Fermi Inc (FRMI)

FRMI.............................https://stockcharts.com/sc3/ui/?s=FRMI&p=W&b=5&g=0&id=p86431144783

$FRMI: These calls expire TODAY... UP BIG !!!!!!!!!

Gave it to you at $0.78 prem, remember...................

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=177518578


Just hit $2 yesterday.

HOW ABOUT THAT ???


GO $FRMI

Fermi Files Definitive Consent Revocation Statement and Mails Letter to ShareholdersJune 15, 2026 7:00 AM
PR Newswire (US) No Special Meeting of Shareholders Has Been CalledToby Neugebauer Currently Does Not Have the Required Support to Call a Special Meeting of ShareholdersBoard Urges All Fermi Shareholders to Protect Their Investment by Returning the WHITE Consent Revocation Card Emphasizes Strong Momentum Behind Fermi 2.0 and Continued Advancement of Project MatadorDALLAS, June 15, 2026 /PRNewswire/ -- Fermi Inc. (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today announced that it is mailing a Consent Revocation Statement to shareholders enclosing a WHITE Consent Revocation Card in response to the consent solicitation by former Chief Executive Officer Toby Neugebauer seeking to call a Special Meeting of Shareholders ("Special Meeting"). The Company noted that at this time no Special Meeting has been called, as Mr. Neugebauer, who was terminated for cause, currently does not have the support required to call a Special Meeting. As a result, no Special Meeting date has been set for July 15, 2026, and no notice of a Special Meeting has been issued. If a Special Meeting is called, notice will be given by the Company in accordance with the Bylaws.The Board of Directors strongly urges all Fermi shareholders to sign, date and return the WHITE Consent Revocation Card to support the Company's continued execution of Fermi 2.0 and to protect the long-term value of their investment.PLEASE DO NOT SIGN OR RETURN ANY GREEN AGENT DESIGNATION CARDS sent to you by Toby R. Neugebauer, Vicksburg Investments Management LLC and Melissa A. Neugebauer 2020 Trust.The full text of Fermi's letter to shareholders is as follows:June 15, 2026Dear Fermi Shareholder:Fermi is building on its entrepreneurial foundation and scaling the business to support long-term growth and execution. The Company is seeing real results across the business and achieving major construction, regulatory and financing milestones.Despite this meaningful momentum, Fermi's former CEO, Toby Neugebauer, is soliciting support to obtain the authority to call a Special Meeting in the hopes of filling the Fermi Board of Directors with his own hand-picked nominees to advance his personal agenda at your expense.TOBY NEUGEBAUER SHOULD NOT BE TRUSTED TO OVERSEE YOUR INVESTMENTThe Board removed Mr. Neugebauer as CEO on April 17, 2026. An Independent Committee of the Board with guidance from an independent outside counsel subsequently terminated him for cause for the following reasons:Misrepresentations to the Board.A pattern of conduct in violation of Company policies.Behavior that disrupted operations and threatened critical relationships with key stakeholders at a pivotal time in the Company's growth trajectory.During Mr. Neugebauer's tenure, Fermi's stock declined more than 80% from its IPO. Now, he is trying to wrest back control of Fermi to force a sale at a price that is far below Fermi's intrinsic value. This would serve only to benefit a select few, namely Mr. Neugebauer and his affiliates, who received their stock pre-IPO for consideration at less than $0.01 per share, while locking in substantial losses for Fermi's public shareholders.At this time, you are being asked solely if you want the distraction of a Special Meeting a few months before our Annual Meeting. Mr. Neugebauer and his affiliates control approximately 40% of Fermi's shares and only need 50.1% of shareholders to support his solicitation. This is why Fermi's Board of Directors and management team strongly urge you to sign, date and return the WHITE Consent Revocation Card.By returning a WHITE card, you communicate that you want Fermi's Board and management team to remain focused on what matters most: maximizing long-term shareholder value by advancing tenant negotiations, executing construction milestones, hiring a permanent world-class CEO to lead Fermi into the future and scaling Project Matador into a generational asset.FERMI 2.0 IS DELIVERING TANGIBLE RESULTS AND GATHERING MOMENTUMSince Mr. Neugebauer's termination, commercial momentum has strengthened and engagement with prospective tenants and strategic partners has reaccelerated, reinforcing confidence in Fermi's strategy and our ability to deliver long-term shareholder value.Today, Fermi has:Re-established critical relationships with potential customers, construction companies and key financial partners who refused to work with the former CEO;Expanded its lead over the competition with a campus that is on a path to housing up to 17 gigawatts of private power, with a six gigawatt clean air permit in hand and an additional five gigawatt application filed;More than $1.4 billion of infrastructure already deployed, establishing a highly compelling speed-to-power advantage for customers facing rapidly growing compute demand;Nearly $1.0 billion in financing commitments secured, including the replacement of high-cost debt with more favorable equipment financing;Secured approximately two gigawatts of generation assets;Continued de-risking of the long-dated nuclear program through partnerships with Hyundai Engineering & Construction and Doosan Enerbility, and admission to the NRC's accelerated NEPA pilot program; andAn active search for a permanent CEO led by Heidrick & Struggles, a top executive search firm, with interviews underway and a strong slate of candidates being narrowed down.Although no assurances can be made, the Company is increasingly confident it will announce one or more transactions with a tenant and/or joint venture partner. The Company urges shareholders not to support Mr. Neugebauer's actions when it is at a critical inflection point for delivering significant long-term value-enhancing benefits to its shareholders.DESPITE CLAIMS FROM MR. NEUGEBAUER, A SPECIAL MEETING HAS NOT BEEN CALLEDWhile Mr. Neugebauer has suggested that a Special Meeting could be held on or around July 15, 2026, it is important to clarify that no Special Meeting has been called. Mr. Neugebauer currently does not have the support required to call a Special Meeting. No Special Meeting date has been set, and no notice of a Special Meeting has been issued. Shareholders should continue to rely only on formal communications from the Company and should not assume that a Special Meeting will occur on July 15 or any other date.As indicated above, in the weeks since Mr. Neugebauer's removal, the Company has remained actively engaged with a number of potential strategic counterparties regarding opportunities that could deliver substantial value to Fermi shareholders. The Company remains focused on pursuing opportunities that could meaningfully accelerate Project Matador's development and believes Mr. Neugebauer's efforts are destructive to these efforts.In addition, while the Board has determined that a forced sale at the Company's current valuation is not in shareholders' best interests, it has never taken the position that a sale would not be considered under the right circumstances. In fact, the Board has consistently stated that it would carefully consider all options to generate the highest level of long-term shareholder value.REJECT MR. NEUGEBAUER'S ATTEMPT TO IMPOSE HIS SELF-INTERESTED AND VALUE DESTRUCTIVE AGENDA ON THE COMPANYDo not entrust your investment in the Company to Mr. Neugebauer, and DO NOT SIGN OR RETURN ANY GREEN CONSENT CARDS.You have an important stake in our Company and in our future. Regardless of the number of shares you own, it is important for all Fermi shareholders to sign, date and return the WHITE Consent Revocation Card and discard Mr. Neugebauer's Green Consent Card.Thank you for your support.Sincerely,The Board of Directors
Fermi Inc.Paul, Weiss, Rifkind, Wharton & Garrison LLP and Vinson & Elkins L.L.P. are serving as legal counsel to the Company. Fermi has also retained Alex Spiro of Quinn Emanuel Urquhart & Sullivan to assist with certain litigation matters.About Fermi America™
Fermi America™ (Nasdaq & LSE: FRMI) develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 gigawatts of experience, to create the world's largest, up to 17 gigawatts next-gen private grid, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing. For additional information visit www.fermiamerica.com.Forward-Looking Statements
Statements contained in this press release which are not historical facts, such as those relating to future events, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Fermi undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Investors should consult further disclosures and risk factors included in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, the Registration Statement on Form S-8 and other documents filed from time to time with the SEC by Fermi.Additional Information and Where to Find It
Fermi has filed with the SEC a definitive consent revocation statement on Schedule 14A in connection with the consent solicitation by Mr. Neugebauer to call a Special Meeting of Fermi shareholders, and intends to file a definitive proxy statement on Schedule 14A with respect to its solicitation of proxies for any future meeting of shareholders called as a result of Mr. Neugebauer's consent solicitation, both containing a form of WHITE proxy card.INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE CONSENT REVOCATION STATEMENT AND ANY SUCH DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY FERMI AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION.Investors and security holders may obtain copies of these documents and other documents filed with the SEC by Fermi free of charge through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by Fermi are also available free of charge by accessing Fermi's website at www.fermiamerica.com. Participants in the Solicitation
Fermi, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of revocations and proxies with respect to a solicitation by Fermi. Information about Fermi's executive officers and directors is available in Fermi's Annual Report on Form 10-K/A (the "Form 10-K/A") for the year ended December 31, 2025, filed with the SEC on April 30, 2026. To the extent holdings by our directors and executive officers of Fermi securities reported in the Form 10-K/A have changed, such changes have been or will be reflected on Statements of Change in Ownership on Forms 3, 4 or 5 filed with the SEC. These documents are available free of charge at the SEC's website at www.sec.gov. Copies of the documents filed by Fermi are also available free of charge by accessing Fermi's website at www.fermiamerica.com.Contacts
Investors
Rodrigo Acuna
IR@fermiamerica.comMedia
Joele Frank, Wilkinson Brimmer Katcher
Michael Freitag / Adam Pollack / Eliza Rothstein
212-355-4449 View original content to download multimedia:https://www.prnewswire.com/news-releases/fermi-files-definitive-consent-revocation-statement-and-mails-letter-to-shareholders-302799854.htmlSOURCE Fermi Inc. Original: Fermi Files Definitive Consent Revocation Statement and Mails Letter to Shareholders

Hi I'm new to this stock. I've know about it but just now considering investing. Anyone comments concerning this company?

Fermi is going to skyrocket. Fermi is a 20x bagger. The sky is the limit

Fermi Board Amends Bylaws to Protect Interests of ShareholdersMay 14, 2026 4:05 PM
PR Newswire (US) DALLAS, May 14, 2026 /PRNewswire/ -- Fermi Inc. (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today announced that its Board of Directors (the "Board") has approved an amendment of the Company's Bylaws (the "Bylaws") to protect and empower shareholders unaffiliated with the Company's former Chief Executive Officer. The Bylaw amendments are intended to ensure the integrity of the Company's Board structure. Under the amended Bylaws, any proposed changes to the Board's size or classified structure will require approval from at least 70% of the Company's outstanding shares entitled to vote in the election of directors, voting as one class. Fermi's former CEO has claimed that he and his affiliates currently control approximately 40% of Fermi's outstanding shares, which represents an outsized level of influence under the previous Bylaws.Consistent with best governance practices for shareholder approval of conflicted transactions, a 70% vote to approve Mr. Neugebauer's proposal would require approximately half of the shareholders unaffiliated with him to amend the Bylaws as he intends. The Board's amendment does not change the percentage of shareholders necessary to call a special meeting, which remains at 50% of the Company's outstanding shares.Fermi notes that on May 11, 2026, Caddis Capital, LLC, the Company's second largest shareholder owning approximately 9.3% of the Company's outstanding common shares, reaffirmed its support for Fermi's Board, the Company's management team and its long-term strategic plan.The Board issued the following statement:The Fermi Board and management team are committed to taking steps that will position the Company for success. We are pleased with the support from our shareholders of the Company's strategic plan to build on the momentum of Project Matador as it executes Fermi 2.0. The Board will continue to evaluate strategic opportunities to maximize shareholder value and take actions that we believe protect our shareholders' interests.The Company today separately filed the Amended and Restated Bylaws on a Form 8-K with the U.S. Securities and Exchange Commission.About Fermi America™
Fermi America™ (Nasdaq & LSE: FRMI) develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 GW of experience, to create the world's largest, 11 GW next-gen private grid, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing.Forward-Looking Statements
Statements contained in this press release which are not historical facts, such as those relating to future events, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Fermi undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Investors should consult further disclosures and risk factors included in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, the Registration Statement on Form S-8 and other documents filed from time to time with the SEC by Fermi.Additional Information and Where to Find It
Fermi intends to file with the SEC a definitive revocation statement on Schedule 14A in connection with the proposed solicitation by Mr. Neugebauer to be able to call a special meeting of Fermi security holders, as well as a definitive proxy statement on Schedule 14A with respect to its solicitation of proxies for any future meeting of the shareholders called as a result of Mr. Neugebauer's solicitation, both containing a form of WHITE proxy card.INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE REVOCATION STATEMENT AND ANY SUCH PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY FERMI AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION.Investors and security holders may obtain copies of these documents and other documents filed with the SEC by Fermi free of charge through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by Fermi are also available free of charge by accessing Fermi's website at www.fermiamerica.com.Participants in the Solicitation
Fermi, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of revocations and proxies with respect to a solicitation by Fermi. Information about Fermi's executive officers and directors is available in Fermi's Annual Report on Form 10-K/A (the "Form 10-K/A") for the year ended December 31, 2025, filed with the SEC on April 30, 2026. To the extent holdings by our directors and executive officers of Fermi securities reported in the Form 10-K/A have changed, such changes have been or will be reflected on Statements of Change in Ownership on Forms 3, 4 or 5 filed with the SEC. These documents are available free of charge at the SEC's website at www.sec.gov. Copies of the documents filed by Fermi are also available free of charge by accessing Fermi's website at www.fermiamerica.com.Contacts
Investors
Rodrigo Acuna
IR@fermiamerica.comMedia
Joele Frank, Wilkinson Brimmer Katcher
Michael Freitag / Adam Pollack / Eliza Rothstein
212-355-4449 View original content to download multimedia:https://www.prnewswire.com/news-releases/fermi-board-amends-bylaws-to-protect-interests-of-shareholders-302772850.htmlSOURCE Fermi Inc. Original: Fermi Board Amends Bylaws to Protect Interests of Shareholders

$FRMI: Gave it to you at $5.50............ REMEMBER ????

I was here................. shouting at the TOP OF MY LUNGS !!!!!!!!!!!!!!!!

