Skip to content
Amarillo LedgerAmarillo Ledger
Ask AI

Opens the assistant with a question about this page. Answers come from the AI, not this site.

ChatGPTClaudePerplexity

Organization · compiled Oct 25, 2026

Fermi America (Fermi, Inc.)

Fermi Inc., which operates as Fermi America, is a Texas corporation formed in January 2025 to develop Project Matador, a private-grid power and data-center campus on land leased from the Texas Tech University System in Carson County, northeast of Amarillo. It was co-founded by former Gov. Rick Perry, Toby Neugebauer and Griffin Perry, and its stock has traded on Nasdaq (FRMI) since October 1, 2025, with a secondary listing in London. Its co-founder and first CEO was removed in April 2026 and Lee McIntire became CEO on August 11, 2026. As of June 30, 2026 the company had no revenue, and its filings describe substantial doubt about its ability to continue as a going concern, which management says its plans alleviate. Its first data-center lease, with TensorWave, had a closing deadline of October 31, 2026.

Dated events →
61
2025–2027
Storylines →
3
that name it
In profiles →
1
Project Matador

Project profile: Project Matador → · Questions and answers: schedule and water →

How to read this page

Every row says what kind of statement it is. Where sources give different figures, each is listed with its source under “Figures by source”; some disagree, some cover a different phase or date. Numbers link to the source list at the bottom.

Fact
Recorded in a document: a vote, a payment, a filing, a measurement.
Commitment
What a party has agreed to in a signed agreement or approved item.
Plan
What a party says it intends to build or do; it may change.
Projection
An estimate of a future effect by a named agency, consultant or plan.
Estimate
A cost or size figure given by a named party, with its date and basis where stated.
Company statement
What a company says about itself or its project, not independently checked.

What it plans in Amarillo

Planned computing space
Fermi's stated planned data-center floor space differs across documents. 1,2,3
  • Figures by source
  • 18 million square feet · Texas Tech University System announcement, June 20251
  • up to 30 million square feet · NRC notice of intent for the environmental review, March 2026 (describing the campus)2
  • approximately 15 million square feet · Fermi 10-Q for the quarter ended June 30, 20263
Company statementBy Fermi Inc. and project partners (various), Aug 14, 2026

Schedule

First tenant delivery
Under the TensorWave lease, target delivery dates run from the end of 2027 for the network hall to January 1, 2028 (data halls 1-2) and February 1, 2028 (data halls 3-4), with rent credits if late and a tenant termination right past an outside date. 3CommitmentpendingBy Fermi Inc. (Form 10-Q, Q2 2026), Aug 14, 2026
Next shareholder events
The first annual shareholder meeting is set for October 30, 2026, and third-quarter results for November 12, 2026. A hearing on the motion to dismiss the former CEO's suit is set for November 19, 2026. 4,5As of Oct 12, 2026

