 5.52% in regular trading, trading at $8.805/share, with turnover of $35.72 million. The stock has been buoyed by an intensifying proxy contest that has driven significant volatility in recent sessions.

On the news front, the proxy battle at Fermi Inc. continues to escalate on multiple fronts. Toby Neugebauer has filed definitive proxy materials with the SEC seeking to convene a special shareholder meeting. 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 and ownership change disclosures in recent weeks, reflecting an active corporate governance struggle.

Fermi Inc., founded in 2025, is an advanced energy and hyperscale data center developer focused on AI infrastructure. Its flagship Matador project aims to integrate natural gas, nuclear, and solar energy to deliver off-grid computing capacity.

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