Fermi Inc. (FRMI) Securities Class Action Lawsuit Filed [January 8, 2026]

The filed complaint alleges that Fermi Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company overstated its tenant demand for its Project Matador campus; (2) the extent to which Project Matador would rely on a single tenant’s funding commitment to finance the construction of Project Matador; (3) there was a significant risk that that tenant would terminate its funding commitment; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.