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=177526587


Don't question MEM


GO $FRMI

Fermi Posts $189 Million First-Quarter Loss as Project Investment AcceleratesMay 14, 2026 9:40 AM
IH Market News Fermi (NASDAQ:FRMI) reported a net loss of $189 million for the first quarter of 2026 as the company continued to invest heavily in infrastructure development and expansion projects.The quarterly loss amounted to $0.30 per diluted share.Fermi said the result was largely impacted by $134 million in non-cash share-based compensation expenses, along with a $25 million loss tied to debt extinguishment activities. Company Secures $785 Million in New Financing During the quarter, Fermi arranged $785 million in new equipment financing to support its ongoing expansion plans.The financing package included a $500 million facility provided by MUFG.The company also secured a separate $156 million financing commitment from Yorkville for broader corporate purposes.At the end of the quarter, Fermi held total cash and restricted cash of $243 million. Project Matador Expands Power Capacity in Texas Fermi said its Project Matador development in Carson County, Texas, now has access to more than 2 gigawatts of generation capacity through owned and contracted energy assets.The company also received a 6-gigawatt Clean Air Permit from the Texas Commission on Environmental Quality and submitted an application for an additional 5-gigawatt permit.Project Matador spans more than 7,500 acres and is designed to support up to 17 gigawatts of total power capacity once fully developed. Construction Progress Continues Across Key Infrastructure Fermi outlined several construction milestones reached during the quarter at the Texas site.The company completed nearly five miles of natural gas pipeline installation, more than 11 miles of perimeter fencing and over seven miles of on-site water distribution infrastructure.Fermi also confirmed that the first six Siemens SGT-800 gas turbines arrived at the Port of Houston and cleared customs procedures. Board and Leadership Changes Announced The company expanded its board of directors from five members to seven and appointed Marius Haas as chairman.Robert Masson joined the company as interim chief financial officer.Fermi also said it retained Heidrick & Struggles to assist with the search for a new chief executive officer. Capital Spending and Debt Levels Increase Fermi invested $441 million in property, plant and equipment during the quarter, bringing the company’s gross PP&E balance to roughly $1.4 billion.Outstanding debt totaled $421 million at quarter-end, reflecting new borrowing activity under equipment financing agreements as well as the complete repayment of the Macquarie Term Loan. Nuclear Regulatory Commission Selects Project Matador The company also announced that the U.S. Nuclear Regulatory Commission selected Project Matador as one of the first participants in its Environmental Impact Statement pilot program for advanced nuclear reactor developments.Fermi stock price Original: Fermi Posts $189 Million First-Quarter Loss as Project Investment Accelerates

Fermi Inc. Outlines Fermi 2.0 Strategic Evolution and Reports First Quarter 2026 Financial ResultsMay 14, 2026 7:00 AM
PR Newswire (US) Secures over 2 GW of power generation; advances ~11 GW of permitted capacity; closes ~$785 million in new equipment financing; strengthens governance; and accelerates commercial engagementDALLAS, May 14, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today reported first quarter 2026 financial results. A conference call is scheduled for 9 a.m. Eastern Time / 2 p.m. British Time today, May 14, 2026. Accompanying slides and prepared remarks can be found at https://investor.fermiamerica.com/. Participation details are included in this release. Fermi 2.0: Strategic EvolutionFermi provided an update on its strategic evolution from an entrepreneurial startup into a scaled, institutional public company purpose-built to deliver gigawatt-scale private power to the AI economy."Fermi America is at a meaningful inflection point in its development," said Marius Haas, Chairman of the Board of Directors. "Fermi 2.0 is about pairing the tangible asset base we've already constructed with the institutional capability required to realize its full value. We've converted investor capital into more than $1.4 billion of infrastructure at a site that few, if any, competitors can replicate on a comparable timeline. Over the next 90 days, we're executing a disciplined plan that includes securing a binding tenant agreement, diligently managing working capital and liquidity, hiring our next CEO, exploring strategic partnerships for power/data center deployment acceleration, and delivering power at our project site. Our team is unified and focused on one primary objective to maximize long-term shareholder returns."Rick Perry, former Texas Governor, former U.S. Secretary of Energy and Co-Founder of Fermi America, said, "Fermi was founded to do something no one else in America is doing at this scale: bring gigawatts of private power to premier AI tenants in months, not years. Our strategy hasn't changed, and the team leading this next chapter has my full confidence and support. We have the right leadership, land, permits, equipment, and partners to scale to commercial operations and realize the full value of this unique project."Commercial Momentum and Accelerated EngagementTenant engagement has improved in recent weeks, and active discussions are ongoing with hyperscalers, neo-cloud providers, and enterprise compute operators.Anna Bofa, Co-President, Office of the CEO, said, "Fermi 2.0 is about making the company easier to work with and creating a more streamlined commercial interface for customers and partners who want to move quickly and confidently. The uptick in interest from prospective tenants confirms our business plan. Fermi can deliver reliable power at scale, execute on our timeline, and serve as a trustworthy long-term operating partner. In recent weeks, we've hosted multiple prospective tenants and strategic partners who continue to view Project Matador as one of the most advanced and customer-ready, large-scale power campuses. They are looking for credible near-term power, real infrastructure, secured equipment, permitting progress, land control, and a team that can execute. These attributes set Fermi apart and are driving increased urgency in our commercial conversations. It gives us momentum and confidence in reaching new non-binding long-term agreements in the near future."Project Matador Operational and Regulatory ProgressConstruction at Project Matador is progressing on schedule. Fermi's flagship behind-the-meter energy and compute campus spans more than 7,500 acres in Carson County, Texas. At full build-out, the project is designed to deliver up to 17 GW of power from lower-carbon natural gas, advanced nuclear, solar, and battery storage to premier tenants. Quarterly milestones include:Established a clear path to commercial power delivery later this year by securing more than 2 GW of total power generation across owned and contracted assets.Obtained a ~6 GW Clean Air Permit from the Texas Commission on Environmental Quality (TCEQ), the second-largest permit of its kind in the United States.Filed an application with TCEQ for an additional ~5 GW Clean Air Permit, supporting full flexibility for build-out toward 17 GW.The U.S. Nuclear Regulatory Commission (NRC) named Project Matador an inaugural participant in its Environmental Impact Statement pilot program, an initiative designed to expedite nuclear licensing timelines for advanced reactor projects.Completed nearly 5 miles of natural gas lines, more than 11 miles of perimeter fencing, and over 7 miles of on-site water distribution lines.Both transmission systems were connected, which will deliver power upon grid interconnection later this year.The first six Siemens SGT-800 gas turbines arrived in the Port of Houston and cleared customs.Strengthened Governance and LeadershipAs part of Fermi 2.0, the Company has taken significant steps to enhance governance and leadership:In addition to Marius Haas assuming the role of Chairman of the Board, the Board was expanded from five to seven directors.Robert Masson joined as Interim Chief Financial Officer, bringing more than 20 years of public-company financial leadership.Executive recruiting firm Heidrick & Struggles was engaged to lead the search for the Company's next CEO, with an early slate of highly qualified candidates in hand.A new corporate headquarters is being established in Dallas, complementing the Company's permanent on-site presence in Amarillo.Financial Highlights and Liquidity$243 million of total cash and restricted cash on hand.$785 million of new equipment finance facilities secured during the quarter, anchored by a $500 million facility from MUFG, one of the world's leading infrastructure lenders.$156 million financing commitment secured with Yorkville for general corporate purposes.$421 million of outstanding debt reflecting new borrowings under equipment financing facilities and the full repayment of the Macquarie Term Loan.$189 million net loss in the quarter ($0.30 per diluted share) primarily driven by $134 million of non-cash share-based compensation and a $25 million extinguishment loss on the Macquarie Term Loan.$441 million of capital invested in Property, Plant, and Equipment, bringing the gross balance to approximately $1.4 billion as of quarter end.Future capital deployment will remain disciplined and aligned with commercial progress.Conference Call InformationFermi plans to host a conference call and webcast at 9 a.m. Eastern Time / 2 p.m. British Time today, May 14, 2026, to discuss its first quarter results.To participate, dial (888) 506-0062 in the U.S. or +1 973-528-0011 internationally approximately 15 minutes prior to the scheduled start time and refer to conference code 791289. The call will also be webcast in a listen-only mode and can be accessed through the Investor Relations Events & Presentations page of Fermi's website. A replay of the webcast will be available for a period of one year.SEC FilingsFermi's report on Form 10-Q for the quarter ended March 31, 2026, will be filed with the U.S. Securities and Exchange Commission and made available through the SEC's website and the Investor Relations section of Fermi's website.About Fermi America™Fermi America™ (Nasdaq & LSE: FRMI) develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 GW of experience, to create the world's largest, 11 GW next-gen private grid, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing. For additional information visit www.fermiamerica.com.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding our development plans, construction timelines, permitting and regulatory approvals, tenant agreements, financing activities, generation capacity, future expansion of Project Matador, and anticipated operational milestones.These statements are based on current expectations and assumptions and are subject to known and unknown risks, uncertainties, and other important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, among others: our ability to obtain and maintain required permits and regulatory approvals, including from the NRC and TCEQ; our ability to secure binding tenant agreements and creditworthy counterparties; the availability of project financing and capital on acceptable terms; risks associated with large-scale construction and infrastructure development; interconnection availability and grid constraints; supply chain and equipment procurement risks; commodity availability and pricing, including natural gas and water; risks associated with nuclear development and licensing; counterparty performance; and broader economic, regulatory, and market conditions.Statements regarding potential generation capacity in excess of currently permitted levels, including any reference to expansion beyond approximately 6 GW or up to 11 GW or 17 GW, are subject to the successful receipt of additional permits and approvals, financing, interconnection capacity, land acquisition, and other factors, and there can be no assurance that such capacity will be developed or achieved.Statements regarding total site acreage, including any reference to expansion beyond currently controlled or leased land, are subject to the closing of pending acquisitions, land availability, and other factors, and there can be no assurance that such acreage will be realized.These forward-looking statements represent management's expectations as of the date of this release. Except as required by law, the Company undertakes no obligation to update or revise these statements. Additional information regarding these and other risks is included in the Company's Form 10-K and other filings with the Securities and Exchange Commission.Fermi Inc.Condensed Consolidated Balance Sheets(in thousands, except par value amounts and share numbers)(unaudited)

As of March 31, 2026As of December 31, 2025Assets

Property, plant, and equipment, net$                      1,430,909$                          935,295Cash and cash equivalents207,501408,529Restricted cash35,792—Prepaid expenses and other assets63,59247,753Operating lease right-of-use assets39,69921,737Total assets$                      1,777,493$                      1,413,314Liabilities and stockholders' equity

Debt, net$                          421,296$                          109,799Accounts payable and accrued liabilities238,624176,572Operating lease liabilities43,71421,320Other liabilities1,5829,751Total liabilities705,216317,442Commitments and contingencies (Note 8)

Stockholders' equity

Common stock, $0.001 par value; 2,400,000,000 shares authorized,
629,839,790 shares issued and outstanding as of March 31, 2026 and
December 31, 2025628628Preferred stock, $0.001 par value; 10,000,000 shares authorized, and
no shares issued or outstanding as of March 31, 2026 and December
31, 2025——Additional paid-in capital1,393,5411,228,443Accumulated deficit(321,892)(133,199)Total stockholders' equity1,072,2771,095,872Total liabilities and stockholders' equity$                      1,777,493$                      1,413,314 Fermi Inc.Condensed Consolidated Statements of Operations(in thousands, except share and per share numbers)(unaudited)

 Three Months Ended March 31, 2026
For the period fromJanuary 10, 2025 (Inception) through March 31, 2025Expenses:


General and administrative$                           166,244
$                                  78Total expenses166,244
78Loss from operations(166,244)
(78)Other income (expense):


Interest income2,349
—Other income (expense), net(24,798)
—Total other income (expense)(22,449)
—Net loss$                          (188,693)
$                                (78)Net loss per share – basic and diluted$                                (0.30)
$                             (0.00)Weighted average shares outstanding – basic and diluted                   629,839,790
73,687,500 Fermi Inc.Condensed Consolidated Statements of Cash Flows(in thousands)(unaudited)

 Three Months Ended
March 31, 2026For the period from
January 10, 2025 
(Inception) through
March 31, 2025Cash flows used in operating activities:

Net loss$                      (188,693)$                                         (78)Adjustments to reconcile net loss to net cash used in operating
activities:

Share-based compensation expense133,980—Loss on extinguishment of debt24,753—Other non-cash activities2223Changes in operating assets and liabilities:

Accounts payable and accrued liabilities29,29229Prepaid expenses and other assets(6,899)—Net cash used in operating activities$                            (7,345)$                                         (46)Cash flows used in investing activities:

Investments in property, plant, and equipment(441,188)(32)Other investing activities——Net cash used in investing activities$                      (441,188)$                                         (32)Cash flows from financing activities:

Proceeds from issuance of debt, net of debt discount430,827—Repayment of Macquarie term loan(144,294)—Payment of debt issuance costs(3,236)—Proceeds from contributions by members, net of issuance costs—297Net cash provided by financing activities$                         283,297$                                        297Change in cash, cash equivalents and restricted cash(165,236)219Cash, cash equivalents and restricted cash, at beginning of period408,529—Cash, cash equivalents and restricted cash, at end of period$                         243,293$                                        219


Cash, cash equivalents and restricted cash, at end of period:

Cash and cash equivalents$                         207,501$                                        219Restricted cash35,792—Cash, cash equivalents and restricted cash, at end of period$                         243,293$                                        219  View original content to download multimedia:https://www.prnewswire.com/news-releases/fermi-inc-outlines-fermi-2-0-strategic-evolution-and-reports-first-quarter-2026-financial-results-302771715.htmlSOURCE Fermi Inc. Original: Fermi Inc. Outlines Fermi 2.0 Strategic Evolution and Reports First Quarter 2026 Financial Results

Toby Neugebauer and His Family Believe Generosity is the Solution to Meet 5/50 REIT Compliance, Should Company Choose to Unnecessarily Elect REIT Status for 2025 and/or 2026May 12, 2026 6:54 PM
PR Newswire (US) DALLAS, May 12, 2026 /PRNewswire/ -- Toby Neugebauer, Co-Founder and largest shareholder of Fermi Inc. (d/b/a Fermi America) (Nasdaq: FRMI) ("Fermi" or the "Company"), today responded to the Company threatening to confiscate some of his family shares by announcing that he and his family have decided to gift a percentage of their shares to help the Company solve the 5/50 REIT Rule if and when the Company qualifies as a REIT, to well-deserving foundations and charities. The Neugebauer family, undeterred by threats, believe this is a far better result and are honored to be able to help others in this manner.A certain time after it becomes a REIT by making the relevant tax election, Fermi would be required to meet the 5/50 Rule, meaning that the Company's top five shareholders who are individuals cannot hold more than 50% ownership of Fermi. The Neugebauers believe that electing REIT status for 2025 and/or 2026 serves no material tax purpose today. However, the Neugebauers intend to make these supporting gifts to charitable organizations regardless.Gifting these shares was the Neugebauers' intention all along. The board's actions simply accelerated the execution.Important InformationMr. Neugebauer and two of his affiliated entities, Vicksburg Investments Management LLC and Melissa A. Neugebauer 2020 Trust (collectively with Mr. Neugebauer, the "Fermi Founder Parties"), together with David A. Daglio, Charles M. Elson, John T. Jimenez and Janet Yang (collectively, in such capacity, the "May 29 Meeting Participants"), intend to file a definitive proxy statement on Schedule 14A, accompanying BLUE proxy card, and other relevant documents with the SEC in connection with the solicitation of proxies with respect to the election of the Fermi Founder Parties' slate of director candidates and other proposals that may come before the special meeting of shareholder called for May 29, 2026 (the "May 29 Meeting").The Fermi Founder Parties and David A. Daglio, Charles M. Elson, John T. Jimenez, Janet Yang, Sheila Hooda and Juan A. Pujadas (collectively, in such capacity, the "Shareholder-Called Special Meeting Participants" and together with the May 29 Meeting Participants, the "Participants") intend to file a definitive proxy statement on Schedule 14A, accompanying GREEN agent designations card, and other relevant documents with the SEC in connection with the solicitation of proxies with respect to the solicitation of agent designations for calling a special meeting of shareholders anticipated to be held on or around June 30, 2026 (the "Shareholder-Called Special Meeting").THE APPLICABLE PARTICIPANTS STRONGLY ADVISE ALL SHAREHOLDERS OF THE COMPANY TO READ THE APPLICABLE DEFINITIVE PROXY STATEMENT AND OTHER PROXY MATERIALS, INCLUDING THE BLUE PROXY CARD AND THE GREEN PROXY CARD, AS APPLICABLE, THAT HAVE BEEN OR WILL BE FILED BY SUCH PARTICIPANTS AS THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS WILL PROVIDE COPIES OF THE APPLICABLE PROXY STATEMENTS WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.The Fermi Founder Parties filed a Schedule 13G with respect to the Company on November 14, 2025, which reported that Mr. Neugebauer beneficially owns 139,016,035 shares of the Company's common stock, $0.001 par value per share (the "Common Stock"), Vicksburg Investments Management LLC beneficially owns 44,656,376 shares of Common Stock, and Melissa A. Neugebauer 2020 Trust beneficially owns 94,359,659 shares of Common Stock. As of the date hereof, none of the other Participants beneficially own any shares of Common Stock. View original content:https://www.prnewswire.co.uk/news-releases/toby-neugebauer-and-his-family-believe-generosity-is-the-solution-to-meet-550-reit-compliance-should-company-choose-to-unnecessarily-elect-reit-status-for-2025-andor-2026-302770181.html Original: Toby Neugebauer and His Family Believe Generosity is the Solution to Meet 5/50 REIT Compliance, Should Company Choose to Unnecessarily Elect REIT Status for 2025 and/or 2026

