Robbins LLP Investigates Fermi Inc. for Misleading Investors

Shareholders who purchased Fermi stock may be eligible to join class action lawsuit

Published on Feb. 13, 2026

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Robbins LLP, a law firm specializing in shareholder rights litigation, has filed a class action lawsuit against Fermi Inc. (NASDAQ: FRMI) on behalf of investors who purchased the company's stock during the period of October 25, 2025 to December 11, 2025. The lawsuit alleges that Fermi, an energy and AI infrastructure company, misled investors about its business prospects, particularly regarding the funding and construction of its Project Matador campus.

Why it matters

The lawsuit highlights the importance of companies providing accurate and transparent information to investors, especially during an IPO. Fermi's alleged failure to disclose key details about its Project Matador campus and the risk of losing a major funding commitment could have significant financial implications for shareholders who invested in the company.

The details

According to the complaint, Fermi failed to disclose to investors: (1) the company overstated its tenant demand for the Project Matador campus; (2) the extent to which Project Matador would rely on a single tenant's funding commitment to finance the construction; and (3) there was a significant risk that the tenant would terminate its funding commitment. On December 12, 2025, Fermi revealed that the first tenant for Project Matador had terminated its $150 million Advance in Aid of Construction Agreement, causing the company's stock price to plummet by 33.8%.

  • The class period is from October 25, 2025 to December 11, 2025.
  • The lead plaintiff deadline is March 6, 2026.

The players

Robbins LLP

A law firm specializing in shareholder rights litigation, representing investors in the class action lawsuit against Fermi Inc.

Fermi Inc.

An energy and AI infrastructure company that allegedly misled investors about its business prospects, particularly regarding the funding and construction of its Project Matador campus.

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What they’re saying

“Shareholders who wish to serve as lead plaintiff for the class must submit their papers to the court by March 6, 2026. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.”

— Robbins LLP, Law Firm (Globenewswire.com)

What’s next

The judge will decide on March 6, 2026 whether to allow the class action lawsuit to proceed.

The takeaway

This case highlights the importance of companies providing accurate and transparent information to investors, especially during an IPO. Fermi's alleged failure to disclose key details about its Project Matador campus and the risk of losing a major funding commitment could have significant financial implications for shareholders who invested in the company.