Money

IPO
Fermi priced its IPO on September 30, 2025 at $21.00 per share. The prospectus offered 32,500,000 shares ($682,500,000); with the underwriters' option exercised in full, the offering completed October 2, 2025 totaled 37,375,000 shares and $784,875,000 in gross proceeds. Lead book-runners were UBS Investment Bank, Evercore ISI, Cantor and Mizuho. The 10-K reports $745.6 million from the IPO net of underwriting discounts and commissions. 6,7,8
  • Figures by source
  • 32,500,000 shares; $682.5 million · Base offering in the prospectus, before the over-allotment option6,9
  • 37,375,000 shares; $784,875,000 gross · Completed offering including the 4,875,000-share option exercised in full7
As of Oct 3, 2025
Net loss, 2025$486.4 million
Fermi reported a net loss of $486.4 million for January 10 through December 31, 2025, with no revenue. Non-cash items included $173.8 million for a charitable contribution of Class B units to a nonprofit, $132.7 million of share-based compensation and $111.6 million of fair-value losses. 8As of Mar 30, 2026
Net loss, first half 2026$214.5 million (6 months)
Fermi reported a net loss of $214.5 million for the six months ended June 30, 2026 ($25.8 million in the second quarter) and had generated no revenue. 3As of Jun 30, 2026
Balance sheet, June 30, 2026
At June 30, 2026 Fermi reported total assets of $1,763.1 million (including $1,547.9 million of property, plant and equipment, mostly construction in progress), cash of $62.5 million plus $29.2 million restricted cash, total liabilities of $731.5 million and debt of $536.9 million before issuance costs. At December 31, 2025 cash was $408.5 million and total assets $1,413.3 million. 3As of Jun 30, 2026The filing states these figures in thousands.
Debt by facility
Debt at June 30, 2026 was the MUFG turbine warehouse equipment financing ($444.9 million, maturing 2027), the high-voltage equipment financing ($77.3 million, 2031) and the Turbine Warehouse II financing ($14.7 million of a $165 million facility, 2028). The Macquarie term loan ($149.0 million at year-end 2025) had been repaid. In July 2026 Fermi added $431.25 million of 5.00% convertible notes due 2031. 3,10,11As of Aug 14, 2026
Capital spent$626.2 million (H1 2026)
Fermi reported $626.2 million of investment in property, plant and equipment in the first half of 2026 for early-stage development of Project Matador, and construction in progress of $1,539.2 million at June 30, 2026 (from $929.4 million at December 31, 2025). 3As of Jun 30, 2026
Phase 0-1 capital need> $3 billion (Phases 0-1)
Fermi estimates that incremental capital spending to complete Phases 0 and 1 of Project Matador "could exceed $3 billion in the aggregate," about $2 billion of it within twelve months, and says completing Phase 1 will require capital beyond what is currently available. It says spending for later phases is difficult to estimate. 8,3Company statementBy Fermi Inc. (Form 10-K for 2025; Form 10-Q, Q2 2026), Aug 14, 2026
Going-concern language
Fermi's June 30, 2026 10-Q says its cash, restricted cash and July 2026 note proceeds "are not sufficient to satisfy the Company's financial obligations as they become due within one year," which raises substantial doubt about its ability to continue as a going concern before considering management's plans. Management concluded its plans (undrawn equipment financing, possible equipment sales, and sequencing spending to tenant leases and project financing) alleviate that doubt; the filing says there is no guarantee they will succeed. 3Company statementBy Fermi Inc. (Form 10-Q, Q2 2026), Aug 14, 2026
Major shareholders
The proxy statement lists, as of August 31, 2026 (641,259,703 shares outstanding), Toby Neugebauer as beneficial owner of 144,101,446 shares (22.47%), including a family trust for which he is investment trustee (94,359,659 shares, 14.71%) and Vicksburg Investments Management LLC (40,156,376, 6.26%), and Caddis Holdings, LP, managed by Griffin Perry (52,256,833, 8.15%). Rick Perry beneficially owned 16,585,988 shares (2.59%); current officers and directors as a group, 2.83%. 4As of Aug 31, 2026The Neugebauer figures rest on a Schedule 13G filed November 14, 2025; the Caddis figure on a July 20, 2026 Schedule 13G. Neugebauer disclaims beneficial ownership of the trust's shares except to the extent of his pecuniary interest.
Share price reference
The convertible notes issued in July 2026 have an initial conversion price of about $9.52 per share, against the $21.00 IPO price. This is a contract term, not a market price. 10,6As of Jul 15, 2026