Toby Neugebauer and His Family Believe Generosity is the Solution to Meet 5/50 REIT Compliance, Should Company Choose to Unnecessarily Elect REIT Status for 2025 and/or 2026May 12, 2026 6:32 PM
PR Newswire (US) DALLAS, May 12, 2026 /PRNewswire/ -- Toby Neugebauer, Co-Founder and largest shareholder of Fermi Inc. (d/b/a Fermi America) (Nasdaq: FRMI) ("Fermi" or the "Company"), today responded to the Company threatening to confiscate some of his family shares by announcing that he and his family have decided to gift a percentage of their shares to help the Company solve the 5/50 REIT Rule if and when the Company qualifies as a REIT, to well-deserving foundations and charities. The Neugebauer family, undeterred by threats, believe this is a far better result and are honored to be able to help others in this manner.A certain time after it becomes a REIT by making the relevant tax election, Fermi would be required to meet the 5/50 Rule, meaning that the Company's top five shareholders who are individuals cannot hold more than 50% ownership of Fermi. The Neugebauers believe that electing REIT status for 2025 and/or 2026 serves no material tax purpose today. However, the Neugebauers intend to make these supporting gifts to charitable organizations regardless.Gifting these shares was the Neugebauers' intention all along. The board's actions simply accelerated the execution.Important InformationMr. Neugebauer and two of his affiliated entities, Vicksburg Investments Management LLC and Melissa A. Neugebauer 2020 Trust (collectively with Mr. Neugebauer, the "Fermi Founder Parties"), together with David A. Daglio, Charles M. Elson, John T. Jimenez and Janet Yang (collectively, in such capacity, the "May 29 Meeting Participants"), intend to file a definitive proxy statement on Schedule 14A, accompanying BLUE proxy card, and other relevant documents with the SEC in connection with the solicitation of proxies with respect to the election of the Fermi Founder Parties' slate of director candidates and other proposals that may come before the special meeting of shareholder called for May 29, 2026 (the "May 29 Meeting").The Fermi Founder Parties and David A. Daglio, Charles M. Elson, John T. Jimenez, Janet Yang, Sheila Hooda and Juan A. Pujadas (collectively, in such capacity, the "Shareholder-Called Special Meeting Participants" and together with the May 29 Meeting Participants, the "Participants") intend to file a definitive proxy statement on Schedule 14A, accompanying GREEN agent designations card, and other relevant documents with the SEC in connection with the solicitation of proxies with respect to the solicitation of agent designations for calling a special meeting of shareholders anticipated to be held on or around June 30, 2026 (the "Shareholder-Called Special Meeting").THE APPLICABLE PARTICIPANTS STRONGLY ADVISE ALL SHAREHOLDERS OF THE COMPANY TO READ THE APPLICABLE DEFINITIVE PROXY STATEMENT AND OTHER PROXY MATERIALS, INCLUDING THE BLUE PROXY CARD AND THE GREEN PROXY CARD, AS APPLICABLE, THAT HAVE BEEN OR WILL BE FILED BY SUCH PARTICIPANTS AS THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS WILL PROVIDE COPIES OF THE APPLICABLE PROXY STATEMENTS WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.The Fermi Founder Parties filed a Schedule 13G with respect to the Company on November 14, 2025, which reported that Mr. Neugebauer beneficially owns 139,016,035 shares of the Company's common stock, $0.001 par value per share (the "Common Stock"), Vicksburg Investments Management LLC beneficially owns 44,656,376 shares of Common Stock, and Melissa A. Neugebauer 2020 Trust beneficially owns 94,359,659 shares of Common Stock. As of the date hereof, none of the other Participants beneficially own any shares of Common Stock. View original content:https://www.prnewswire.com/news-releases/toby-neugebauer-and-his-family-believe-generosity-is-the-solution-to-meet-550-reit-compliance-should-company-choose-to-unnecessarily-elect-reit-status-for-2025-andor-2026-302770173.htmlSOURCE Toby Neugebauer Original: Toby Neugebauer and His Family Believe Generosity is the Solution to Meet 5/50 REIT Compliance, Should Company Choose to Unnecessarily Elect REIT Status for 2025 and/or 2026

Fermi Board Announces Actions to Confirm No Special Meeting of Shareholders Has Been CalledMay 11, 2026 4:30 PM
PR Newswire (US) Former CEO Toby Neugebauer is Attempting to Fill the Board with His Acolytes to Force a Sale of the Company at a Depressed Valuation – Fermi's Stock Declined More than 80% During Neugebauer's TenureFermi Board Will Continue to Take Actions That it Believes is in the Best Interests of All ShareholdersDALLAS, May 11, 2026 /PRNewswire/ -- Fermi Inc. (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today announced the unanimous decision by the Risk and Disclosure Committee of its Board of Directors (the "Board") to confirm the prior cancellation of the special meeting of shareholders (the "Special Meeting") former CEO Toby Neugebauer attempted to call on the eve of his removal for cause and scheduled for May 29, 2026. Mr. Neugebauer attempted to call the Special Meeting to appoint five directors to the Board, thereby allowing him to take control of the Board and force the sale of the Company at a depressed valuation. As previously announced, Mr. Neugebauer was removed from the office of CEO and subsequently terminated for cause as a direct result of serious misconduct violating the terms of his employment agreement as well as multiple company policies. The Company did not consider the Special Meeting validly requested, and that request was previously rescinded by the Office of the CEO. Today's action was taken to confirm to shareholders that there is no Special Meeting on May 29, 2026, following Mr. Neugebauer's recent incorrect public statements to the contrary.The Board issued the following statement:While Mr. Neugebauer served as CEO of Fermi, the Company's stock price declined more than 80%. Following his ineffective stint as CEO, and as a result of conduct violating the terms of his employment agreement as well as multiple company policies, the Board determined to terminate Mr. Neugebauer's employment for cause.Mr. Neugebauer's proposals, taken together, would result in Mr. Neugebauer taking control of the Company and advance his stated goal of selling Fermi quickly. The Board believes this conduct reflects the actions of a disgruntled former executive that are not in the interests of the Company's shareholders.The Company believes that Fermi's market valuation does not reflect its intrinsic value, nor does it reflect the upside potential of the successful execution of Fermi 2.0 and the Company's strategic plan. Under the current Board, and following notable achievements for Project Matador across construction, buildout and regulatory milestones, Fermi is well positioned for its next chapter of innovation, operational excellence and client-focused service. As we build on our operational momentum, we believe we will maximize shareholder value.Embarking down the path that would be paved by Mr. Neugebauer's effort to call a Special Meeting will serve only to lock in the value destruction Fermi experienced under his leadership. The Fermi Board will continue to take action that it believes is in the best interests of all shareholders.Under Fermi's bylaws, the Board has authority to cancel any Special Meeting. On April 19, 2026, the Board validly delegated this authority to the Risk and Disclosure Committee.Mr. Neugebauer is also seeking to solicit shareholder consents to hold a second Special Meeting of Shareholders on or about June 30, 2026, for the same purpose of taking control of the Board and forcing a sale of the Company. Fermi believes Mr. Neugebauer's consent solicitation is not in the best interests of its shareholders and recommends that shareholders not tender their consent.About Fermi America™
Fermi America™ (Nasdaq & LSE: FRMI) develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 GW of experience, to create the world's largest, 11 GW next-gen private grid, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing.Forward-Looking Statements
Statements contained in this press release which are not historical facts, such as those relating to future events, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Fermi undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Investors should consult further disclosures and risk factors included in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, the Registration Statement on Form S-8 and other documents filed from time to time with the SEC by Fermi.Additional Information and Where to Find It
Fermi intends to file with the SEC a definitive revocation statement on Schedule 14A in connection with the proposed solicitation by Mr. Neugebauer to be able to call a special meeting of Fermi security holders, as well as a definitive proxy statement on Schedule 14A with respect to its solicitation of proxies for any future meeting of the shareholders called as a result of Mr. Neugebauer's solicitation, both containing a form of WHITE proxy card.INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE REVOCATION STATEMENT AND ANY SUCH PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY FERMI AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION.Investors and security holders may obtain copies of these documents and other documents filed with the SEC by Fermi free of charge through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by Fermi are also available free of charge by accessing Fermi's website at www.fermiamerica.com.Participants in the Solicitation
Fermi, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of revocations and proxies with respect to a solicitation by Fermi. Information about Fermi's executive officers and directors is available in Fermi's Annual Report on Form 10-K/A (the "Form 10-K/A") for the year ended December 31, 2025, filed with the SEC on April 30, 2026. To the extent holdings by our directors and executive officers of Fermi securities reported in the Form 10-K/A have changed, such changes have been or will be reflected on Statements of Change in Ownership on Forms 3, 4 or 5 filed with the SEC. These documents are available free of charge at the SEC's website at www.sec.gov. Copies of the documents filed by Fermi are also available free of charge by accessing Fermi's website at www.fermiamerica.com.ContactsInvestors
Rodrigo Acuna
IR@fermiamerica.comMedia
Joele Frank, Wilkinson Brimmer Katcher
Michael Freitag / Adam Pollack / Eliza Rothstein
212-355-4449  View original content to download multimedia:https://www.prnewswire.com/news-releases/fermi-board-announces-actions-to-confirm-no-special-meeting-of-shareholders-has-been-called-302768666.htmlSOURCE Fermi Inc. Original: Fermi Board Announces Actions to Confirm No Special Meeting of Shareholders Has Been Called

Fermi America™ Announces First Quarter 2026 Earnings Release and Call DateMay 8, 2026 2:00 PM
PR Newswire (US) DALLAS, May 8, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ ("Fermi" or the "Company"), announced today that it plans to release first quarter 2026 financial results at 7 a.m. Eastern Time / 12 p.m. British Time on Thursday, May 14, 2026. This announcement will be followed by an earnings conference call at 9 a.m. Eastern Time / 2 p.m. British Time. The Company's earnings release and supplemental information will be posted to the Investors section of the Company's website prior to the conference call. To join the live conference call, dial (888) 506-0062 in the U.S. or +1 973-528-0011 internationally approximately 15 minutes prior to the scheduled start time and refer to conference code 791289.The call will also be webcast in a listen-only mode and can be accessed through the Investor Relations Events & Presentations page of Fermi's website. A replay of the webcast will be available for a period of one year.About Fermi America™Fermi America™ (Nasdaq & LSE: FRMI) develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world's largest, 17 GW next-gen private grid helping ensure America's energy and AI dominance. The Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing. For additional information visit www.fermiamerica.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/fermi-america-announces-first-quarter-2026-earnings-release-and-call-date-302767199.htmlSOURCE Fermi Inc. Original: Fermi America™ Announces First Quarter 2026 Earnings Release and Call Date

Fermi Responds to Former CEO's Attempts to Take Control of Board and Reverse Board Actions Taken in Accordance with Their Fiduciary Duties to Remove Him as CEO and Terminate Him for CauseMay 5, 2026 9:04 PM
PR Newswire (US) Fermi Rejects Mr. Neugebauer's Self-Interested Attempt to Call Special Shareholder Meeting as Invalid and Urges Shareholders Not to Respond to His Consent Solicitation Company Has Received Significant Support for Fermi 2.0 from Shareholders Who Firmly Reject Mr. Neugebauer's Purported Efforts to Take Control of Company DALLAS, May 5, 2026 /PRNewswire/ -- Fermi Inc. (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today responded to two separate SEC filings made by its former chief executive officer Toby Neugebauer, the first to hold an invalidly called Special Meeting of Shareholders, and the second to solicit shareholder consents to call a Special Meeting, a tacit admission of the ineffectiveness of his first request. The Board is disappointed that Mr. Neugebauer has submitted these proposals and is seeking to take control of the Board and Fermi, believes the SEC filings reflect the actions of a disgruntled former CEO who was terminated for cause, and recommends that shareholders not take any action to support either solicitation. Fermi would note that in both requested actions, Mr. Neugebauer has proposed that Fermi reimburse Mr. Neugebauer for all of his costs associated with his efforts to take control of the Board.  As previously disclosed, the decisions to remove Mr. Neugebauer from his CEO position and to subsequently terminate him for cause were taken after more than a month of attempts to negotiate a peaceful transition with Mr. Neugebauer, after careful deliberation by the Board and committee members, and in accordance with their fiduciary duties. The Company's stock price performance under Mr. Neugebauer's leadership speaks for itself, with a decline of over 80% on his watch. In addition, Mr. Neugebauer's removal from the office of CEO and subsequent termination for cause was the direct result of conduct violating the terms of his employment agreement as well as multiple company policies.With respect to the first of Mr. Neugebauer's proposals seeking to solicit proxies to vote at a Special Meeting of Shareholders on May 29, 2026, Mr. Neugebauer's Special Meeting request is not valid, has been rescinded by the officers who assumed the offices he once held, and at the time his request was made, by Mr. Neugebauer's own admission, when he knew he was going to be removed as CEO.With respect to the second of Mr. Neugebauer's proposals seeking to solicit shareholder consents to hold a second Special Meeting of Shareholders on or about June 30, 2026, Fermi believes Mr. Neugebauer's consent solicitation is not in the best interests of its shareholders and recommends that shareholders not tender their consent. Shareholders are also advised that Fermi's charter contains multiple provisions to protect its REIT status, one of which is a redemption provision which, upon exercise by the Company, would materially decrease Mr. Neugebauer's ownership position in the Company and another of which prevents Mr. Neugebauer and his family members and affiliates from acquiring additional shares of Company common stock and any new shareholders from accumulating more than 2.5% of the Company's outstanding stock.Considered together, each of Mr. Neugebauer's proposals seeks to expand the size of the Board, fill it with his nominees, take control of the Board and Fermi, and pursue his stated goal of selling Fermi, quickly. Notably, while Mr. Neugebauer's filings state that he "does not intend to return to management," he has made no binding commitment not to seek reappointment as CEO, and his stated lack of intent is expressly conditioned on his preference for a change-of-control transaction – leaving the door open for his return to an executive role if a sale does not materialize. As Fermi has previously indicated, an immediate sale at current trading levels is premature and could result in a transaction far below Fermi's intrinsic value, an outcome clearly not in the best interest of shareholders.  Fermi's rejection of the request for an immediate sale has been validated by support from multiple stakeholders and potential counterparties who have expressed support for Fermi's change in leadership. Fermi is gratified that these investors and counterparties have communicated they firmly stand behind Fermi 2.0 and the Company's strategic plan to build on the continued momentum of Project Matador. Given this positive momentum, Mr. Neugebauer's calls for shareholder action are not in the best interest of shareholders, and they appear purposefully designed to derail any success Fermi 2.0 and the Company's strategic plan might achieve. Fermi encourages its shareholders to support the Board, its officers, and employees in making Fermi 2.0 a success.About Fermi America™Fermi America™ (Nasdaq & LSE: FRMI) develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 GW of experience, to create the world's largest, 11 GW next-gen private grid, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing.Forward-Looking StatementsStatements contained in this press release which are not historical facts, such as those relating to future events, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Fermi undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Investors should consult further disclosures and risk factors included in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, the Registration Statement on Form S-8 and other documents filed from time to time with the SEC by Fermi.Additional Information and Where to Find ItFermi intends to file with the SEC a definitive revocation statement on Schedule 14A in connection with the proposed solicitation by Mr. Neugebauer to be able to call a special meeting of Fermi security holders, as well as a definitive proxy statement on Schedule 14A with respect to its solicitation of proxies for any future meeting of the shareholders called as a result of Mr. Neugebauer's solicitation, both containing a form of WHITE proxy card.INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE REVOCATION STATEMENT AND ANY SUCH PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY FERMI AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION.Investors and security holders may obtain copies of these documents and other documents filed with the SEC by Fermi free of charge through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by Fermi are also available free of charge by accessing Fermi's website at www.fermiamerica.com.Participants in the SolicitationFermi, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of revocations and proxies with respect to a solicitation by Fermi. Information about Fermi's executive officers and directors is available in Fermi's Annual Report on Form 10-K/A (the "Form 10-K/A") for the year ended December 31, 2025, filed with the SEC on April 30, 2026. To the extent holdings by our directors and executive officers of Fermi securities reported in the Form 10-K/A have changed, such changes have been or will be reflected on Statements of Change in Ownership on Forms 3, 4 or 5 filed with the SEC. These documents are available free of charge at the SEC's website at www.sec.gov. Copies of the documents filed by Fermi are also available free of charge by accessing Fermi's website at www.fermiamerica.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/fermi-responds-to-former-ceos-attempts-to-take-control-of-board-and-reverse-board-actions-taken-in-accordance-with-their-fiduciary-duties-to-remove-him-as-ceo-and-terminate-him-for-cause-302763453.htmlSOURCE Fermi Inc. Original: Fermi Responds to Former CEO's Attempts to Take Control of Board and Reverse Board Actions Taken in Accordance with Their Fiduciary Duties to Remove Him as CEO and Terminate Him for Cause

