Class Action Lawsuit Targets Fermi Inc. Over Alleged Securities Fraud

Reuters02-21 19:47

Class Action Lawsuit Targets <a href="https://laohu8.com/S/FRMI">Fermi Inc.</a> Over Alleged Securities Fraud

A securities fraud class action has been filed against Fermi Inc., certain senior executives and directors, and IPO underwriters in the U.S. District Court for the Southern District of New York. The suit alleges the company overstated tenant demand and misrepresented a key customer arrangement tied to Project Matador; shares fell more than 33% after the company disclosed that the “First Tenant” terminated an agreement to advance up to $150 million for construction. Investors have until March 6, 2026 to seek appointment as lead plaintiff.

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: 202602210647PRIMZONEFULLFEED9657966) on February 21, 2026, and is solely responsible for the information contained therein.

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Over Alleged Securities Fraud","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      Class Action Lawsuit Targets <a href=\"https://laohu8.com/S/FRMI\">Fermi Inc.</a> Over Alleged Securities Fraud\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 securities fraud class action has been filed against Fermi Inc., certain senior executives and directors, and IPO underwriters in the U.S. District Court for the Southern District of New York. The suit alleges the company overstated tenant demand and misrepresented a key customer arrangement tied to Project Matador; shares fell more than 33% after the company disclosed that the “First Tenant” terminated an agreement to advance up to $150 million for construction. 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