Fermi Inc. (FRMI) Shares Tank 33% Amid First Tenant Contract Termination -- Hagens Berman Investigating
Fermi Inc. (FRMI)
Company Research
Source: GlobeNewswire
SAN FRANCISCO, Dec. 18, 2025 (GLOBE NEWSWIRE) -- On December 12, 2025, investors in Fermi Inc. (NASDAQ: FRMI) saw the price of their shares crater about 33% after the company revealed that a prospective anchor tenant (“First Tenant”) for Fermi’s Project Matador (the company’s Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have advanced $150 million to help fund construction. The company has billed Matador as a multi-gigawatt energy and data center development campus designed to support the accelerating needs of to-be-built AI infrastructure and “a first-of-its-kind energy campus to be built to power the AI revolution.” Fermi’s announcement comes after it raised nearly $784 million in gross proceeds through the issuance of over 37 million shares at $21/share on October 2, 2025. The First Tenant cancelation news and severe market reaction have prompted national shareholders rights firm Hagens Berman to open an investigation into
Show less
Read more
Impact Snapshot
Event Time:
FRMI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FRMI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FRMI alerts
High impacting Fermi Inc. news events
Weekly update
A roundup of the hottest topics
FRMI
News
- Fermi (NASDAQ:FRMI) is now covered by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>. They set a "sell (e+)" rating on the stock.MarketBeat
- FRMI Investors Have Opportunity to Join Fermi Inc. Fraud Investigation with the Schall Law FirmGlobeNewswire
- FRMI ALERT: Robbins Geller Rudman & Dowd LLP Launches Investigation into Fermi Inc., and Encourages Investors and Potential Witnesses to Contact Law FirmPR Newswire
- Hagens Berman Investigating Fermi Inc. (FRMI) as Shares Tank 33% Amid First Tenant Contract TerminationBusiness Wire
- FRMI INVESTIGATION ALERT: Edelson Lechtzin LLP Announces an Investigation of Fermi Inc. (NASDAQ: FRMI) and Encourages Investors with Substantial Losses to Contact the FirmPR Newswire
FRMI
Sec Filings
- 12/12/25 - Form 8-K
- 11/14/25 - Form SCHEDULE
- 11/14/25 - Form SCHEDULE
- FRMI's page on the SEC website