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News  ›  GlobeNewswire Inc.

FRMI Investors Have Opportunity to Join Fermi Inc. Fraud Investigation with the Schall Law Firm

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Schall Law Firm
FRMI Investors Have Opportunity to Join Fermi Inc. Fraud Investigation with the Schall Law Firm

The Schall Law Firm announced an investigation into Fermi Inc. (NASDAQ: FRMI) for potential securities law violations following a Bloomberg report that a major tenant terminated a $150 million lease agreement for Fermi's proposed AI campus in West Texas. The termination caused Fermi's stock to plunge as much as 46%. The investigation focuses on whether the company issued false or misleading statements or failed to disclose material information to investors.

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The company experienced a significant 46% stock price decline following a major tenant's termination of a $150 million lease agreement. Additionally, the company is under investigation for potential securities law violations related to false or misleading statements and inadequate disclosure of material information to investors.