Electricity

Hillcore framework
Under an August 11, 2026 framework agreement, Hillcore Energy Capital Corporation (Alberta) intends to finance, build, own and operate up to about 2.6 GW of gas, solar and battery generation on about 400 subleased acres, with Fermi buying power on a take-or-pay basis for at least 50% of tenant demand. Definitive documents were due within 90 days; none was reported as of October 25, 2026. 3,12PlanpendingBy Fermi Inc. (Form 10-Q, Q2 2026), Aug 14, 2026
Gas turbines
Fermi acquired six Siemens SGT-800 turbines from MAD Energy (the "Firebird Acquisition"), which arrived at the Port of Houston in February 2026; signed a January 28, 2026 agreement with Siemens Energy for three SGT6-5000F (F-class) turbines, paying Siemens $201.6 million through the MUFG facility; and agreed in October 2025 to buy six more SGT-800s for delivery in 2028. Phase 1 also lists three refurbished GE 6B turbines (about 114 MW). 8,3Company statementBy Fermi Inc. (Form 10-K for 2025; Form 10-Q, Q2 2026), Aug 14, 2026
Nuclear partners
Fermi has applied to the NRC for four Westinghouse AP1000 reactors and on October 27, 2025 announced agreements for engineering support and long-lead materials for AP1000 units. Hyundai Engineering & Construction completed a front-end engineering design study for the nuclear component in July 2026, and Fermi has a forging-readiness agreement with Doosan Enerbility. Fermi estimates a five-year construction cycle for the first 1 GW reactor once licensed. No construction contract has been reported. 8,3Company statementBy Fermi Inc. (Form 10-K for 2025; Form 10-Q, Q2 2026), Aug 14, 2026
Mobile generation lease
Fermi leases seven GE TM2500 mobile units (about 132 MW) from Mobile Power Solutions. An April 13, 2026 amendment moved pick-up of all seven to July 1 – September 30, 2027, because lease commencement conditions had not been met. 8,3As of Aug 14, 2026
Planned generation
Fermi says the 5,236-acre leased site is designed for up to 11 GW of generation and that an expanded campus of about 8,400 acres could support up to about 17 GW, subject to land closings and more TCEQ air permits. It describes phases: Phase 1 (grid power under the SPS agreement, mobile units and initial gas turbines, with tenant readiness expected as early as the first half of 2027); Phase 2 (about 2.5 GW of gas generation as soon as the end of 2028); Phase 3 (the first 1 GW Westinghouse reactor); Phase 4 (additional reactors). 8,3Company statementBy Fermi Inc. (Form 10-K for 2025; Form 10-Q, Q2 2026), Aug 14, 2026

Natural gas

Gas supplyup to ~300,000 MMBtu/day
Fermi announced October 9, 2025 firm natural gas supply arrangements with Energy Transfer for Phase 1, with provisions contemplating up to about 300,000 MMBtu per day over time, subject to conditions, pipeline infrastructure and credit support. Rick Perry has been an Energy Transfer director since January 2020, per the proxy statement. 8,4Company statementBy Fermi Inc. (Form 10-K for 2025), Mar 30, 2026The filings reviewed do not identify the Energy Transfer arrangement as a related-party transaction.

Jobs

Employees35 full-time (Dec. 31, 2025)
Fermi reported 35 full-time employees as of December 31, 2025.8As of Dec 31, 2025The filings reviewed give no employee count for 2026. The company's projections of permanent jobs at build-out are covered on the Project Matador profile.

