Fermi Inc. Faces Securities Fraud Lawsuit Over Project Matador Disclosures

Reuters

Feb 09

<a href="https://laohu8.com/S/FRMI">Fermi Inc.</a> Faces Securities Fraud Lawsuit Over Project Matador Disclosures

A class action lawsuit has been filed against Fermi Inc., a company based in Amarillo, Texas, that develops grid-independent data centers powered by nuclear, natural gas, solar, and battery energy. The lawsuit covers investors who acquired Fermi securities between October 1, 2025, and December 11, 2025, including shares purchased during the company's initial public offering. The complaint alleges that Fermi misled investors about tenant demand for its Project Matador AI campus and the status of construction funding. It further claims that the company concealed the fact that financing for Project Matador depended on a single tenant's funding commitment, putting the project at significant risk if the tenant withdrew support. Investors have until March 6, 2026, to seek appointment as a lead plaintiff in the case.

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 Newsfile (Ref. ID: 283038) on February 09, 2026, and is solely responsible for the information contained therein.

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Faces Securities Fraud Lawsuit Over Project Matador Disclosures","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/FRMI\">Fermi Inc.</a> Faces Securities Fraud Lawsuit Over Project Matador Disclosures\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        A class action lawsuit has been filed against Fermi Inc., a company based in Amarillo, Texas, that develops grid-independent data centers powered by nuclear, natural gas, solar, and battery energy. The lawsuit covers investors who acquired Fermi securities between October 1, 2025, and December 11, 2025, including shares purchased during the company's initial public offering. 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Faces Securities Fraud Lawsuit Over Project Matador Disclosures\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-02-09 22:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/FRMI\">Fermi Inc.</a> Faces Securities Fraud Lawsuit Over Project Matador Disclosures\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        A class action lawsuit has been filed against Fermi Inc., a company based in Amarillo, Texas, that develops grid-independent data centers powered by nuclear, natural gas, solar, and battery energy. 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