Fermi Appoints Larry Kellerman to Board of DirectorsMay 5, 2026 7:56 PM
PR Newswire (US) DALLAS, May 5, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ: FRMI) (LSE: FRMI), a pioneering developer of next-generation private electric grids for artificial intelligence, today announced that Larry Kellerman has been appointed to the Board of Directors as an independent director. Marius Haas, Chairman of the Board of Fermi, said: "The Board looks forward to welcoming Larry as a new director as we continue to oversee execution of Fermi's strategic priorities. Larry adds a wealth of industry knowledge to the Board, and his four decades of leadership in the electric power sector provide the deep technical and strategic insights that will be invaluable as Fermi advances its efficient, reliable, utility-scale private grid to drive long-term value creation.""I have been fortunate throughout my career, in the industry that I love, to work at the intersection of regulated electric utility operations and technology-driven commercial innovation. Fermi is positioned at the nexus of this dynamic intersection, as the firm continues to leverage an optimal combination of utility-sourced power and reliability services alongside its own private utility-scale power generation platform," said Larry Kellerman. "I am excited to join the Board and leverage my experience to help guide Fermi in its next phase of execution and value realization."Mr. Kellerman was nominated to his Board position pursuant to designation rights held by an affiliate of Toby Neugebauer and elected to that position by the Board on May 4, 2026. While nominated by Mr. Neugebauer, Mr. Kellerman has expressed his intent to represent the best interest of all shareholders in matters brought to the Board for consideration and did not review or comment on Mr. Neugebauer's press release of May 2, 2026.About Larry KellermanLarry Kellerman brings over 40 years of transformative leadership in the electric power and utility sectors. He is the co-founder and Managing Partner of Twenty First Century Utilities ("TFC"), a private investment and advisory firm operating in the electric power sector, focused on structured financial transactions, the development and enhancement of power generation assets, and economic partnerships with electric utilities. Larry and TFC have advised Fermi on its power generation strategy and development since the company's inception, and Larry has served Fermi as Head of Power since that time. Previously, Larry served as CEO of Atlantic Power & Utilities, CEO of Quantum Utility Generation, and a Partner at Goldman Sachs, where he built a highly successful on balance sheet power generation business from scratch and acquired Cogentrix Energy. Earlier in his career, Larry created and ran the North American power business for El Paso Corporation and was the founding President of Citizens Power. He started his career in the utility sector, serving as General Manager of Power Supply and Power Marketing for Portland General Electric after an initial tenure at Southern California Edison. Larry received a B.A. in Management from the University of California, Davis and an MBA in Finance from West Coast University, Los Angeles.About Fermi America™Fermi America™ (Nasdaq & LSE: FRMI) develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 GW of experience, to create the world's largest, 11 GW next-gen private grid, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing. View original content to download multimedia:https://www.prnewswire.com/news-releases/fermi-appoints-larry-kellerman-to-board-of-directors-302763415.htmlSOURCE Fermi Inc. Original: Fermi Appoints Larry Kellerman to Board of Directors

Toby called a shareholder meeting to discuss possible sale of company. I don't think he'd do that unless he had a buyer lined up

Larry Kellerman, Fermi's Chief Power Officer and Architect of Its 17 GW Energy Infrastructure, Accepts Board NominationMay 1, 2026 10:07 PM
PR Newswire (US)

DALLAS, May 2, 2026 /PRNewswire/ -- Toby Neugebauer, co-founder and largest shareholder of Fermi America (NASDAQ & LSE: FRMI), today announced that he has nominated Larry Kellerman to join the Fermi Board of Directors. Kellerman, who serves as Chief Power Officer at Fermi America, is the architect of the Company's 17-gigawatt powered data center campus in Amarillo, Texas — the largest private energy grid in America.Kellerman is co-founder and Managing Partner of Twenty First Century Utilities and brings more than four decades of power industry and finance expertise to the role. His career spans senior leadership positions at Goldman Sachs, El Paso Corporation, and I Squared Capital. Kellerman said he was honored by the nomination and would be pleased to serve if approved by the Board."I appreciate everything that Toby has manifested in Fermi and know that no other human could have created the enterprise and its many thoughtfully interconnected elements as quickly, as effectively, and in as value-accretive a manner as Toby's leadership has been able to deliver."
— Larry Kellerman, Chief Power Officer and Board Nominee, Fermi AmericaFor Neugebauer, the choice was crystal clear. Kellerman, who has worked alongside Neugebauer since the earliest days of Project Matador knows Fermi's power story better than anyone."When I came up with the idea of Project Matador, I knew that Larry Kellerman was the one person I needed to convert a really great idea into a really great reality. His knowledge of power and the future of powering data centers is unmatched. Larry is uniquely qualified to steward Fermi as a Board member, and I couldn't be more pleased with his willingness to serve."
— Toby Neugebauer, Co-Founder, Fermi America



View original content:https://www.prnewswire.co.uk/news-releases/larry-kellerman-fermis-chief-power-officer-and-architect-of-its-17-gw-energy-infrastructure-accepts-board-nomination-302760576.html

Original: Larry Kellerman, Fermi's Chief Power Officer and Architect of Its 17 GW Energy Infrastructure, Accepts Board Nomination

Larry Kellerman, Fermi's Chief Power Officer and Architect of Its 17 GW Energy Infrastructure, Accepts Board NominationMay 1, 2026 9:56 PM
PR Newswire (US)

DALLAS, May 1, 2026 /PRNewswire/ -- Toby Neugebauer, co-founder and largest shareholder of Fermi America (NASDAQ & LSE: FRMI), today announced that he has nominated Larry Kellerman to join the Fermi Board of Directors. Kellerman, who serves as Chief Power Officer at Fermi America, is the architect of the Company's 17-gigawatt powered data center campus in Amarillo, Texas — the largest private energy grid in America.Kellerman is co-founder and Managing Partner of Twenty First Century Utilities and brings more than four decades of power industry and finance expertise to the role. His career spans senior leadership positions at Goldman Sachs, El Paso Corporation, and I Squared Capital. Kellerman said he was honored by the nomination and would be pleased to serve if approved by the Board."I appreciate everything that Toby has manifested in Fermi and know that no other human could have created the enterprise and its many thoughtfully interconnected elements as quickly, as effectively, and in as value-accretive a manner as Toby's leadership has been able to deliver."
— Larry Kellerman, Chief Power Officer and Board Nominee, Fermi AmericaFor Neugebauer, the choice was crystal clear. Kellerman, who has worked alongside Neugebauer since the earliest days of Project Matador knows Fermi's power story better than anyone."When I came up with the idea of Project Matador, I knew that Larry Kellerman was the one person I needed to convert a really great idea into a really great reality. His knowledge of power and the future of powering data centers is unmatched. Larry is uniquely qualified to steward Fermi as a Board member, and I couldn't be more pleased with his willingness to serve."
— Toby Neugebauer, Co-Founder, Fermi America



View original content:https://www.prnewswire.com/news-releases/larry-kellerman-fermis-chief-power-officer-and-architect-of-its-17-gw-energy-infrastructure-accepts-board-nomination-302760575.htmlSOURCE Toby Neugebauer

Original: Larry Kellerman, Fermi's Chief Power Officer and Architect of Its 17 GW Energy Infrastructure, Accepts Board Nomination

NEWS--CEO WAS ''FIRED FOR CAUSE''....

Local news 4/30/26
https://abc7amarillo.com/news/local/former-fermi-ceo-toby-neugebauer-fired-by-company-behind-ai-data-center-near-amarillo-project-matador-cfo-miles-everson

https://www.otcmarkets.com/filing/html?id=19394750&guid=vsv-kpInoVUnChh

Fermi Inc. Appoints Rob L. Masson II as Interim Chief Financial OfficerApril 30, 2026 3:00 AM
PR Newswire (US)

Masson Brings Significant Public Company CFO and Board Director Experience to Drive Fermi's Continued Evolution and Scalability DALLAS, April 30, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today announced the appointment of Rob L. Masson II as Interim Chief Financial Officer (CFO). Masson brings over two decades of experience in financial leadership and capital strategy, having served as CFO at a number of public and private companies.







"We're thrilled to welcome Rob to the Fermi team. His appointment marks a notable next step for the Company as we continue to build on the great momentum of Fermi's evolution from a startup to a scaled enterprise," said Marius Haas, Chairman of the Board of Directors. "As we previously announced, Fermi 2.0 is focused on investing in talent and implementing an enhanced governance structure that best serves our stakeholders. Rob's impressive track record driving growth and enterprise value across multiple industries makes him the right match for Fermi as we continue to scale our Company and cultivate strategic investors to drive Project Matador's continued success.""I'm honored to join Fermi at a pivotal time in its evolution," said Masson. "Fermi's mission to strengthen national security, establish America's energy dominance, and power AI innovation through its Project Matador campus is incredibly important for the stakeholders it serves as well as for our country. I look forward to working closely with their talented leadership team as we continue Fermi's growth, execute on its strategic priorities, and position the company for long-term shareholder value and success."Masson brings a track record of transformational finance leadership across multiple industries including government contracting, technology and business services. He most recently served as CFO of Noble Supply & Logistics, LLC, where he drove double-digit growth during his tenure. Masson previously served as CFO & Treasurer at Latham Group, Inc., and as EVP, CFO at Hypertherm, Inc. Previously, he served as Vice President Finance at Flowserve Corporation and held multiple roles from 2003 to 2016 at Raytheon Technologies, including, most recently, as CFO of Intelligence, Surveillance & Reconnaissance Systems (ISRS).From 1992 to 2001, Masson served in the United States Navy as a Lieutenant and Naval Aviator. He holds a Master of Business Administration from Harvard Business School as well as a Bachelor of Science in Economics from the US Naval Academy.Masson currently serves on the Boards of Directors of Intuitive Machines, Inc., and Tech-Etch, Inc.About Fermi America™Fermi America™ (Nasdaq & LSE: FRMI) develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 GW of experience, to create the world's largest, 11 GW next-gen private grid, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing.Forward-Looking StatementsStatements contained in this press release which are not historical facts, such as those relating to future events, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Fermi undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Investors should consult further disclosures and risk factors included in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, the Registration Statement on Form S-8 and other documents filed from time to time with the SEC by Fermi.



View original content to download multimedia:https://www.prnewswire.com/news-releases/fermi-inc-appoints-rob-l-masson-ii-as-interim-chief-financial-officer-302758379.htmlSOURCE Fermi Inc.

Original: Fermi Inc. Appoints Rob L. Masson II as Interim Chief Financial Officer

Kuehn Law Encourages Investors of Fermi Inc. to Contact Law FirmApril 29, 2026 6:13 PM
PR Newswire (US)

NEW YORK, April 29, 2026 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Fermi Inc. (NASDAQ: FRMI) breached their fiduciary duties to shareholders. 







According to a federal securities lawsuit, Insiders at Fermi caused the company to misrepresent or fail 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.If you currently own FRMI and purchased prior to October 1, 2025 please contact Justin Kuehn, Esq. by email at justin @RJ. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights. Why Your Participation Matters:As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™ For additional information, please visit Shareholder Derivative Litigation - Kuehn Law.Attorney advertising. Prior results do not guarantee similar outcomes.Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968

According to news articles out recently frmi project is supposed to be built on federal land, but the project property is currently not on federal land. Article also said this may present a big problem in getting any federal fundings. Therefore the project must be stopped now and be moved to a federal property

I just now I found this stock. Very attractive stock with the potential to go ballistic.

$FRMI: And followed by PUT Sellers now....................

Very bullish.

This is going back to over $15

Now at $6


GO $FRMI

$FRMI: Wow... MORE CALLS being loaded... 6/18 $$7calls...............

Almost $4Milly worth.

This is gonna BOUNCE HARDDDDDDDDDDDDDDDDDDDDDD


Share price now at $5.50


I can't say this loud enough............. LOOOOADDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD

Venmo me when you win like me


GO $FRMI

/U P D A T E -- Fermi Inc./April 21, 2026 11:54 PM
PR Newswire (US)

In the news release, FERMI PROVIDES BUSINESS UPDATE, issued April 21, 2026 by Fermi Inc. over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:
FERMI PROVIDES BUSINESS UPDATE
DALLAS, April 21, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ ("Fermi" or the "Company"), subsequent to the Company's announcement of Fermi 2.0 on April 20, 2026, has received significant and positive feedback from multiple potential tenants, the Company's landlord, the Texas Tech University System, as well as suppliers, vendors, contractors, financing sources, and other partners. The Company is gratified by that feedback and is pursuing Fermi 2.0's business and leadership objectives with all deliberate speed.







The Company also acknowledges receipt of a letter from Mr. Toby Neugebauer, and has reviewed a press release issued by him, calling for the initiation of a process for the immediate sale of the Company. As Mr. Neugebauer indicated in his press release, he was removed from his position on April, 17, 2026,  after careful consideration by the Company's Board of Directors in accordance with its fiduciary duties. Given recent changes in leadership, which position the Company for its next chapter of growth and evolution from a startup to a scaled enterprise, the Company firmly believes a sale is not in the best interest of its continued momentum on Project Matador, ability to serve potential tenants and long-term value creation for shareholders. The Board, consistent with its fiduciary duties, will carefully review all avenues to maximize shareholder value, which include continued execution of its business plan, strategic investments from third parties, joint ventures or other transactions.About Fermi America™Fermi America™ (Nasdaq & LSE: FRMI) develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 GW of experience, to create the world's largest, 11 GW next-gen private grid, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing.Forward-Looking StatementsStatements contained in this press release which are not historical facts, such as those relating to future events, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Fermi undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Investors should consult further disclosures and risk factors included in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, the Registration Statement on Form S-8 and other documents filed from time to time with the SEC by Fermi.Update: Company boilerplate and disclosure language have been updated. 



View original content to download multimedia:https://www.prnewswire.com/news-releases/fermi-provides-business-update-302749474.htmlSOURCE Fermi Inc.

Original: /U P D A T E -- Fermi Inc./

FERMI PROVIDES BUSINESS UPDATEApril 21, 2026 8:25 PM
PR Newswire (US)

DALLAS, April 21, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ ("Fermi" or the "Company"), subsequent to the Company's announcement of Fermi 2.0 on April 20, 2026, has received significant and positive feedback from multiple potential tenants, the Company's landlord, the Texas Tech University System, as well as suppliers, vendors, contractors, financing sources, and other partners. The Company is gratified by that feedback and is pursuing Fermi 2.0's business and leadership objectives with all deliberate speed.







The Company also acknowledges receipt of a letter from Mr. Toby Neugebauer, and has reviewed a press release issued by him, calling for the initiation of a process for the immediate sale of the Company. As Mr. Neugebauer indicated in his press release, he was removed from his position on April, 17, 2026,  after careful consideration by the Company's Board of Directors in accordance with its fiduciary duties. Given recent changes in leadership, which position the Company for its next chapter of growth and evolution from a startup to a scaled enterprise, the Company firmly believes a sale is not in the best interest of its continued momentum on Project Matador, ability to serve potential tenants and long-term value creation for shareholders. The Board, consistent with its fiduciary duties, will carefully review all avenues to maximize shareholder value, which include continued execution of its business plan, strategic investments from third parties, joint ventures or other transactions.About Fermi America™Fermi America™ (NASDAQ & LSE: FRMI) (fermiamerica.com) is pioneering the development of next-generation private electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary Rick Perry and Co-Founder and former Co-Managing Partner of Quantum Energy Toby Neugebauer, Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world's largest, 17 GW next-generation private HyperGrid campus. Project Matador is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence.Additional Information and Where to Find ItIf the Company determines to hold a special meeting of shareholders, the Company will file a proxy statement on Schedule 14A, an accompanying white proxy card and other relevant documents with the Securities and Exchange Commission (the "SEC") in connection with the solicitation of proxies from the Company's shareholders for such meeting. SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ THE COMPANY'S DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), IF ANY, AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY, IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders may obtain a copy of any definitive proxy statement of the Company, an accompanying white proxy card, any amendments or supplements thereto and other documents filed by the Company with the SEC if and when they become available at no charge at the SEC's website at www.sec.gov. Copies will also be available at no charge in the "SEC Filings" subsection of the Company's Investor Relations website at https://fermiamerica.com/ or by contacting the Company's Investor Relations Department at IR@fermiamerica.com, as soon as reasonably practicable after such materials are electronically filed with, or furnished to, the SEC.Participants in the SolicitationIf the Company determines to hold a special meeting of shareholders, the Company, its directors and certain of its executive officers may be deemed participants in the solicitation of proxies from the Company's shareholders in connection with matters to be considered at such special meeting of shareholders. Information regarding the direct and indirect interests, by security holdings or otherwise, of the Company's directors and executive officers is included in the Company's final prospectus, filed with the SEC on October 1, 2025, the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 30, 2026, and in the Company's Current Reports on Form 8-K filed with the SEC from time to time. Changes to the direct or indirect interests of the Company's directors and executive officers are set forth in SEC filings on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4. These documents are available free of charge as described above. Updated information regarding the identities of potential participants and their direct or indirect interests, by security holdings or otherwise, in the Company will be set forth in the definitive proxy statement for the Company's special meeting of shareholders and other relevant documents to be filed with the SEC, if and when they become available.Forward-Looking StatementsStatements contained in this press release which are not historical facts, such as those relating to future events, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Fermi undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Investors should consult further disclosures and risk factors included in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, the Registration Statement on Form S-8 and other documents filed from time to time with the SEC by Fermi. 