People, tenants and partners

Entities on local agreements
Different Fermi entities sign different local documents: the City's non-binding MOU names Fermi America, Inc. (a Delaware company) and the water supply agreement names Fermi, Inc.; the TCEQ air permits are held by Fermi Equipment Holdco, LLC; the foreign-trade subzone was approved for Fermi, Inc., after a 2025 draft request on behalf of Fermi SPE, LLC; the NRC environmental review notice names Fermi America LLC; the TensorWave lease landlord is Fermi Campus 1 LLC; and the Carson County groundwater leases are held by Fermi Water, LLC. 13,14,15,16,17,2,3As of Aug 14, 2026The filings reviewed describe the Texas Tech University System lease as entered by "the Company" and do not name the lessee entity (see gaps).
Co-foundersRick Perry, Toby Neugebauer, Griffin Perry
Fermi's IPO prospectus names its co-founders as Rick Perry, former Texas governor and U.S. Energy Secretary; Toby Neugebauer; and Griffin Perry, an energy investor and co-founder of Grey Rock Energy Partners. 6,4As of Sep 30, 2025
Board of directors6 directors (4 independent)
As of the October 2, 2026 proxy statement, the board has six directors: Marius Haas (independent chairman since April 20, 2026), Lee McIntire (CEO), Larry Kellerman (Chief Power Officer), Rick Perry, Jeffrey S. Stein and Cordel Robbin-Coker. The board determined Perry, Haas, Robbin-Coker and Stein are independent. The board is classified; Perry and Stein are the Class I nominees at the October 30, 2026 meeting. 4As of Oct 2, 2026
Chief executive
Toby Neugebauer was CEO from the company's founding until April 17, 2026, when the board removed him as CEO and created an Interim Office of the CEO (COO Jacobo Ortiz Blanes and Anna Bofa as co-presidents). On April 30, 2026 his employment was terminated for cause and he was removed from the board; he disputes the termination. Lee McIntire, a director since September 2025, became CEO on August 11, 2026, at a base salary of $750,000 plus a $3,000,000 restricted stock unit grant. 18,19,20,3,21As of Aug 14, 2026
Chief financial officer
CFO Miles Everson resigned effective April 19, 2026 (without "Good Reason" under his agreement). He had joined the board April 17, 2026 as a designee of a Neugebauer family trust and resigned from the board July 10, 2026, citing a dispute over access to books and records and the board's delegation of financing oversight to a finance committee, which the company disputes. Robert L. Masson became interim CFO April 29, 2026 and CFO effective July 22, 2026. 22,23,24,4As of Oct 2, 2026
Other executive officers
Officers appointed effective July 22, 2026 were George Wentz (General Counsel), Anna Bofa (Chief Commercial Officer) and Jacobo Ortiz Blanes (Chief Operating Officer). The April 2026 10-K/A also lists Larry Kellerman (Head of Power), Mesut Uzman (Chief Nuclear Construction Officer) and Charlie Hamilton (Chief Site Development Officer). 3,25As of Aug 14, 2026
2026 board changes
Jeffrey S. Stein joined the board April 19, 2026. Larry Kellerman was elected May 4, 2026 to fill Neugebauer's seat, nominated under the director nomination agreement by an entity Neugebauer controls. Under that September 30, 2025 agreement, three founder holders each may designate one director while they keep more than half of their IPO-time holdings. 22,26,4As of Oct 2, 2026The proxy gives Stein's start as both "April 2025" and "2026"; the April 20, 2026 8-K dates his appointment April 19, 2026.
First tenant lease222 MW; ~$6.5 billion over 15 years
On August 9, 2026 Fermi Campus 1 LLC signed a 15-year lease with TensorWave TEX1, LLC for a build-to-suit data center of about 311,496 square feet on about 250 acres, with 222 MW of facility power, expected to yield about $6.5 billion in contracted revenue; an expansion option would raise the total to 650 MW. Effectiveness depends on conditions including guaranties, board approvals and project-level financing. The closing date was extended to October 31, 2026; as of October 25, 2026 no filing reported that it had closed. 3,27,28,12CommitmentpendingBy Fermi Inc. (Form 10-Q, Q2 2026; press release September 22, 2026), Oct 25, 2026
AMD credit support
Fermi said on October 13, 2026 that AMD signed a credit support agreement supporting the 222 MW phase-one lease, and a partnership framework for possible expansion to 650 MW. The amount and term were not disclosed. 29,28Company statementBy Fermi Inc. (press release, October 13, 2026), Oct 13, 2026
Earlier prospective tenant
An unnamed investment-grade prospective tenant that had agreed November 3, 2025 to advance up to $150 million for construction terminated that agreement in December 2025 with no funds drawn, Fermi's December 12, 2025 8-K says. 30endedAs of Dec 12, 2025

