Skip to main content

Fermi Inc.

corporate_fare Company Profile

Fermi Inc.

FRMI·NASDAQ·Real Estate & Construction·CIK 0002071778

Fermi Inc. develops and leases large-scale, grid-independent energy generation and high-performance computing facilities for AI-centric customers. The company's mission is to deliver up to 11 GW of low-carbon, highly reliable and redundant, and on-demand power directly to compute-intensive businesses. There is potential to expand the campus to up to approximately 17 GW of total generation capacity, subject to additional land acquisitions and incremental permits. Fermi has a long-term lease on a site large enough to simultaneously house the next three largest AI infrastructure campuses by square footage currently in existence. The company's strategy is anchored by Project Matador, a hyperscale power and AI infrastructure campus located in the Texas Panhandle region. This project is secured by a 99-year ground lease with the Texas Tech University System. Project Matador is designed as a multi-phased development intended to deliver up to 11 GW, with the potential to expand to up to approximately 17 GW, of private power generation capacity. It is also designed to support up to approximately 15 million square feet of AI-ready hyperscale compute infrastructure over a multi-decade buildout timeline. The objective is to provide hyperscale and other compute-intensive tenants with reliable, cost-effective, low-latency power and dedicated powered shell infrastructure, insulated from the constraints of grid-based power supplies.

Fermi Inc. (NASDAQ:FRMI) is a publicly traded company in the Real Estate & Construction sector. Wiseek monitors FRMI SEC EDGAR filings and licensed market news in real time, scoring each submission for market-moving significance on a 1–10 scale. Items rated 7 or higher generate instant alerts.

Recent high-impact activity:

  • Fermi Inc. Names Four C-Suite Leaders, Awards Millions in Equity Amid Proxy Fight
  • Director Miles Everson challenges the company's resignation narrative, pointing to governance breakdowns in a convertible-note financing
  • Fermi Inc. Closes $431M Convertible Notes Offering, Adding Capped Calls to Limit Dilution
  • Neugebauer Addresses $375M Convertible Note, Reaffirms Tenant Confidence After Board Resignation
  • Fermi Director Resigns Over Records Access Dispute Amid Proxy War

Financial Snapshot

Fiscal year ended December 31, 2025
Net Income
-$486.38M
Diluted EPS
-$1.13
Cash & Equivalents
$408.53M
Total Debt
$109.8M
Debt / Equity
0.10×
Shares Outstanding
629.84M sh
Source: 10-K · filed 2026-04-30 · accession 0002071778-26-000018

Dilution Risk

Low risk

Filing-implied dilution signals for FRMI, detected from its recent SEC filings · based on capital-structure filings through 2026-07-15.

Convertible Notes Offering Closed · Capped Call Transactions Limit Dilution

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

Browse all tickers starting with F →
$6.38
52-week range · as of 2026-07-23 $4.47 – $36.99
Market cap
$4.07B
Volume
10.8M (0.5× avg)
3-mo avg 20M
Live data · 2026-07-28 17:21 UTC · Market open

show_chartPrice Chart

Loading chart...

feed FRMI - Latest Insights

FRMI
Jul 23, 2026, 4:34 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $6.32
Real-time Price: $6.38 info
Change: +$0.060 (+0.95%) info
Market Cap: $4.068B info
FRMI
Jul 21, 2026, 4:01 PM EDT
Filing Type: 8-K/A
Importance Score:
8
Price at Filing: $6.65
Real-time Price: $6.38 info
Change: -$0.270 (-4%) info
Market Cap: $4.068B info
FRMI
Jul 15, 2026, 4:54 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $6.25
Real-time Price: $6.38 info
Change: +$0.130 (+2%) info
Market Cap: $4.068B info
FRMI
Jul 13, 2026, 1:16 PM EDT
Source: Dow Jones Newswires
Importance Score:
8
Price at Filing: $6.26
Real-time Price: $6.38 info
Change: +$0.1199 (+2%) info
Market Cap: $4.068B info
FRMI
Jul 13, 2026, 9:23 AM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $6.53
Real-time Price: $6.38 info
Change: -$0.150 (-2%) info
Market Cap: $4.068B info
FRMI
Jul 13, 2026, 9:15 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $6.56
Real-time Price: $6.38 info
Change: -$0.176 (-3%) info
Market Cap: $4.068B info
FRMI
Jul 10, 2026, 2:42 AM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $6.18
Real-time Price: $6.38 info
Change: +$0.200 (+3%) info
Market Cap: $4.068B info
FRMI
Jul 09, 2026, 5:13 PM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $6.42
Real-time Price: $6.38 info
Change: -$0.040 (-0.62%) info
Market Cap: $4.068B info
FRMI
Jul 09, 2026, 5:11 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $6.28
Real-time Price: $6.38 info
Change: +$0.100 (+2%) info
Market Cap: $4.068B info
FRMI
Jul 08, 2026, 6:10 AM EDT
Filing Type: DFAN14A
Importance Score:
8
Price at Filing: $7.10
Real-time Price: $6.38 info
Change: -$0.720 (-10%) info
Market Cap: $4.068B info
FRMI
Jul 06, 2026, 4:00 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $8.23
Real-time Price: $6.38 info
Change: -$1.85 (-22%) info
Market Cap: $4.068B info
FRMI
Jul 03, 2026, 1:03 PM EDT
Source: PR Newswire
Importance Score:
9
Price at Filing: $8.02
Real-time Price: $6.38 info
Change: -$1.64 (-20%) info
Market Cap: $4.068B info
FRMI
Jul 02, 2026, 8:53 PM EDT
Filing Type: 4
Importance Score:
7
Price at Filing: $8.02
Real-time Price: $6.38 info
Change: -$1.64 (-20%) info
Market Cap: $4.068B info
FRMI
Jul 02, 2026, 8:41 PM EDT
Filing Type: SCHEDULE 13D/A
Importance Score:
7
Price at Filing: $8.02
Real-time Price: $6.38 info
Change: -$1.64 (-20%) info
Market Cap: $4.068B info
FRMI
Jul 01, 2026, 5:17 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $8.52
Real-time Price: $6.38 info
Change: -$2.14 (-25%) info
Market Cap: $4.068B info
FRMI
Jul 01, 2026, 8:05 AM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $9.20
Real-time Price: $6.38 info
Change: -$2.82 (-31%) info
Market Cap: $4.068B info
FRMI
Jun 30, 2026, 6:03 AM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $9.56
Real-time Price: $6.38 info
Change: -$3.18 (-33%) info
Market Cap: $4.068B info
FRMI
Jun 29, 2026, 4:06 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $9.50
Real-time Price: $6.38 info
Change: -$3.12 (-33%) info
Market Cap: $4.068B info
FRMI
Jun 29, 2026, 6:10 AM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $9.64
Real-time Price: $6.38 info
Change: -$3.26 (-34%) info
Market Cap: $4.068B info
FRMI
Jun 26, 2026, 4:00 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $9.47
Real-time Price: $6.38 info
Change: -$3.09 (-33%) info
Market Cap: $4.068B info