A class action lawsuit has been filed against Fermi Inc., its senior executives, directors, and underwriters following a significant drop in the company’s stock price. The litigation alleges that Fermi overstated tenant demand for its Project Matador and misrepresented details of its agreement with the First Tenant. The situation escalated after Fermi revealed that the First Tenant had terminated its agreement with the company, leading to a sharp decline in Fermi’s share price by more than 33 percent on December 12, 2025. Investors who purchased Fermi stock, particularly those who acquired shares during the company’s Initial Public Offering, may be eligible to join the lawsuit. The case is currently pending in the U.S. District Court for the Southern District of New York.

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: 9654070) on February 13, 2026, and is solely responsible for the information contained therein.