Fermi Inc. (FRMI) Shares Tank 33% Amid First Tenant Contract Termination -- Hagens Berman Investigating

SAN FRANCISCO , Dec. 13, 2025 /PRNewswire/ -- On December 12, 2025, investors in Fermi Inc. (NASDAQ: FRMI) saw the price of their shares crater about 33% after the company revealed that a prospective anchor tenant ("First Tenant") for Fermi's Project Matador (the company's Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have advanced $150 million to help fund construction. The company has billed Matador as a multi-gigawatt energy and data center development campus designed to support the accelerating needs of to-be-built AI infrastructure and "a first-of-its-kind energy campus to be built to power the AI revolution.

PRNewsWire • 12 hours ago

Fermi stock crashes 40% as $150M funding deal collapses

Shares of Fermi plunged 40% on Friday after the data-center real estate investment company disclosed that a prospective anchor tenant had terminated a funding agreement tied to its marquee Texas project.

Invezz • Dec 12, 2025

Fermi Stock Sinks to Record Low Following Tenant Exit

Shares of Fermi Inc. (NASDAQ:FRMI) are down 32.8%, last seen trading at $10.25.

Schaeffers Research • Dec 12, 2025

Data center REIT Fermi tumbles 40% after potential customer backs out of funding deal

Shares of Fermi plunged 40% on Friday after the data center real estate investment company said a prospective tenant had terminated a deal to help fund construction at its Texas site, dealing a setback to the newly listed firm.

Reuters • Dec 12, 2025

Securities Fraud Investigation Into Fermi Inc. (FRMI) Announced – Investors Who Lost Money Urged to Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON FERMI (FRMI), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On October 1, 2025, Fermi began.

Business Wire • Dec 12, 2025

Fermi's 'Tenant Exit' Triggers 40% Stock Slide — But The Street Still Sees A 3x Jump From Here

A $150 million funding agreement evaporated overnight — and so did half of Fermi Inc's (NASDAQ: FRMI) market cap. The stock was down 40% pre-market on Friday.

Benzinga • Dec 12, 2025

Securities Fraud Investigation Into Fermi Inc. (FRMI) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON FERMI (FRMI), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On October 1, 2025, Fermi began trading on the NASDAQ at $21.00 per share following its In.

Business Wire • Dec 12, 2025

Fermi's first tenant of massive Trump-named power project backs out of funding deal

Fermi, co-founded by a former secretary of energy, Rick Perry, said its first potential tenant of Project Matador has backed out of an agreement to provide $150 million in advance funding.

Market Watch • Dec 12, 2025

Fermi Inc. (FRMI) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN FERMI (FRMI), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howar.

Business Wire • Dec 12, 2025

Fermi Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights – FRMI

LOS ANGELES--(BUSINESS WIRE)--Fermi Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights – FRMI.

Business Wire • Dec 12, 2025