Fermi Inc. faces class action lawsuit after IPO share price collapse
A class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI) by law firm Pomerantz LLP. The case follows a sharp decline in the company’s share price after its initial public offering (IPO) in October 2025. Investors now have until March 6, 2026, to seek a lead role in the legal action.
Fermi went public on October 1, 2025, but its stock value has since dropped significantly. This decline has prompted legal action from shareholders who claim financial harm.
On December 12, 2025, the company suffered another setback when its first potential tenant for the Project Matador data center campus cancelled a $150 million construction agreement. The termination added to investor concerns.
No public records show that Fermi hired a specific representative for the lawsuit in 2026. However, affected investors—those who bought shares during the IPO—can still apply to become lead plaintiffs before the March deadline.
The lawsuit centres on losses tied to Fermi’s IPO and subsequent share price fall. With the March 6 deadline approaching, eligible investors must act soon if they wish to lead the case. The outcome could impact how the company addresses its financial and legal challenges moving forward.
