Fermi Inc. is facing multiple class action lawsuits alleging it overstated tenant demand for its Project Matador AI campus, misleading investors and violating federal securities laws. This follows the company's public offerings of 37 million shares at $21.00, which coincides with the termination of a key $150 million funding agreement by its first tenant. Law firms including Faruqi & Faruqi, LLP, and Hagens Berman are probing these claims, with a lead plaintiff deadline approaching on March 6, 2026.
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