Lifshitz Law PLLC Announces an Investigation of Fermi Inc. (NASDAQ:FRMI)

NEW YORK CITY, NY / ACCESS Newswire / December 12, 2025 / Fermi Inc. (NASDAQ:FRMI)

Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that Fermi Inc. ("FRMI" or the "Company") made materially false and/or misleading statements and/or failed to disclose to investors material information.

FRMI announced in September 2025 that the Company had entered into a non-binding letter of intent, dated September 19, 2025, with an investment grade tenant (the "Tenant") to lease a portion of the Project Matador Site subject to execution of a definitive lease agreement. Then, in November 2025, the Company announced that FRMI and the Tenant had entered into an Advance in Aide of Construction Agreement, dated as of November 3, 2025 (the "AICA"), pursuant to which the Tenant agreed, subject to certain conditions, to advance up to $150 million to fund construction costs. The exclusivity period set forth in the letter of intent expired at midnight on December 9, 2025 - subsequently the Company commenced discussions with several other potential tenants for power delivery at the Project Matador site in 2026. On December 11, 2025, the Tenant notified Fermi that it is terminating the AICA, though the Company states that the parties continue to negotiate the terms of a lease agreement at Project Matador pursuant to the letter of intent. According to Fermi's 8-K, filed on December 12, 2025, "The Company remains confident that it will be able to meet its expected power delivery schedule at Project Matador as the demand for behind-the-meter power for AI remains robust over the near and long term." On December 12, 2025, the Company's stock price dropped sharply on unusually heavy trading volume.

If you are an FRMI investor, or possess relevant information and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].

ATTORNEY ADVERTISING.© 2025 Lifshitz Law PLLC. The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516)493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Joshua M. Lifshitz, Esq.

Lifshitz Law PLLC

Phone: 516-493-9780

Facsimile: 516-280-7376

Email: [email protected]

SOURCE: Lifshitz Law Firm