View original content to download multimedia:https://www.prnewswire.com/news-releases/fermi-provides-business-update-302749474.htmlSOURCE Fermi Inc.

Original: FERMI PROVIDES BUSINESS UPDATE

$FRMI: I put my money on the whalers..................

Cuz the business is legit hence the posturing and positioning heavy on those calls.

Just look at the crazy stuff going on with $CAR this past month................ 2 hedgies squeezing out the shorts like a nasty pimple and its going
bezerk like Gamestop Ver#2

Lots of wild stuff going on in the markets these days............ just make sure you position yourself in a spot where you can catch a snapback that works
in your favor.


GO $FRMI

Based on the midnight news last evening, it sounds like a huge "family squabble". It certainly takes a lot of muscle to oust a 40% owner from his position.

It seems like the option purchase may have some insight into the behind-the-scenes reasons / who did it.

I would put my bet on the muscle that did this, although it may take a long time and be ugly in-between.

Anybody have any insight or thoughts?

Toby Neugebauer Incredibly Bullish on Project Matador and Calls for Sale of Company to Maximize Shareholder ValueApril 21, 2026 12:06 AM
PR Newswire (US)

Toby Neugebauer Praises Team for Creating the Nation's Most Attractive Power AssetToby Neugebauer, His Immediate Family and Former Executives Hold ~40% of Fermi Shares – Toby Has Not Sold Single Share Since IPO - Aligned with ShareholdersToby Neugebauer Committed to Helping Run a Sale Process in Order to Maximize Shareholder ValueDALLAS, April 21, 2026 /PRNewswire/ -- Toby Neugebauer, Co-Founder and largest shareholder of Fermi Inc. (d/b/a Fermi America) (Nasdaq: FRMI) ("Fermi" or the "Company"), a company that is building the world's largest private power grid to ensure global hyperscaler companies can continue innovating at scale, today celebrated his team's accomplishments and reiterated his bullish stance on Project Matador, while indicating that he currently favors a formal sale process to maximize shareholder value.Fermi is creating the most efficient and effective solution for the AI energy crisis, defining a completely new market product with the world's largest private power grid that is tenant-ready and of national consequence. Since handed the keys to the property last July, Mr. Neugebauer and his management team assembled the physical infrastructure and globally-coveted long-lead time items for over 2 gigawatts of total power generation, garnered the nation's second largest 6 GW Clean Air Permit, secured Nuclear Regulatory Commission (NRC) acceptance of the nation's first large-scale nuclear Combined Operating License (COL) application in 15 years, completed the initial phase of horizontal construction, and inked over $1 billion of financing with world-class financial partners for the world's largest private energy campus. The team's accomplishments have been recognized by vendors, political leaders, investors and potential customers who have visited the site and marveled at the progress.Mr. Neugebauer and his immediate family members, and other c-suite executives and management that departed Friday, own ~40% of the shares. While other co-founders sold, Mr. Neugebauer and his immediate family members have not traded a single share beyond the amount the company automatically withheld to cover taxes.  Mr. Neugebauer has been and continues to be aligned with what is in the best interest of all shareholders, including the employee shareholders who are building a world-class asset in real time.Mr. Neugebauer, who was notified by the board on Friday that he was he was removed as CEO without cause, ultimately cares about making money for all shareholders more than finishing what he and his team started, and is therefore calling on the Fermi board to conduct an immediate process, led by an independent investment bank, for the sale of the Company to a third party.  As the largest shareholder of the Company, he stands ready to fully support the sale effort.Contacts
Nick Lamplough / Dan Moore
Collected Strategies
212-379-2072



View original content:https://www.prnewswire.co.uk/news-releases/toby-neugebauer-incredibly-bullish-on-project-matador-and-calls-for-sale-of-company-to-maximize-shareholder-value-302748110.html

Original: Toby Neugebauer Incredibly Bullish on Project Matador and Calls for Sale of Company to Maximize Shareholder Value

Toby Neugebauer Incredibly Bullish on Project Matador and Calls for Sale of Company to Maximize Shareholder ValueApril 20, 2026 11:51 PM
PR Newswire (US)

Toby Neugebauer Praises Team for Creating the Nation's Most Attractive Power AssetToby Neugebauer, His Immediate Family and Former Executives Hold ~40% of Fermi Shares – Toby Has Not Sold Single Share Since IPO - Aligned with ShareholdersToby Neugebauer Committed to Helping Run a Sale Process in Order to Maximize Shareholder ValueDALLAS, April 20, 2026 /PRNewswire/ -- Toby Neugebauer, Co-Founder and largest shareholder of Fermi Inc. (d/b/a Fermi America) (Nasdaq: FRMI) ("Fermi" or the "Company"), a company that is building the world's largest private power grid to ensure global hyperscaler companies can continue innovating at scale, today celebrated his team's accomplishments and reiterated his bullish stance on Project Matador, while indicating that he currently favors a formal sale process to maximize shareholder value.Fermi is creating the most efficient and effective solution for the AI energy crisis, defining a completely new market product with the world's largest private power grid that is tenant-ready and of national consequence. Since handed the keys to the property last July, Mr. Neugebauer and his management team assembled the physical infrastructure and globally-coveted long-lead time items for over 2 gigawatts of total power generation, garnered the nation's second largest 6 GW Clean Air Permit, secured Nuclear Regulatory Commission (NRC) acceptance of the nation's first large-scale nuclear Combined Operating License (COL) application in 15 years, completed the initial phase of horizontal construction, and inked over $1 billion of financing with world-class financial partners for the world's largest private energy campus. The team's accomplishments have been recognized by vendors, political leaders, investors and potential customers who have visited the site and marveled at the progress.Mr. Neugebauer and his immediate family members, and other c-suite executives and management that departed Friday, own ~40% of the shares. While other co-founders sold, Mr. Neugebauer and his immediate family members have not traded a single share beyond the amount the company automatically withheld to cover taxes.  Mr. Neugebauer has been and continues to be aligned with what is in the best interest of all shareholders, including the employee shareholders who are building a world-class asset in real time.Mr. Neugebauer, who was notified by the board on Friday that he was he was removed as CEO without cause, ultimately cares about making money for all shareholders more than finishing what he and his team started, and is therefore calling on the Fermi board to conduct an immediate process, led by an independent investment bank, for the sale of the Company to a third party.  As the largest shareholder of the Company, he stands ready to fully support the sale effort.Contacts
Nick Lamplough / Dan Moore
Collected Strategies
212-379-2072



View original content:https://www.prnewswire.com/news-releases/toby-neugebauer-incredibly-bullish-on-project-matador-and-calls-for-sale-of-company-to-maximize-shareholder-value-302748092.htmlSOURCE Toby Neugebauer

Original: Toby Neugebauer Incredibly Bullish on Project Matador and Calls for Sale of Company to Maximize Shareholder Value

$FRMI: Pay attention now........ Big-calls buying 5/15 $6calls

https://fermiamerica.com/

Almost $800k bought here on the 5/15 calls here even with stock down..... $0.78 premium.

I would start loading now.... news today that CEO and CFO departing but still calls bought ??

Someone knows something following that $9 flow last week that I mentioned for the first time here.

Take advantage... this is definitely UOA !!!!!!!!!!

ALSO ......... STIFEL has a $29 PriceTarget on this with SharePrice now down to $5.50.



GO $FRMI

Fermi Inc. Announces "Fermi 2.0" Strategic Evolution, New Board Chairman, Leadership Transitions, and New Office LocationsApril 20, 2026 2:27 AM
PR Newswire (US)

Next Phase of Evolution Marks Transition from Start-Up to Scaled EnterpriseNames New Chairman of the Board, Marius Haas, and Board Director Jeffrey S. SteinAffirms Ongoing Commitment to Project Matador Buildout, Texas Tech Partnership and Serving America's Energy NeedsDALLAS, April 20, 2026 /PRNewswire/ -- Fermi Inc. ("Fermi" or the "Company") today announced a series of strategic and leadership initiatives under a new phase of the Company's evolution as it continues to progress along its path to becoming a mature, established entity, well positioned for long-term, sustainable growth. Following notable achievements for Project Matador across construction, buildout and regulatory milestones, these developments will position Fermi for its next chapter of innovation, operational excellence, and client-focused service.







A New Chapter: Fermi 2.0Fermi 2.0 represents a comprehensive progression of the Company's strategic direction, governance structure, and operating platform. Building on its existing strengths, the Company intends to:Deepen its relationships with academic and community partners, including the Texas Tech University System ("TTUS")Enhance the experience and outcomes for its clients and tenantsInvest in talent, technology, and infrastructure from its new Dallas headquarters and Amarillo officeStrengthen governance and leadership succession under an independent, high-caliber BoardMemorialize binding commitments for the first set of client-tenantsCultivate strategic investors including client-tenants, sovereign funds, and third parties whose participation will prove immediately accretive to shareholdersContinue to move forward at "FermiSpeed" with its nuclear buildout"Project Matador has the potential to deliver generational impact—not just for TTUS, but for national security, American energy independence, and the future of advanced research and industry in West Texas," said Chancellor Brandon Creighton. "TTUS remains firmly committed to our partnership with Fermi America and to the long-term opportunity this project represents for our region, our state, and the nation. Building on that progress, we are actively engaged in good-faith discussions to extend certain milestones in the lease agreement as we advance Project Matador into its next phase."Under Fermi 2.0, the Company will implement the following key changes:New LeadershipFermi has announced that, effective immediately, Lead Independent Board Director Marius Haas has stepped into the role of Chairman of the Board. Fermi co-founder Toby Neugebauer has departed from his role as Chief Executive Officer, but he remains a member of the Board."I'm incredibly proud of what our team has built and am honored to step into the position of Chairman," said Haas. "In addition to my role as a director on Fermi's Board since founding, I have served on a number of public company boards and leadership teams in the technology sector. I look forward to lending my expertise to chairing Fermi's Board at an exciting time in the Company's evolution as we continue to execute on the success of Project Matador and identify new leadership for our next chapter." In connection with this transition, Fermi is in negotiations with a candidate to serve as Interim Chief Financial Officer. The Company looks forward to sharing details on its Interim CFO this week. Miles Everson has resigned as CFO and has been elected as a Board Director as a result of the exercise of director designation rights held by the Melissa A. Neugebauer 2020 Trust.Additionally, Jeffrey S. Stein has been elected to the Board of Directors, bringing extensive public and private company leadership and energy expertise.Creation of Office of the CEOTo ensure continuity and operational momentum during the CEO transition, Fermi's Board has established a new Office of the CEO that will act as the Company's interim operational leadership team. This office will be composed of Jacobo Ortiz Blanes, previously Chief Operating Officer, and Anna Bofa, previously a Board Advisor, each of whom has been appointed as a Co-President of the Company and share in the responsibilities previously held by Toby Neugebauer. In this capacity, Ortiz Blanes and Bofa will report to Board Chair Haas and collectively oversee day-to-day operations and execution of Fermi 2.0, while a search for a new CEO is underway.Bofa has been an instrumental advisor to Fermi's Board and leadership team, with a track record of building trusted relationships with key partners including TTUS, the Company's shareholders, and—most importantly—its clients and tenants, especially in the tech industry.Ortiz Blanes has led Fermi since its inception and has been pivotal to guiding the company's operational initiatives and driving its growth trajectory through partnerships, shareholder relationships, and the unprecedented buildout of Project Matador."The Office of the CEO is designed to provide stable, experienced leadership during this important transition," said Haas. "Jacobo and Anna each bring critical strengths that will help us maintain operational excellence, deepen our partnerships, and keep our clients and tenants at the center of everything we do."Leadership Search CommitteeFermi's Board of Directors has initiated a formal search process for the Company's next CEO and has engaged leading executive search firm Heidrick & Struggles. A committee composed of Haas and independent directors Lee McIntire and Cordel Robbin-Coker will work in conjunction with Heidrick to identify and recommend CEO candidates who can drive Fermi 2.0 forward and build on the legacy established by its founders."Our mandate is clear," said McIntire. "We are seeking a leader with strong operational expertise, a deep commitment to Fermi's mission, strong public company experience, and a demonstrated ability to work in close partnership with our stakeholders, including our clients, tenants, university and community partners, and shareholders."New Corporate OfficesAs part of Fermi 2.0, the Company will establish a new corporate headquarters in Dallas, Texas and will be building out a corporate office presence at its Project Matador site in Amarillo, Texas. These new offices underscore Fermi's commitment to Texas as a strategic hub for its operations, partnerships, and growth, and reflect the Company's maturation from a start-up to a scaled enterprise."Dallas offers world-class talent, a dynamic business environment, and proximity to many of our key stakeholders, and Amarillo provides us with on-site presence to Project Matador's buildout and close proximity to our partners at TTUS," said Bofa."Fermi is evolving from an entrepreneurial start-up culture into a public-company-caliber professional enterprise. Establishing an official presence in Dallas (within a premier office park location to be announced) and Amarillo represents an important step in that evolution. Our new offices will serve as a platform for deeper collaboration with partners and will enhance our ability to serve our clients and tenants," said Ortiz Blanes.Biographies:Marius Haas – Chairman of the BoardMarius Haas is a Founding Partner of BayPine. Haas has spent most of his career leading executive teams and organizations in the technology and enterprise solutions industry, and has significant expertise in digital transformation, emerging technologies, and B2B business models. His career includes senior leadership roles at Dell Technologies, Hewlett-Packard (Chief Strategy Officer and Head of Global M&A), Compaq and Intel Corporation.Prior to BayPine, Haas served as President and Chief Commercial Officer of Dell Technologies, which had over $90 billion of revenue in fiscal year 2020. He played an instrumental role as a senior operating executive in the take-private of Dell in 2013, the subsequent integration of Dell, EMC, and VMware in 2016, and the strategic transformation of Dell from a commodity PC supplier into a leading provider of strategic technology infrastructure and managed enterprise solutions.Haas currently serves on the boards of Harbor, HydroBlok NA, and Fermi America. He also has served as an industry advisor to KKR's technology investment team. Haas holds a BA from Georgetown University and an MBA from the American Graduate School of Global Management.Jacobo Ortiz Blanes – Co-President, Office of the CEOJacobo Ortiz Blanes is the former Chief Operating Officer of the Company. He has led the acquisition, construction and management of several real estate transactions valued at more than $280M.In 2008, Ortiz Blanes founded Las Brisas Property Management, which is an economic group dedicated to property and construction management, and real estate consulting services, where he currently serves as its President. Las Brisas Property Management is the largest real estate services firm in Puerto Rico and the Caribbean, in terms of scale and scope for service offerings, with ten million square feet of office, industrial, retail, and assets under management, and employs 70 full-time employees.Before founding Las Brisas Property Management, Ortiz Blanes worked for 15 years as a marketing manager with S. C. Johnson & Son, Inc., one of the largest American multinationals privately held manufacturing companies, leading the development of household cleaning supplies and other consumer chemicals.Ortiz Blanes graduated from Haverford College with a Bachelor of Arts degree in Political Science. He serves on the board of United Surety & Indemnity Company, a Puerto Rican insurance company founded in 1990, and is also a member of its Investment Committee. Ortiz Blanes also holds a Master of Science degree in Food Marketing from Cornell University. He has professional accreditations as a Licensed Real Estate Broker and Certified Property Manager from the Institute of Real Estate Management.Anna Bofa – Co-President, Office of the CEOAnna Bofa served Fermi's board and management team as a Board Observer since its IPO, bringing an extensive track record of scaling businesses and driving key partnerships. Her technology career spans nearly two decades, during which she has helped build category-defining technology platforms.Bofa began her career at Google, was an early team member at Dropbox and Pinterest, and later served as a Global Head of Product Programs at Meta, where she helped launch and scale global initiatives. She is also the Co-Founder of Crate AI, a company pioneering models that unlock new layers of internet personalization.Bofa brings deep expertise in strategy and execution, with a proven history of driving growth, adoption, partnerships and monetization across the world's most recognized technology companies.Bofa holds a Bachelor's degree from Dartmouth College.Jeffrey S. Stein – Board DirectorJeffrey S. Stein is Co-Founder and Managing Partner of Breakpoint Advisory Partners LLC, a boutique corporate advisory and investment banking firm that provides consulting services to companies navigating complex transactions and strategic transformations. Stein is an accomplished corporate executive and director, including leadership and committee positions, of both public and private companies. Stein has served as an Executive Chairman, Chief Executive Officer, and as a director on audit, compensation, corporate governance, finance, and risk committees.Stein currently serves as Chairman of the Board of Octave Specialty Group, Inc. Stein previously served as a director on the boards of Sunnova Energy International Inc., Vertex Energy, Inc., Rite Aid Corporation, Troika Media Group, Inc., Aearo Technologies LLC, GWG Holdings Inc., Intelsat Connect Finance S.A., NMC Health plc, Westmoreland Coal Company, and Dynegy Inc.About Fermi America™Fermi America™ (NASDAQ & LSE: FRMI) (fermiamerica.com) is pioneering the development of next-generation private electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary Rick Perry and Co-Founder and former Co-Managing Partner of Quantum Energy Toby Neugebauer, Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world's largest, 17 GW next-generation private HyperGrid campus. Project Matador is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence. 



