FRMI Class Action Notice: Frank R. Cruz Law Offices Files Securities Fraud Lawsuit Against Fermi Inc.

The Law Offices of Frank R. Cruz has filed a class action lawsuit in the U.S. District Court for the Southern District of New York against Fermi Inc. (NASDAQ: FRMI) on behalf of investors who bought Fermi stock in its October 2025 IPO or acquired securities between October 1 and December 11, 2025. Filed under Lupia v. Fermi Inc. et al. (Case No. 1:26‑cv‑00050), the complaint alleges that Fermi and certain defendants made materially false or misleading statements and omitted key negative information about the company’s operations and prospects. The lawsuit claims defendants overstated tenant demand for Fermi’s Project Matador AI campus, failed to disclose reliance on a single tenant’s funding commitment, and did not reveal the significant risk that the tenant could withdraw its support. The suit notes that after Fermi announced on December 12, 2025 that its first tenant terminated a $150 million construction funding agreement, the company’s stock price plunged 33.8%, closing at $10.09, and has traded as low as $8.59, representing a roughly 59% drop from its IPO price of $21.00 per share. Investors who suffered losses have 60 days from the notice to move the court to serve as lead plaintiff and may submit claims to potentially recover losses in the ongoing securities fraud action. #FermiInc #SecuritiesFraud #ClassAction #InvestorRights #SlimScan #GrowthStocks #CANSLIM