FRMI

Five-year agreement brings a proven data-center operator to Project Matador Adds trained crews and maintenance programs ahead of first compute DALLAS, TX / ACCESS Newswire / September 24, 2026 / Fermi Inc. (NASDAQ:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company"), announced today that its subsidiary, Fermi Services LLC, has signed a management agreement with CBRE, the world's largest commercial real estate services firm and provider of critical infrastructure services. CBRE will be the exclusive operations and maintenance provider for building one, Fermi's first data center in the Texas Panhandle.

Amendment demonstrates both parties' commitment to the 222 MW Project Matador lease as guaranty discussions continue DALLAS, TX / ACCESS Newswire / September 22, 2026 / Fermi Inc. (NASDAQ:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today announced that its wholly owned subsidiary, Fermi Campus 1 LLC, and TensorWave TEX1, LLC ("TensorWave") have signed a First Amendment to their Data Center Lease and Services Agreement (the "Lease"). The amendment extends the closing date under the Lease from September 30, 2026 to October 31, 2026.

DALLAS, Sept. 21, 2026 /PRNewswire/ -- In an amended lawsuit filed in Texas Business Court on Friday, Fermi founder and largest shareholder of Fermi Inc. (Nasdaq: FRMI), Toby Neugebauer alleged that three of Fermi's current directors engaged in a long-running effort to consolidate their control of the Company and disenfranchise Fermi shareholders in what the lawsuit describes as a pattern of governance abuses.

Court denies all three of the former CEO's requests for a temporary restraining order, including requests to block the Board's bylaw amendments and the nomination deadline for Fermi's 2026 Annual Meeting Court holds that Texas law expressly permits bylaws the Board adopted in May 2026, contrary to the former CEO's claim that they were facially invalid The former CEO swore under penalty of perjury that the facts stated in his complaint were "true and correct" — three days after his own press release stated facts directly to the contrary, and one day before his attorney conceded his complaint was inaccurate at the hearing Court finds no sufficient factual showing of fraud or improper purpose; the Court did not order any discovery DALLAS, Sept. 17, 2026 /PRNewswire/ -- Fermi Inc. (NASDAQ:FRMI) (LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today announced that the Business Court of Texas has denied each of three requests for a temporary restraining order sought by the Company's former chief executive officer and his investment vehicle.

Toby Neugebauer says the Board must act quickly to restore stakeholder confidence. Shares down roughly 20% since Board announced they had met all 90-day objectives on August 13, 35% since the Board removed the choice of a dual-path strategic process on July 2, and 20% since the Board removed Neugebauer as CEO on April 17.

Fermi Inc. is rated Strong Buy, with a transformative tenant deal and major project catalysts sharply improving its risk-reward profile. FRMI's turbine and permit capacity position it to capture surging AI compute demand. Governance drama has eased, and Fermi 2.0 delivered, opening the path for further tenant signings and a re-rating.

The startup, which went public in a splashy IPO last year, also named a new CEO following months of legal and C-suite turmoil.

Fermi Inc. (FRMI) Q2 2026 Earnings Call Transcript

Fermi NASDAQ: FRMI said it completed each of the five priorities outlined in its prior 90-day plan, including signing a binding customer agreement for up to 650 megawatts of capacity, strengthening its balance sheet and advancing construction and partnership efforts at its Project Matador campus.

Fermi (NASDAQ: FRMI | FRMI Price Prediction) reported Q2 2026 results before the open, and the numbers were beside the point.