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Original: Fermi Inc. Announces "Fermi 2.0" Strategic Evolution, New Board Chairman, Leadership Transitions, and New Office Locations

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Fermi America™ Reports Fiscal Year 2025 Earnings, Marking Operational Milestones on the Path to 17 GW of Private PowerMarch 30, 2026 7:00 AM
PR Newswire (US)

AMARILLO, Texas, March 30, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™, today filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission, which includes the fiscal year 2025 shareholder letter as an exhibit.







The 8-K and shareholder letter will be available on Fermi America's investor relations website at investor.fermiamerica.com.Webcast and Conference CallFermi America's management team will host a live webcast and conference call on Monday, March 30, 2026, at 9:00 AM Eastern Time/2:00 PM British Summer Time.A replay of the webcast and transcript of the call will also be made available on the Company's investor relations website.Live Webcast:https://www.webcaster5.com/Webcast/Page/3144/53677Dial-in (U.S. toll-free): (888) 506-0062International dial-in: +1 973 528 0011Participant Access Code: 545633Registered participants may join up to 15 minutes before the start time.Disclosure InformationFermi America uses its investor relations website (investor.fermiamerica.com), its X account (@FermiAmerica), its Facebook page (facebook.com/fermiamerica), and its LinkedIn page (linkedin.com/company/Fermi-America/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, investors should monitor these websites in addition to following Fermi America's press releases, Securities and Exchange Commission (SEC) filings, public conference calls, and public webcasts.Investor Relations Contact:Rodrigo Acunair@fermiamerica.comMedia Contact:Lexi Swearingenmedia@fermiamerica.comAbout Fermi America™Fermi America™ (NASDAQ & LSE: FRMI) (fermiamerica.com) is pioneering the development of next-generation private electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary Rick Perry and Co-Founder and former Co-Managing Partner of Quantum Energy Toby Neugebauer, Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world's largest, 17 GW next-generation private HyperGrid campus. Project Matador is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence.Forward-Looking StatementsThis press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "will be," "will likely result," "should," "expects," "plans," "anticipates," "could," "would," "foresees," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "outlook," or "continue" or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks. 



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Original: Fermi America™ Reports Fiscal Year 2025 Earnings, Marking Operational Milestones on the Path to 17 GW of Private Power

Fermi America™ Files Second Clean Air Permit Application with TCEQ for 5 GW of Additional Power for Its Project Matador Private GridMarch 27, 2026 7:28 PM
PR Newswire (US)

TCEQ Issued Fermi America's First ~6 GW Clean Air Permit on February 25, 2025As Promised, New 5 GW Application Filed Within Weeks of the Site's First 6 GW Clean Air Permit ApprovalWith a Potential 11 GW of Clean Natural Gas, 4.4 GW of Nuclear, Solar and Battery Power, Campus Targets 17 GW of CapacityAMARILLO, Texas, March 27, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI), operating as Fermi America™ today filed an additional 5 GW Clean Air Permit Application with the Texas Commission on Environmental Quality (TCEQ).







The filing, made directly on the heels of Project Matador's first approved 6 GW Clean Air Permit last month reflects Fermi's target of ~17 GW of total power including 11 GW of clean natural gas, combined with nuclear energy, solar and battery sources."America's hyperscalers need power certainty at a scale that the grid simply can't accommodate at this time," said Toby Neugbauer, Co- founder and CEO of Fermi America. "While the industry looks to add measurable power to the grid in the coming years, Fermi has already secured the assets to bring ~2.5 GW of gas-fired power generation (in combined cycle) online."America's energy needs are surging across every sector — from AI and advanced computing to domestic manufacturing, defense, and industrial reshoring. Fermi's private power grid is being built to meet the need without expecting hard-working Americans to foot the bill.As the only private power grid of its kind with over 2 GW of secured long lead time generation assets, an approved ~6 GW Clean Air Permit, a filed 5 GW Clean Air Permit Application, committed equipment finance, and a clear path to 17 GW of power, Fermi America is positioned to meet hyperscaler demand so that America's great innovators can continue to grow with the sense of urgency that this moment in time demands.For media inquiries:
Lexi Swearingen
Media@FermiAmerica.comFermi America™ official business information
Legal Entity: Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI)
Brand Name: Fermi America™
Address: 620 S Taylor St #301 Amarillo, TX 79101-2436
Website: https://fermiamerica.com/About Fermi America™:Fermi America™ (NASDAQ & LSE: FRMI) is an advanced energy and hyperscaler development company with a mission to power the future of artificial intelligence directly to the world's most compute-intensive businesses through its flagship initiative, Project Matador. Co-founded by former U.S. Energy Secretary Rick Perry and Co-Founder and former Co-Managing Partner of Quantum Energy Partners Toby Neugebauer, Fermi America™ combines a deep bench of proven world-class multi-disciplinary leaders and over 2 GW of secured long lead time natural gas generation assets to build the world's largest next-gen private grid campus. Ultimately constructing 17 GW of private, low-carbon, on-demand power, Project Matador is expected to integrate a large combined-cycle natural gas project, advanced nuclear power generation, utility grid power, solar power, and battery energy storage to support hyperscale AI and advanced compute at scale.Forward-Looking Statements:This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "will be," "will likely result," "should," "expects," "plans," "anticipates," "could," "would," "foresees," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "outlook," or "continue" or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks.










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Original: Fermi America™ Files Second Clean Air Permit Application with TCEQ for 5 GW of Additional Power for Its Project Matador Private Grid

Fermi America™ Secures $165 Million Equipment Financing Facility from CSG Investments, an Affiliate of Beal Bank USA, to Accelerate Delivery of Six SGT-800 Gas Turbines for 2028 Delivery at Project MatadorMarch 27, 2026 7:05 AM
PR Newswire (US)

Fermi America Executes Second Turbine Warehouse Financing Facility in Two Months, Surpassing $865 Million in Equipment Financing for Project MatadorThis Fleet of Siemens Energy Units is Scheduled to Arrive in 2028, Consistent with Project Matador's Scheduled Power RampAMARILLO, Texas, March 27, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI), operating as Fermi America™, today announced that it has secured a $165 million senior secured, first lien delayed draw term loan from CSG Investments, Inc., an affiliate of Beal Bank USA, to finance the remaining progress payments on its previously ordered six Siemens Energy SGT-800-57 gas turbines, with delivery scheduled in 2028. 







A private energy campus built to deliver power at true hyperscale so that the world's leading companies can continue innovating at the speed of capitalism — Project Matador combines clean natural gas, advanced nuclear, solar, and battery storage into a single, integrated HyperGrid™. Anchored by Siemens Energy SGT-800 gas turbines as the near-term foundation, the campus is designed to ultimately generate 17GW of firm, low-carbon, on-demand power — with AP1000 advanced nuclear reactors as the long-term backbone. With an approved ~6GW Clean Air Permit, plans to file an additional ~5GW Clean Air Permit, and over $865 million in equipment financing, Project Matador continues to accelerate and execute key milestones that are critical to achieving near and long term success.The Borrower of the facility is Fermi Turbine Warehouse II LLC, a wholly owned special purpose entity of Fermi Inc.The transaction follows Fermi America's $500 million turbine warehouse facility with MUFG Bank, Ltd. and the ~$200 million facility from Keystone National Group, both closed in February 2026."Every dollar of capital we secure is highly intentional and is a vote of confidence in Project Matador," said Toby Neugebauer, Chief Executive Officer and Co-Founder of Fermi America. "At a time when supply chain logs for long lead time items and connection queues are holding back America's leading companies, Fermi is helping provide the ramp needed to access clean, redundant power certainty in an uncertain market.""We have tremendous respect for the CSG and Beal Bank USA teams - they brought real expertise in asset finance to this transaction and moved with speed and professionalism at every step," affirmed John Donovan, Executive Vice President of Capital Markets for Fermi America. "This facility is a testament to the growing institutional confidence in Project Matador's asset quality and our team's ability to execute. We look forward to deepening this relationship as we continue to scale our platform."Key Financing Highlights$165 million senior secured, first lien delayed draw term loan with CSG Investments, Inc., an affiliate of Beal Bank USARepeatable warehouse structure designed to support future turbine equipment purchases prior to project financingFinances six Siemens Energy SGT-800-57 (57MW) gas turbines with deliveries scheduled in pairs throughout 2028Funds 100% of remaining Siemens Energy progress payment obligationsVinson & Elkins LLP served as Fermi's transaction counsel and Davis Polk & Wardwell LLP served as Lender's Counsel.Fermi America recognizes Siemens Energy for its continued partnership in securing these long-lead, high-demand generation assets central to Project Matador's power delivery timeline.America's demand for firm, reliable, private power has never been greater. Hyperscalers, defense contractors, semiconductor manufacturers, and advanced computing operators are confronting the same reality: the public grid was not designed for the voracious compute needs of AI, nor should ratepayers fund the solution.For media inquiries:
Lexi Swearingen
Media@FermiAmerica.comFermi America™ official business information
Legal Entity: Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI)
Brand Name: Fermi America™
Address: 620 S Taylor St #301 Amarillo, TX 79101-2436
Website: https://fermiamerica.com/About Fermi America™:
Fermi America™ (NASDAQ & LSE: FRMI) is an advanced energy and hyperscaler development company with a mission to power the future of artificial intelligence directly to the world's most compute-intensive businesses through its flagship initiative, Project Matador. Co-founded by former U.S. Energy Secretary Rick Perry and Co-Founder and former Co-Managing Partner of Quantum Energy Partners Toby Neugebauer, Fermi America™ combines a deep bench of proven world-class multi-disciplinary leaders and over 2GW of secured long lead time natural gas generation assets to build the world's largest next-gen private grid campus. Ultimately constructing 17 GW of private, low-carbon, on-demand power, Project Matador is expected to integrate a large combined-cycle natural gas project, advanced nuclear power generation, utility grid power, solar power, and battery energy storage to support hyperscale AI and advanced compute at scale.About CSG Investments, Inc. and Beal Bank USA:
CSG Investments, Inc. is a global buy-and-hold institution headquartered in Dallas, Texas. We provide flexible and creative capital solutions for all types of commercial and industrial customers. CSG Investments, Inc. is an affiliate of Beal Bank USA, a strongly capitalized financial institution. CSG Investments, Inc. is a direct, one-stop source of capital for up to $1 billion per transaction.Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "will be," "will likely result," "should," "expects," "plans," "anticipates," "could," "would," "foresees," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "outlook," or "continue" or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks.










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Original: Fermi America™ Secures $165 Million Equipment Financing Facility from CSG Investments, an Affiliate of Beal Bank USA, to Accelerate Delivery of Six SGT-800 Gas Turbines for 2028 Delivery at Project Matador

Korean legislation passed Thursday ,https://www.reuters.com/world/asia-pacific/south-korean-parliament-expected-approve-350-bln-us-investment-bill-2026-03-12/which Toby Neugebauer, Co-Founder and CEO of Fermi America said Monday was needed for Fermi to begin construction on the fermi Nuclear project in 2026. , has cleared. Fermi has 2 MOUs with Korean companies ...https://www.nucnet.org/news/fermi-america-and-hyundai-e-and-c-sign-agreement-for-deployment-of-texas-reactors-8-5-2025.
The first payouts started before June of 2026

"US-based private energy developer Fermi America has signed a memorandum of understanding with South Korea’s Hyundai Engineering & Construction (Hyundai E&C) to plan and develop the nuclear component of what is designed to be the world’s largest, first-of-its kind private grid to power next-generation AI.

The two companies signed the MoU in Seoul, South Korea, setting forth the terms under which they will jointly design and execute the delivery of new nuclear power within the private grid project."

Add to that news the announcement today that fermi applys to secure 5 more GW of power which would bring the totsal to 17 GW of Power for A! generation https://www.prnewswire.com/news-releases/worlds-largest-private-grid-fermi-america-to-file-additional-5gw-clean-air-permit-for-project-matador-with-the-texas-commission-on-environmental-quality-tceq-upsizing-campus-projections-to-17gw-of-private-power-302713405.html

World's Largest Private Grid, Fermi America™ to File Additional 5GW Clean Air Permit for Project Matador with the Texas Commission on Environmental Quality (TCEQ) Upsizing Campus Projections to 17GW of Private PowerMarch 13, 2026 9:25 AM
PR Newswire (US)

New Permit to be Filed Within Weeks of the Site's First 6GW Clean Air Permit ApprovalSignals Project Matador's Plans for 17GW of Total Campus Power, Making It Largest in the WorldAdding additional high-paying construction jobs and permanent careers to the Texas PanhandleAMARILLO, Texas, March 13, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI), operating as Fermi America™, in partnership with the Texas Tech University System (TTU System), today announced its intention to file an additional 5GW Clean Air Permit with the Texas Commission on Environmental Quality (TCEQ).







The announcement made right on the heels of Project Matador's first 6GW Clean Air Permit, approved two weeks ago, signals the campus' plan to achieve ~17GW of total power including 11GW of clean natural gas, 4.4GW of nuclear energy, solar and battery sources."Leave it to Texas to answer the call for America's energy crisis," stated Toby Neugebauer, Co-Founder and CEO of Fermi America. "Why would we settle for 6GW of clean natural gas when the country needs more power, not less, and our site is beyond capable of safely producing 11GW? Fermi is pleased to steward this land and environment well, while creating additional high-paying jobs and economic development for the region."With winter storms causing grid power issues and President Trump's recent Ratepayer Protection Pledge, the only answer is private power grids.  America's energy needs are surging across every sector — from AI and advanced computing to domestic manufacturing, defense, and industrial reshoring. The public grid was not designed to scale at the speed of AI, nor should hard-working Americans foot the bill.As the only private grid campus of its kind with over 2GW of secured long lead time generation assets, an approved ~6GW Clean Air Permit, equipment finance, and a clear path to 17GW of power, Fermi America is positioned to meet hyperscaler demand so that America's great innovators can continue to grow at the speed of capitalism.  President Trump's 'Bring Your Own Power' mandate points the way — and at 17GW, Project Matador is ready to deliver power certainty at scale.For media inquiries:
Lexi Swearingen
Media@FermiAmerica.comFermi America™ official business information
Legal Entity: Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI)
Brand Name: Fermi America™
Address: 620 S Taylor St #301 Amarillo, TX 79101-2436
Website: https://fermiamerica.com/About Fermi America™:
Fermi America™ (NASDAQ & LSE: FRMI) is an advanced energy and hyperscaler development company with a mission to power the future of artificial intelligence directly to the world's most compute-intensive businesses through its flagship initiative, Project Matador. Co-founded by former U.S. Energy Secretary Rick Perry and Co-Founder and former Co-Managing Partner of Quantum Energy Partners Toby Neugebauer, Fermi America™ combines a deep bench of proven world-class multi-disciplinary leaders and over 2 GW of secured long lead time natural gas generation assets to build the world's largest next-gen private grid campus. Ultimately constructing 11GW of private, low-carbon, on-demand power, Project Matador is expected to integrate a large combined-cycle natural gas project, advanced nuclear power generation, utility grid power, solar power, and battery energy storage to support hyperscale AI and advanced compute at scale.About the Texas Tech University System:
Established in 1996, the Texas Tech University System is one of the top public university systems in the nation, consisting of five universities – Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University, Texas Tech University Health Sciences Center El Paso and Midwestern State University.Headquartered in Lubbock, Texas, the TTU System is a more than $3 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 21,000 employees and 64,000 students, more than 400,000 alums, a statewide economic impact of $19.2 billion and an endowment valued at $3 billion. In its short history, the TTU System has grown tremendously and is nationally acclaimed, operating at 20 academic locations in 16 cities (15 in Texas, 1 international).In addition, the TTU System is one of only nine in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education among other academic areas.Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "will be," "will likely result," "should," "expects," "plans," "anticipates," "could," "would," "foresees," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "outlook," or "continue" or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks.










