Fermi LLC 8-K filings

Fermi Inc. announced the successful completion of its five 90-day objectives, including signing its first anchor customer, TensorWave, appointing a new CEO, and securing significant capital.

Fermi Inc. announced the appointment of four new officers and the finalization of their employment agreements, effective July 22, 2026.

Former director Miles Everson clarifies his resignation, disputing the company's account of his access to records and approval of the Finance Committee's authority regarding a convertible note financing.

Fermi Inc. announced the successful closing of an upsized $431.25 million offering of 5.00% convertible senior notes due 2031, including the full exercise of the initial purchasers' option.

Miles Everson has resigned from the Fermi Inc. Board of Directors, citing disagreements over access to company records and governance practices.

Fermi Inc. announced a proposed $350 million offering of convertible senior notes due 2031 to qualified institutional buyers, with net proceeds intended for capped call transactions and general corporate purposes.

Fermi Inc. reported Q1 2026 results, highlighting strategic evolution to "Fermi 2.0," significant progress on Project Matador, and securing substantial new financing.

Fermi Inc. has updated its bylaws, requiring a 70% shareholder vote to amend director tenure and bylaw amendment provisions.

Fermi Inc. is refuting claims and actions by former CEO Toby Neugebauer aimed at regaining control of the company's board and reversing prior decisions.

Fermi Inc. announced the appointment of Larry Kellerman, Chief Power Officer, to its Board of Directors, effective May 4, 2026, fulfilling a nomination right under a prior agreement.

Fermi Inc. announced the appointment of Robert L. Masson as Interim Chief Financial Officer, effective April 29, 2026, as the company navigates its financial leadership.

Fermi Inc. is transitioning to 'Fermi 2.0', a scaled enterprise phase, with new board leadership, a new director, and the establishment of an Office of the CEO.

Fermi Inc. announced the departure of CEO Toby Neugebauer and the appointment of an interim leadership office alongside a board expansion.

Fermi reported a $486.4M FY2025 net loss as it built out Project Matador, secured a finalized ~6 GW Texas air permit, advanced nuclear licensing, and amassed ~$1.8B in capital while pursuing an anchor tenant.

Fermi Inc. subsidiary FTW II obtains a $165 million senior secured term loan to acquire six Siemens Energy SGT-800 industrial gas turbines for Project Matador.

Fermi Inc. subsidiary obtains a senior secured credit facility of up to $120 million, with an accordion feature for an additional $100 million, to finance equipment for its Project Matador.

Fermi Inc. has secured a $500 million equipment financing facility from MUFG Bank, Ltd. to accelerate the development of its AI-powered data center campus in Amarillo, Texas.

Fermi Inc. announced the termination of a $150 million construction funding agreement with its initial Project Matador tenant, though lease negotiations continue and new tenant discussions have begun.

Fermi Inc. announced its Q3 2025 financial results, highlighting significant progress on Project Matador, a successful $785 million IPO, and strategic partnerships for its 11 GW AI-focused private grid.

Fermi Inc. has finalized employment agreements for its CEO and three other key executives, outlining compensation, benefits, and restrictive covenants contingent on the company's initial public offering.

Fermi Inc. successfully completed its initial public offering, raising $784.8 million, and transitioned to a Texas corporation with a new board and long-term incentive plan, aiming for REIT status.