$6.18
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FRMI News11 articles
Fermi Inc. Surges 18% Despite 1.9% Share Dilution, Signaling Investor Confidence
Fermi Inc. shares climbed 18% to $7.46, offsetting a 1.9% dilution from new share admissions. The rally reflects investor optimism amid leadership changes and project milestones.
Fermi Shares Tumble 18% After $375M Convertible Bond Sale Highlights Debt Burden
Fermi Inc. shares dropped 18% over five sessions after pricing a $375M convertible bond, highlighting a $912M debt load and dwindling cash reserves.
Fermi's $375M Convertible Bond Triggers 17.8% Stock Plunge, Wiping Out $820M in Value
Fermi shares tumbled 17.8% after a $375M convertible bond sale, erasing $820M in market value—more than double the raise amount.
Fermi's $350M Convertible Note Sale Raises Dilution and Debt Concerns
Fermi shares fell 17% after-hours after announcing a $350M convertible note sale, increasing debt to $789M and raising investor concerns about dilution and project execution.
Fermi Shares Leap on OpenAI Data Center Speculation, Project Matador in Focus
Fermi shares jumped 22.6% to $6.89 after a report that OpenAI may lease a 10-gigawatt Ohio data center with Nvidia support, boosting optimism for Fermi's Project Matador.
Fermi Stock Surges on OpenAI Data Center Speculation, Tenant Uncertainty Remains
Fermi Inc. shares surged 24% to $6.99 on heavy volume after OpenAI's Ohio data center plans fueled speculation, but the company still lacks tenant agreements and revenue.
Fermi Inc. Raises Voting Threshold Amid Founder Dispute
Fermi Inc. raised its shareholder vote threshold to 70% for key bylaw changes, escalating the conflict with ousted co-founder Toby Neugebauer ahead of Q1 earnings.
Fermi Secures Key Texas Permit for 6-GW Project Matador
Fermi Inc. has obtained the final air-quality permit from Texas regulators for its 6-gigawatt Project Matador, allowing major construction to proceed. The stock edged lower premarket as investors also monitor a March 6 securities lawsuit deadline and a March 30 earnings call.
Fermi Rally Pauses as Nasdaq Halts for Juneteenth; Boardroom Battle Intensifies
Fermi shares jumped 10% to $9.50 ahead of the Juneteenth break, fueled by OpenAI tenant hopes, but the lack of a signed deal leaves the rally vulnerable as a proxy fight with former CEO Toby Neugebauer heats up.
Fermi Shares Surge as Ex-CEO Backs Rival Candidate in Board Battle
Fermi shares surged 12.8% on Wednesday after former CEO Toby Neugebauer threw his support behind John Sellers to lead the company, escalating a governance battle.
Fermi’s Proxy Battle Intensifies Ahead of Q1 Earnings, Founder Pushes for Board Overhaul
Fermi founder Toby Neugebauer pushes for board changes despite the board canceling a May 29 meeting. Q1 earnings are due Thursday, with focus on Project Matador tenant negotiations.