View original content to download multimedia:https://www.prnewswire.com/news-releases/worlds-largest-private-grid-fermi-america-to-file-additional-5gw-clean-air-permit-for-project-matador-with-the-texas-commission-on-environmental-quality-tceq-upsizing-campus-projections-to-17gw-of-private-power-302713405.htmlSOURCE Fermi America

Original: World's Largest Private Grid, Fermi America™ to File Additional 5GW Clean Air Permit for Project Matador with the Texas Commission on Environmental Quality (TCEQ) Upsizing Campus Projections to 17GW of Private Power

The NRC Nuclear Conference is now live March 10 thru 12th https://www.youtube.com/user/NRCgov Fermi America will be the leader in Nuclear going forward

Watch the Nuclear Regulatory Commission's Regulatory Information Conference (NRC RIC 2026) in Rockville, Maryland If you click on the speakers name i believe it takes you to the live event
https://video.nrc.gov/

Fermi America™ Chief Nuclear Construction Officer Mesut Uzman Addresses NRC Regulatory Information Conference 2026, Showcasing Project Matador's Position as America's Most Advanced Nuclear BuildMarch 11, 2026 7:25 AM
PR Newswire (US)

Project Matador Holds the Only Active Combined Operating License Application Accepted by the NRC in More Than 15 Years — Greenlight by NRC to Break Ground ImmediatelyFermi America's Nuclear Program Advances in Lockstep with President Trump's Executive Orders to Restore American Nuclear LeadershipUzman Highlights Strategic Partnerships with Westinghouse, Hyundai E&C, and Doosan as Necessary to Lock Up Long Lead Time Assets and Deliver 4.4 GW of New Nuclear on Time, on BudgetAMARILLO, Texas, March 11, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI), operating as Fermi America™, in partnership with the Texas Tech University System (TTU System), today announced that Mesut Uzman, Chief Nuclear Construction Officer of Fermi America, took the stage at the Nuclear Regulatory Commission's Regulatory Information Conference (NRC RIC 2026) in Rockville, Maryland — the nation's premier annual forum where nuclear policy, regulation, and industry execution converge.







"We are answering the President's call to jumpstart America's nuclear renaissance," said Mesut Uzman, Chief Nuclear Construction Officer of Fermi America. "The only site construction-ready today, we have secured the talent, the only active large nuclear power plant COL application in progress with the NRC, and the best global nuclear partners in Hyundai E&C and Doosan Enerbility, given their track record of building dozens of reactors successfully across the globe.""China is building 30+ reactors today," added Fermi America CEO Toby Neugebauer. "Fermi did exactly what the President mandated at Fermi speed to jumpstart nuclear on American soil. Once the U.S. Government approves Project Matador for Korean investment under the recently approved Korean trade deal, we are the only site that will be ready to break ground on nuclear in 2026, a feat no one thought possible."Uzman represented the only project in America with a large-scale LWR combined license application accepted by the NRC in more than 15 years — and the only one ready to break ground. He joined an elite panel for the session "T4 Critical Links: Strengthening the Nuclear Supply Chain for Tomorrow's Reactors," sharing the floor with Mr. Matthew Vazquez, Senior Director of Standards and Certification at ASME; Mr. Rajwant Jolly, Manager of Quality at Bechtel Corporation; Mr. Sean Jones, Vice President of APX Supply Chain at Westinghouse; and Mr. HyeonSoo Kim, Director at Doosan Enerbility.The composition of the panel speaks directly to Fermi America's position at the center of America's nuclear industrial base. Westinghouse and Doosan Enerbility are both strategic partners in Project Matador's nuclear program. Their joint appearance alongside Fermi America at the NRC's most prominent annual forum signals the depth and seriousness of the partnerships driving Project Matador forward.In just nine months, Fermi America has assembled the partnerships, permits, personnel, and property to position Project Matador as the only nuclear project ready to deliver on President Trump's executive orders to restore American nuclear leadership:Fermi America filed the first Combined Operating License (COLA) in more than 15 years, accepted by the NRC for review last September.Fermi America has secured a 99-year lease from the Texas Tech University System on property adjacent to Pantex — the Department of Energy facility that has stewarded America's nuclear arsenal for 70 years.Fermi has retained the world's leading nuclear construction experts, a team, including Uzman, with a combined track record of 16 reactors successfully built on time and on budget across the globe.Fermi has partnered with Westinghouse, Hyundai E&C, and Doosan — forging the international ties required to lock up long lead time assets necessary to deliver on the President's executive orders.Hyundai E&C has committed to providing Fermi America favorable contract terms for AP1000 reactor construction at Project Matador, consistent with the proven performance of their domestic Korean nuclear builds and the Barakah Nuclear Energy Plant successfully delivered in the UAE. Fermi has launched its FEED study, with a proposal to break ground on 4.4 GW of nuclear construction at Project Matador on July 4th — with the President.The Texas Commission on Environmental Quality has granted final approval of the nation's second largest Clean Air Permit, covering 6 GW of clean natural gas power generation at the 11 GW campus as a bridge to nuclear power.Korea's leading nuclear industrial champions — Hyundai E&C and Doosan Enerbility — have entered into formal contractual relationships with Fermi America and have designated Project Matador as a top priority within their U.S. nuclear portfolios, bringing decades of proven reactor construction expertise to America's most advanced nuclear build.Project Matador is designed to answer the nation's call at a pivotal moment. As AI infrastructure, semiconductor fabrication, advanced manufacturing, and defense modernization drive an unprecedented surge in electricity demand, America needs gigawatt-scale, reliable, clean power that the public grid was never designed to deliver. Project Matador's 11 GW behind-the-meter private power grid — combining natural gas, AP1000 nuclear, solar, and battery storage — is built to meet that demand without burdening ratepayers or straining the public grid.Uzman underscored the critical role of international partnerships in delivering Project Matador on schedule. "We cannot achieve this epic goal by ourselves," Uzman said. "We are working with Doosan, Hyundai E&C, and Westinghouse — and Hyundai has been involved in the construction of 18-plus nuclear reactors in recent decades without liquidated damages. That is an unmatched global track record."Fermi America's nuclear program advances in direct alignment with President Trump's executive orders to accelerate domestic nuclear deployment, restore American nuclear manufacturing, and ensure the United States wins the AI and energy race with China.For media inquiries:
Lexi Swearingen
Media@FermiAmerica.comFermi America™ official business information
Legal Entity: Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI)
Brand Name: Fermi America™
Address: 620 S Taylor St #301 Amarillo, TX 79101-2436
Website: https://fermiamerica.com/About Fermi America™:
Fermi America™ (NASDAQ & LSE: FRMI) is an advanced energy and hyperscaler development company with a mission to power the future of artificial intelligence directly to the world's most compute-intensive businesses through its flagship initiative, Project Matador. Co-founded by former U.S. Energy Secretary Rick Perry and Co-Founder and former Co-Managing Partner of Quantum Energy Partners Toby Neugebauer, Fermi America™ combines a deep bench of proven world-class multi-disciplinary leaders and over 2 GW of secured long lead time natural gas generation assets to build the world's largest next-gen private grid campus. Ultimately constructing 11GW of behind-the-meter, low-carbon, on-demand power, Project Matador is expected to integrate a large combined-cycle natural gas project, advanced nuclear power generation, utility grid power, solar power, and battery energy storage to support hyperscale AI and advanced computing.About the Texas Tech University System: 
Established in 1996, the Texas Tech University System is one of the top public university systems in the nation, consisting of five universities – Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University, Texas Tech University Health Sciences Center El Paso and Midwestern State University. Headquartered in Lubbock, Texas, the TTU System is a more than $3 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 21,000 employees and 64,000 students, more than 400,000 alums, a statewide economic impact of $19.2 billion and an endowment valued at $3 billion. In its short history, the TTU System has grown tremendously and is nationally acclaimed, operating at 20 academic locations in 16 cities (15 in Texas, 1 international). In addition, the TTU System is one of only nine in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education among other academic areas.Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "will be," "will likely result," "should," "expects," "plans," "anticipates," "could," "would," "foresees," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "outlook," or "continue" or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks.










View original content to download multimedia:https://www.prnewswire.com/news-releases/fermi-america-chief-nuclear-construction-officer-mesut-uzman-addresses-nrc-regulatory-information-conference-2026-showcasing-project-matadors-position-as-americas-most-advanced-nuclear-build-302710904.htmlSOURCE Fermi America

Original: Fermi America™ Chief Nuclear Construction Officer Mesut Uzman Addresses NRC Regulatory Information Conference 2026, Showcasing Project Matador's Position as America's Most Advanced Nuclear Build

Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMIMarch 6, 2026 4:20 AM
PR Newswire (US)

LOS ANGELES, March 6, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Fermi Inc. ("Fermi " or "the Company") (NASDAQ: FRMI ) for violations of the federal securities laws.Shareholders who purchased shares of FRMI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD:  pursuant and/or traceable to Fermi's initial public offering ("IPO") conducted in October 2025, and/or between October 1, 2025, and December 11, 2025, both dates inclusive (the "Class Period"). DEADLINE: March 6, 2026 CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Fermi's "Project Matador" campus was largely depending on a funding commitment from a single potential tenant who was at risk of terminating this commitment. The Company understated the extent to which it relied on this tenant to investors. Based on these facts, Fermi's public statements were false and materially misleading throughout the IPO period.If you are a shareholder who suffered a loss, contact us to participate. WHY DJS LAW GROUP?  DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/fermi-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights---frmi-302706348.htmlSOURCE DJS Law Group LLP

Original: Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI

Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMIMarch 2, 2026 9:52 PM
PR Newswire (US)

LOS ANGELES, March 2, 2026 /PRNewswire/ --  The DJS Law Group  reminds investors of a class action lawsuit against Fermi Inc. ("Fermi " or "the Company") (NASDAQ: FRMI ) for violations of the federal securities laws.Shareholders who purchased shares of FRMI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD:  pursuant and/or traceable to Fermi's initial public offering ("IPO") conducted in October 2025, and/or between October 1, 2025, and December 11, 2025, both dates inclusive (the "Class Period"). DEADLINE: March 6, 2026 CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Fermi's "Project Matador" campus was largely depending on a funding commitment from a single potential tenant who was at risk of terminating this commitment. The Company understated the extent to which it relied on this tenant to investors. Based on these facts, Fermi's public statements were false and materially misleading throughout the IPO period.If you are a shareholder who suffered a loss, contact us to participate. WHY DJS LAW GROUP?  DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com



View original content:https://www.prnewswire.com/news-releases/fermi-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights---frmi-302700764.htmlSOURCE DJS Law Group LLP

Original: Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI

FRMI Court Alert: Fermi Inc. Investors File Securities Fraud Class Action Following Cancellation of $150 Million Customer Agreement – Contact BFA Law by March 6 DeadlineFebruary 26, 2026 7:07 AM
Business Wire
Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI), certain of the Company’s senior executives and directors, and underwriters of Fermi’s Initial Public Offering after a significant stock drop resulting from potential violations of the federal securities laws.


If you invested in Fermi, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/fermi-inc-class-action-lawsuit.


Key Details of the Fermi ($FRMI) Class Action:



Lead Plaintiff Deadline: March 6, 2026



Alleged Misconduct: Misstatements regarding tenant demand and funding



Stock Decline: November 13, 2025 – 33% Stock Drop



Court: U.S. District Court for the Southern District of New York



Action: Contact BFA Law to discuss your rights



Investors have until March 6, 2026, to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Fermi securities, as well as claims under Sections 11 and 15 of the Securities Act of 1933 on behalf of investors who purchased or acquired Fermi common stock pursuant and traceable to the Company’s Initial Public Offering. The case is pending in the U.S. District Court for the Southern District of New York and is captioned Lupia v. Fermi Inc., et al., No. 1:26-cv-00050.


Why is Fermi Being Sued for Violations of the Federal Securities Laws?


Fermi is an energy and AI infrastructure company that purportedly intends to build multiple, large scale nuclear reactors to support its own network of large, grid-independent data centers powered by nuclear and other energy to power AI companies. Fermi’s first project is Project Matador, its flagship, first-of-its kind energy and AI infrastructure campus designed to provide dedicated power for AI workloads.


Fermi completed its IPO in October 2025. In the IPO Registration Statement, Fermi represented that it “entered into a letter of intent . . . with an investment grade-rated tenant (the ‘First Tenant’) to lease a portion of the Project Matador Site . . . for an initial lease term of twenty years.” The Company also represented there was strong demand for Project Matador and that construction of the facility would be funded by “tenant payments” and “lease agreements.” Following the IPO, Fermi announced that the First Tenant entered into an Advance in Aid of Construction Agreement, through which it would advance up to $150 million to Fermi to fund Project Matador construction costs.


As alleged, in truth, Fermi overstated tenant demand for Project Matador and misrepresented the agreement with the First Tenant.


Why did Fermi’s Stock Drop?


On December 12, 2025, Fermi disclosed that “[o]n December 11, 2025, the First Tenant notified the Company that it is terminating the [Advance of Aid of Construction Agreement]” after “[t]he exclusivity period set forward in the letter of intent expired.” Fermi also stated that it had “commenced discussions with several other potential tenants” and “continue[s] to negotiate the terms of a lease agreement at Project Matador” with the First Tenant. This news caused the price of Fermi stock to drop $5.16 per share, or more than 33%, from a closing price of $15.25 per share on December 11, 2025, to $10.09 per share on December 12, 2025.


Click here for more information: https://www.bfalaw.com/cases/fermi-inc-class-action-lawsuit.


What Can You Do?


If you invested in Fermi, you may have legal options and are encouraged to submit your information to the firm.


All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.


Submit your information by visiting:


https://www.bfalaw.com/cases/fermi-inc-class-action-lawsuit


Or contact:

Adam McCall

adam@bfalaw.com

212.789.3619


Why Bleichmar Fonti & Auld LLP?


BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.


For more information about BFA and its attorneys, please visit https://www.bfalaw.com.


https://www.bfalaw.com/cases/fermi-inc-class-action-lawsuit


Attorney advertising. Past results do not guarantee future outcomes.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260226063186/en/
Adam McCall

adam@bfalaw.com

212.789.3619


Original: FRMI Court Alert: Fermi Inc. Investors File Securities Fraud Class Action Following Cancellation of $150 Million Customer Agreement – Contact BFA Law by March 6 Deadline

Fermi America™ Secures Final 6GW Clean Air Permit from the Texas Commission on Environmental Quality (TCEQ) for World's Largest 11 GW Private Power GridFebruary 25, 2026 4:41 PM
PR Newswire (US)

Final Air Permit Positions Fermi America Years Ahead, Having Already Contractually Secured Over 2 GW of Long Lead Time Natural Gas Generation AssetsSecures Key Regulatory Milestone, Positioning Fermi America to Mobilize Previously Announced Gas Generation Units and Supports Transition to Vertical Power Generation ConstructionBehind-the-Meter Model Preserves Public Grid Reliability and Protects Consumers and Small Businesses from Higher Utility RatesAMARILLO, Texas, Feb. 25, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) NASDAQ & LSE: FRMI), operating as Fermi America™ in partnership with the Texas Tech University System (TTU System), today announced that the Texas Commission on Environmental Quality (TCEQ) has granted final approval of the nation's second largest Clean Air Permit for 6 gigawatts (GW) of clean natural gas-based power generation at its landmark 11 GW Project Matador campus.







