Company Announcements

PHILADELPHIA , March 2, 2026 /PRNewswire/ -- National plaintiffs' law firm Berger Montague PC announces that a class action lawsuit has been filed againstFermi Inc. (NASDAQ: FRMI) ("Fermi" or the "Company") on behalf of investors who purchased or otherwise acquired Fermi securities during the period of October 1, 2025 through December 11, 2025 (the "Class Period"), including in the Company's initial public offering on October 1, 2025.

Investor Deadline: Investors who purchased Fermi securities during the Class Period may, no later than March 6, 2026, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.

Headquartered in Amarillo, Texas, Fermi plans to create a network of large, grid-independent data centers powered by nuclear, natural gas, solar, and battery energy.

The lawsuit alleges that during the Class Period, defendants misled investors regarding tenant demand for the Company's Project Matador AI campus and the status of funding for that project.

The complaint further alleges that defendants concealed that Project Matador's construction financing was dependent on a single tenant's funding commitment and that there was a significant risk the tenant could withdraw its support. As a result, defendants' public statements allegedly lacked a reasonable basis.

If you are a Fermi investor and would like to learn more about this action, CLICK HERE  or please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267)764-4865.

About Berger Montague

Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

For more information or to discuss your rights, please contact:
Andrew Abramowitz
Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bergermontague.com 

Caitlin Adorni
Director of Portfolio & Institutional Client Monitoring Services
Berger Montague
(267) 764-4865
cadorni@bergermontague.com 

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SOURCE Berger Montague