Fermi America Advances Nuclear Projects with Hyundai Engineering Partnership
Fermi, operating as Fermi America, highlighted continued progress in its strategic partnership with Hyundai Engineering & Construction Co., Ltd. (Hyundai E&C) to help restart large-scale nuclear construction in the United States, including ongoing Front-End Engineering Design work supporting four AP1000 units planned for Fermi America's Project Matador, an 11-gigawatt private energy campus outside Amarillo, Texas. As part of the partnership, Fermi America participated in Hyundai E&C's Large-Scale Nuclear Technology Seminar on Feb. 10 at The Westin Dallas Downtown. The event brought together leaders from across the U.S. construction and nuclear sectors for practical, discipline-specific sessions on what it takes to build large-scale nuclear projects in today's market. It also provided an opportunity to engage Texas and national contractors, strengthen supply chain readiness, and align industry partners around the execution demands of next-generation nuclear development.
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- Lawsuit Background: Shareholders of Fermi Inc. who purchased shares during the October 2025 IPO and between October 1, 2025, and December 11, 2025, are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment, indicating significant legal risks for the company.
- Allegations Details: The lawsuit alleges that the company made materially false and misleading statements during the class period, including overstating tenant demand for the Project Matador campus and failing to disclose reliance on a single tenant's funding commitment, which poses a risk of termination and affects the company's outlook.
- Critical Deadline: Shareholders must register by March 6, 2026, to participate in the class action, emphasizing the urgency and complexity of the legal process, as missing this deadline could forfeit their opportunity to be lead plaintiffs.
- Law Firm's Credentials: The Gross Law Firm is a nationally recognized class action firm committed to protecting investor rights and ensuring companies adhere to responsible business practices, highlighting its expertise and dedication to investor advocacy.
- Class Action Overview: The Law Offices of Frank R. Cruz remind investors that class action lawsuits have been filed against companies including agilon health, Fermi Inc., Varonis Systems, and Ardent Health, with deadlines for lead plaintiff motions approaching.
- agilon health Allegations: From February 26 to August 4, 2025, agilon health is accused of making materially false statements regarding its financial guidance, failing to disclose industry headwinds, which misled investors about the company's prospects, with a lead plaintiff deadline of March 2, 2026.
- Fermi Inc. Lawsuit Details: Fermi Inc. is charged with overstating tenant demand and the reliance on a single tenant's funding for its Project Matador from October 1 to December 11, 2025, with a lead plaintiff deadline of March 6, 2026.
- Varonis and Ardent Issues: Varonis is accused of being ill-equipped to sustain its ARR growth from February 4 to October 28, 2025, while Ardent is charged with failing to accurately assess the collectability of accounts receivable from July 18, 2024, to November 12, 2025, with lead plaintiff deadlines of March 9, 2026, for both companies.
- Class Action Initiated: Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against Fermi Inc., seeking damages for investors who purchased securities during the October 2025 IPO period, highlighting serious concerns over the company's transparency.
- False Statement Allegations: The complaint alleges that Fermi materially overstated tenant demand for its Project Matador campus and failed to disclose the extent of reliance on a single tenant's funding commitment, leading to investor misconceptions about the company's prospects.
- Risk Disclosure: The lawsuit points out a significant risk that the single tenant may terminate its funding commitment, and the omission of this information rendered the company's previous positive statements misleading and lacking a reasonable basis, potentially causing investor losses.
- Investor Action Call: Affected investors are urged to apply by March 6, 2026, to be appointed as lead plaintiff to share in any potential recovery from the lawsuit, underscoring the importance of legal proceedings in protecting investor rights.
- Lawsuit Allegations: Hagens Berman is initiating a securities class action against Fermi Inc., alleging that misleading statements during the IPO misrepresented the demand for its flagship project 'Matador,' resulting in a nearly 34% stock price drop on December 12, 2025.
- Project Risk Exposure: The termination of a $150 million construction agreement by Fermi's primary tenant has unveiled significant risks associated with its core infrastructure project, raising investor concerns about the company's future profitability.
- Investor Action: Hagens Berman is urging investors who purchased Fermi shares during the October 2025 IPO or between October 1 and December 11, 2025, to contact them promptly to participate in the lawsuit, with a lead plaintiff deadline set for March 6, 2026.
- Whistleblower Program: Fermi is encouraging individuals with non-public information to utilize the SEC Whistleblower program, where providing original information may yield rewards of up to 30% of any successful recovery, further advancing the investigation into potential corporate misconduct.
- Lawsuit Background: Bragar Eagel & Squire has filed a class action lawsuit against Fermi in the Southern District of New York on behalf of all investors who purchased Fermi stock during the October 2025 IPO or between October 1 and December 11, 2025, alleging significant false statements by the company.
- Allegation Details: The lawsuit claims that Fermi overstated tenant demand for its Project Matador campus and failed to disclose the extent of reliance on a single tenant's funding commitment, along with the significant risk of that tenant terminating its funding, rendering the company's positive statements misleading.
- Investor Rights: Affected investors must apply by March 6, 2026, to be appointed as lead plaintiff in the lawsuit, highlighting the potential impact of this case on investor rights and interests.
- Law Firm Overview: Bragar Eagel & Squire is a nationally recognized law firm specializing in securities, derivative, and commercial litigation, offering no-cost legal consultations to protect investor rights.
- Lawsuit Background: Fermi Inc. is facing a class action lawsuit for allegedly misrepresenting the demand for its flagship project, 'Project Matador,' during its IPO, with claims that executives and underwriters failed to disclose tenant risks.
- Stock Price Plunge: Following the announcement on December 12, 2025, that the first tenant terminated a $150 million construction agreement, Fermi's stock price fell nearly 34% in a single day, indicating a severe lack of market confidence in its business model.
- Investor Losses: The lawsuit alleges that Fermi's IPO materials inflated project demand, resulting in stock prices dropping from $21 to a low of $8.59 between October and December 2025, representing a staggering 59% loss for investors.
- Next Steps: Hagens Berman is urging affected investors to submit claims by March 6, 2026, highlighting that the outcome of this case could significantly impact Fermi's future financing capabilities and market reputation.