TCEQ approval confirms compliance with state and federal emissions standards and is a significant regulatory milestone, granting the Clean Air Permit required to begin the vertical phase of power generation construction.With air permitting secured — one of the longest lead-time approvals for large-scale energy infrastructure — Project Matador now advances into the final stages of the project finance and tenant negotiations phase. As the project transitions into the next phase of execution, Fermi America is positioned to mobilize its previously announced Siemens Energy SGT-800 gas turbine fleet, six assets currently in the port of Houston, Texas, to the Amarillo campus.The TCEQ approval underscores Texas's leadership in enabling high-impact private energy infrastructure while protecting consumer utility costs and strengthening national energy security."When it comes to responsible, scalable energy production, it's no surprise that Texas is leading the way," said Toby Neugebauer, Co-Founder and CEO of Fermi America. "We appreciate Governor Abbott's leadership, the State of Texas, and the TCEQ for their diligence in this process, while protecting the grid and ensuring that Texas ratepayers aren't left footing the bill for private AI power demand. And we are grateful for the incredible support of the Amarillo community, where we look forward to adding thousands of jobs and billions of dollars to the region's economy.""Securing the second largest Clean Air Permit in the country is yet one more significant milestone for our 11 GW private grid campus," added Fermi America Chief Communications Officer and Director of Strategic Initiatives, Cathy Landtroop. "With the issuance of today's air permit, the support of our fellow West Texans, and Toby's foresight to lock up over 2 GW of long lead time power assets, Fermi is uniquely positioned to help America's hyperscalers quickly secure the private power they need at scale."The permit follows a rigorous environmental and public review process, including technical evaluation by TCEQ engineers, air quality modeling to confirm compliance with state and federal standards, and a public notice and comment period. Final issuance confirms the project meets all applicable air quality requirements under Texas law and the federal Clean Air Act and that it will be protective of public health and the environment. Post additional analysis, environmental experts anticipate Project Matador will ultimately support up to 11 GW of clean natural gas, which the company intends to pursue.Project Matador is positioned at a pivotal moment as the United States enters a historic surge in electricity demand driven by AI, advanced manufacturing, industrial electrification, reshoring of critical supply chains, EV adoption, defense modernization, and the expansion of the digital economy. As grid capacity tightens in key regions, large commercial and industrial users are increasingly seeking dedicated, scalable generation solutions. Project Matador's gigawatt-scale platform is designed to meet this structural load growth, strengthen American competitiveness, and provide long-term, reliable power without burdening the public grid.For media inquiries:
Lexi Swearingen
Media@FermiAmerica.comFermi America™ official business information
Legal Entity: Fermi Inc. (d/b/a Fermi America) (Nasdaq & LSE: FRMI)
Brand Name: Fermi America™
Address: 620 S Taylor St #301 Amarillo, TX 79101-2436
Website: https://fermiamerica.com/About Fermi America™:
Fermi America™ (NASDAQ & LSE: FRMI) is an advanced energy and hyperscaler development company with a mission to power the future of artificial intelligence directly to the world's most compute-intensive businesses through its flagship initiative, Project Matador. Co-founded by former U.S. Energy Secretary Rick Perry and Co-Founder and former Co-Managing Partner of Quantum Energy Partners Toby Neugebauer, Fermi America™ combines a deep bench of proven world-class multi-disciplinary leaders and over 2 GW of secured long lead time natural gas generation assets to build the world's largest next-gen private grid campus. Ultimately constructing 11GW of behind-the-meter, low-carbon, on-demand power, Project Matador is expected to integrate a large combined-cycle natural gas project, advanced nuclear power generation, utility grid power, solar power, and battery energy storage to support hyperscale AI and advanced computing.About the Texas Tech University System:
Established in 1996, the Texas Tech University System is one of the top public university systems in the nation, consisting of five universities – Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University, Texas Tech University Health Sciences Center El Paso and Midwestern State University.Headquartered in Lubbock, Texas, the TTU System is a more than $3 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 21,000 employees and 64,000 students, more than 400,000 alums, a statewide economic impact of $19.2 billion and an endowment valued at $3 billion. In its short history, the TTU System has grown tremendously and is nationally acclaimed, operating at 20 academic locations in 16 cities (15 in Texas, 1 international).In addition, the TTU System is one of only nine in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education among other academic areas.Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "will be," "will likely result," "should," "expects," "plans," "anticipates," "could," "would," "foresees," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "outlook," or "continue" or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks.










View original content to download multimedia:https://www.prnewswire.com/news-releases/fermi-america-secures-final-6gw-clean-air-permit-from-the-texas-commission-on-environmental-quality-tceq-for-worlds-largest-11-gw-private-power-grid-302697603.htmlSOURCE Fermi America

Original: Fermi America™ Secures Final 6GW Clean Air Permit from the Texas Commission on Environmental Quality (TCEQ) for World's Largest 11 GW Private Power Grid

Fermi America™ Announces Fourth Quarter 2025 Earnings Call on March 30, 2026February 24, 2026 4:47 PM
PR Newswire (US)

AMARILLO, Texas, Feb. 24, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI), operating as Fermi America™, in partnership with the Texas Tech University System (TTU System), today announced that Fermi America's management team will host a live webcast and conference call on Monday, March 30, 2026 at 9:00 AM Eastern Time (8:00 AM Central Time).







During the call, management will present the company's fourth quarter and full year 2025 financial and operational results, highlight a quarter defined by rapid execution and major milestone advancement across Project Matador's 11 GW private energy campus, provide an update on the company's critical path to scale, and answer questions directly from investors.Webcast & Conference Call DetailsDate: Monday, March 30, 2026Time: 9:00 AM Eastern Time (ET)Live Webcast: https://www.webcaster5.com/Webcast/Page/3144/53677Dial-in (U.S. toll-free): (888) 506-0062International dial-in: +1 973 528 0011Participant Access Code: 545633ParticipantsToby Neugebauer — Co-Founder & Chief Executive OfficerMiles Everson — Chief Financial OfficerRodrigo Acuna — Director of Investor RelationsInvestor MaterialsFermi America's financial results, shareholder letter, and presentation slides will be posted on Fermi America's Investor Relations website at https://investor.fermiamerica.com following the earnings call. A replay of the webcast will be available on the site for at least 30 days.How to accessInvestors and media interested in accessing the live call should preregister at https://www.webcaster5.com/Webcast/Page/3144/53677 to receive dial-in details and a friendly reminder prior to the call. Registered participants may join the call up to 15 minutes before the start time.SEC FilingsFermi America's Annual Report on Form 10-K for the year ended December 31, 2025, will be filed with the U.S. Securities and Exchange Commission and made available through the SEC's website and the Investor Relations section of Fermi America's website.Media & Investor ContactsInvestor Relations: Rodrigo Acuna — IR@fermiamerica.comMedia: Lexi Swearingen — Media@fermiamerica.comFermi America™ official business informationLegal Entity: Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI)
Brand Name: Fermi America™
Address: 620 S Taylor St #301 Amarillo, TX 79101-2436
Website: https://fermiamerica.com/About Fermi America™: Fermi America™ (NASDAQ & LSE: FRMI) is an advanced energy and hyperscaler development company with a mission to power the future of artificial intelligence directly to the world's most compute-intensive businesses through its flagship initiative, Project Matador. Co-founded by former U.S. Energy Secretary Rick Perry and Co-Founder and former Co-Managing Partner of Quantum Energy Partners Toby Neugebauer, Fermi America™ combines a deep bench of proven world-class multi-disciplinary leaders and 2.3GW of secured long lead time natural gas generation assets for delivery in 2026 to build the world's largest next-gen private grid campus. Ultimately constructing 11GW of behind-the-meter, low-carbon, on-demand power, Project Matador is expected to integrate a large combined-cycle natural gas project, advanced nuclear power generation, utility grid power, solar power, and battery energy storage to support hyperscale AI and advanced computing.About the Texas Tech University System:Established in 1996, the Texas Tech University System is one of the top public university systems in the nation, consisting of five universities – Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University, Texas Tech University Health Sciences Center El Paso and Midwestern State University.Headquartered in Lubbock, Texas, the TTU System is a more than $3 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 21,000 employees and 64,000 students, more than 400,000 alums, a statewide economic impact of $19.2 billion and an endowment valued at $3 billion. The TTU System operates at 20 academic locations in 16 cities (15 in Texas, 1 international) and is one of only nine university systems in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education.Forward-Looking Statements:This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "will be," "will likely result," "should," "expects," "plans," "anticipates," "could," "would," "foresees," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "outlook," or "continue," or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks.



View original content to download multimedia:https://www.prnewswire.com/news-releases/fermi-america-announces-fourth-quarter-2025-earnings-call-on-march-30-2026-302696280.htmlSOURCE Fermi America

Original: Fermi America™ Announces Fourth Quarter 2025 Earnings Call on March 30, 2026

Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMIFebruary 20, 2026 3:29 AM
PR Newswire (US)

LOS ANGELES, Feb. 20, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Fermi Inc. ("Fermi " or "the Company") (NASDAQ: FRMI) for violations of the federal securities laws.Shareholders who purchased shares of FRMI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD:  pursuant and/or traceable to Fermi's initial public offering ("IPO") conducted in October 2025, and/or between October 1, 2025, and December 11, 2025, both dates inclusive (the "Class Period"). DEADLINE: March 6, 2026 CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Fermi's "Project Matador" campus was largely depending on a funding commitment from a single potential tenant who was at risk of terminating this commitment. The Company understated the extent to which it relied on this tenant to investors. Based on these facts, Fermi's public statements were false and materially misleading throughout the IPO period.If you are a shareholder who suffered a loss, contact us to participate . WHY DJS LAW GROUP?  DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com



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Original: Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI

Fermi America™ Makes Initial Draw on $200 Million Equipment Facility from Keystone National Group and Cape Commercial Finance to Accelerate the Delivery of the First 2.3GW of Project Matador's 11GW Private HyperGrid™ CampusFebruary 19, 2026 4:37 PM
PR Newswire (US)

Enables Fermi America to accelerate the procurement of long lead high voltage assets, supporting the buildout of its first 2.3GW of power infrastructureComplements $500 Million Turbine Warehouse from leading global financial institution MUFG Bank, Ltd. (MUFG), demonstrating growing institutional confidence in Project MatadorHighly flexible structure that enables capital to be recycled for future procurement as assets are taken out by project financingFacility arranged by Cape Commercial FinanceAMARILLO, Texas, Feb. 19, 2026 /PRNewswire/ -- Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI), operating as Fermi America™, in partnership with the Texas Tech University System (TTU System), announced today that it has secured over $100 million in committed equipment financing from a private debt fund managed by Keystone National Group, part of a larger $200 million facility arranged by Cape Commercial Finance, which is expected to be drawn on during 2026. This financing continues to build upon Fermi America's warehouse strategy enabling the aggregation of critical long-lead equipment in an inflationary and tightening supply environment and serves to further solidify Fermi America's power ramp, affirming the company's ability to deliver the first 2.3 of 11 gigawatts of long-duration, reliable power at scale.







The commitment from Keystone National Group, a private credit leader that specializes in asset-backed lending with over $6 billion in deployed capital, underscores that sophisticated institutional investors view Project Matador's power infrastructure assets as premium, financeable assets critical to America's energy future.Proceeds from the financing will be used to fund the acquisition of utility-grade breakers, transformers, substations, and switchgears.This financing naturally follows an incredible 180-day execution of multiple key milestones at Fermi America. In just 180 days, Fermi America has advanced licensing, secured long-term site control, brought in top-tier construction partners, strengthened its capital base, and completed key on-site infrastructure construction to support the delivery of clean, reliable power at scale.America's race for technological and industrial dominance demands electricity infrastructure that simply does not exist on today's constrained public grids. Project Matador delivers immediate, gigawatt-scale, firm power for high-demand sectors including AI infrastructure, semiconductor fabs, heavy manufacturing, and defense. By deploying 11GW of dedicated, behind-the-meter power, Fermi America enables America's most strategic industries to scale on project timelines measured in months, unlike traditional interconnection queues measured in years.Key Financing HighlightsOver $100 million of initial commitments supporting the procurement of long lead circuit breakers, transformers, switchgears, and other critical high-voltage assetsStructured for the ongoing redeployment of capital, allowing proceeds to be reused as equipment is refinanced through subsequent project financingsBacked by Keystone National Group's largest private debt fund - a highly regarded, asset-backed investor"Strong institutional investor support continues to build behind Project Matador," said Toby Neugebauer, Chief Executive Officer and Co-Founder of Fermi America. "While everyone is debating big tech use of grid power, the backing of legitimate financial organizations like Keystone National Group affirms that Fermi America is building the actual solution here in Amarillo, Texas – private grid power for AI at scale.""On the heels of our $500 million turbine warehouse financing from MUFG, adding Keystone National Group's over $100 million initial commitment to the high voltage warehouse financing demonstrates we've secured over $600 million in institutional equipment commitments in 30 days - ensuring Fermi America has the backing needed to deliver on promises made.  As Fermi America grows, these warehouse facilities will serve as cornerstones to Fermi America's asset procurement strategy," said John Donovan, Executive Vice President of Capital Markets for Fermi America. "Keystone National Group isn't just making a sound investment for its clients - they're financing critical long lead infrastructure that enables AI and advanced computing at scale.""Keystone National Group is pleased to join Fermi America's buildout with a high voltage equipment facility," said John Earl, co-founder and Managing Partner of Keystone National Group. "This financing helps Fermi America secure mission-critical power generation and transmission assets towards its immediate 2026 deployment goals, as well as flexibility for future project growth."Fermi America also recognizes Micah Thompson and Cape Commercial Finance for its partnership in arranging and structuring the Keystone National Group financing.For media inquiries:
Lexi Swearingen
Media@FermiAmerica.comFermi America™ official business information
Legal Entity: Fermi Inc. (d/b/a Fermi America) (NASDAQ & LSE: FRMI)
Brand Name: Fermi America™
Address: 620 S Taylor St #301 Amarillo, TX 79101-2436
Website: https://fermiamerica.com/About Fermi America:Fermi America™ (NASDAQ& LSE: FRMI) develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. Co-founded by former U.S. Energy Secretary Rick Perry, and Co-Founder and former Co-Managing Partner of Quantum Energy Partners, Toby Neugebauer, Fermi America combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 GW of experience, to create the world's largest, 11 GW next-gen private grid, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing.About the Texas Tech University System:
Established in 1996, the Texas Tech University System (TTU System) is one of the top public university systems in the nation, consisting of five universities – Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University, Texas Tech University Health Sciences Center El Paso and Midwestern State University. Headquartered in Lubbock, Texas, the TTU System is a more than $3 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 21,000 employees and 64,000 students, more than 400,000 alums, a statewide economic impact of $19.2 billion and an endowment valued at $3 billion. In its short history, the TTU System has grown tremendously and is nationally acclaimed, operating at 20 academic locations in 16 cities (15 in Texas, 1 international).In addition, the TTU System is one of only nine in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education among other academic areas.About Keystone National Group:Keystone National Group is an SEC-registered investment advisory firm focusing on asset-backed credit across a wide variety of industries and asset types, including equipment finance, specialty real estate lending, consumer finance, and corporate lending. Its clients have invested over $6 billion of capital in 750+ transactions since formation in 2006.Keystone National Group manages multiple funds, separate accounts, and co-investment vehicles on behalf of its investors, which include pension plans, family offices, wealth management firms, and private individuals.Additional information about Keystone National Group is available at keystonenational.com.Forward Looking Statements:This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "will be," "will likely result," "should," "expects," "plans," "anticipates," "could," "would," "foresees," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "outlook," or "continue" or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks.










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Original: Fermi America™ Makes Initial Draw on $200 Million Equipment Facility from Keystone National Group and Cape Commercial Finance to Accelerate the Delivery of the First 2.3GW of Project Matador's 11GW Private HyperGrid™ Campus