Company record and legal

Headquarters
Fermi's filings list two different principal executive offices over time. The 10-K and 8-Ks filed through August 14, 2026 list 620 S. Taylor St., Suite 301, Amarillo; 8-Ks from August 31, 2026, the October 2, 2026 proxy statement and EDGAR's company record list 1845 Woodall Rodgers Fwy., Suite 1100, Dallas. Bisnow reported in April 2026 that Fermi was opening a Dallas headquarters. 8,31,32
  • Figures by source
  • 620 S. Taylor St., Suite 301, Amarillo, TX 79101 · Principal executive office in the 10-K (March 30, 2026) and 8-Ks through August 14, 20268,20
  • 1845 Woodall Rodgers Fwy., Suite 1100, Dallas, TX 75201 · Principal executive office in 8-Ks from August 31, 2026 and the October 2, 2026 proxy31,11,4,12
As of Oct 16, 2026No filing reviewed states when or why the principal office changed.
Stock listingsNasdaq: FRMI; LSE: FRMI
Fermi's common stock is listed on the Nasdaq Global Select Market under the symbol FRMI and has a secondary listing on the London Stock Exchange, also under FRMI. Trading on Nasdaq began October 1, 2025. 8,6,9As of Mar 30, 2026
Subsidiaries (10-K)14 listed
Exhibit 21.1 to the 2025 10-K lists 14 subsidiaries: Fermi SPE LLC, Fermi Equipment Holdco LLC, Fermi Campus 1 LLC and Carson County Investments LLC (Delaware), and Fermi Nuclear, Firebird Equipment Holdco, Fermi Services, Fermi Gas 1, Fermi Mobile Gen, Fermi Construction, Fermi Water, Fermi Warehouse, Fermi High Voltage Warehouse and Fermi Turbine Warehouse (Texas LLCs). It also lists "Fermi America" with its jurisdiction marked "Confidential." Fermi Turbine Warehouse II LLC was formed in 2026. 33,8As of Mar 30, 2026
Tax status
Fermi's IPO prospectus said it intended to be taxed as a real estate investment trust starting with 2025. In July 2026 it said it had deferred the REIT election, was taxed as a C corporation for 2025, and expects to be taxed as a C corporation at least through 2026. 6,34,3Company statementBy Fermi Inc. (Form 8-K, July 9, 2026; Form 10-Q, Q2 2026), Aug 14, 2026
Lawsuits (as disclosed)
Fermi discloses: a putative securities class action over IPO-era statements (S.D.N.Y., filed January 5, 2026); the former CEO's Texas Business Court suit over bylaws and a special meeting (filed May 1, 2026); a broker-commission suit over the turbine purchase (Texas Business Court; motion to dismiss denied August 11, 2026), seeking at least $5.985 million; a suit by Bayonne Plant Holding over equipment removal in New Jersey seeking at least about $8.5 million; and a July 27, 2026 suit by two former consultants over reclaimed units, seeking more than $415 million. Fermi says it will defend each. 3,4As of Oct 2, 2026The 10-Q states the two smaller amounts in thousands ($5,985 and $8,500); the dollar conversions are ours. Plaintiffs who are private individuals are not named here.
Federal document requests
Fermi received a July 30, 2026 subpoena from the U.S. District Court for the Eastern District of New York for documents on Project Matador, the company and certain former managers, and an August 3, 2026 voluntary document request from the SEC. No charges or findings were reported. 3As of Aug 14, 2026

Related parties

  • Fermi Inc. (Fermi America)

    Developer of Project Matador; Texas corporation; Nasdaq and LSE: FRMI8

  • Texas Tech University System

    Landowner; 99-year ground lease to Fermi (5,236 acres held or to be held)3

  • TensorWave Inc. / TensorWave TEX1, LLC

    First tenant under a signed lease (222 MW) that had not closed as of October 25, 20263,27

  • AMD

    Credit support for the TensorWave phase-one lease (per Fermi)29

  • Hillcore Energy Capital Corporation

    Framework to build, own and operate up to about 2.6 GW of generation on site3

  • Siemens Energy

    Gas turbine supplier (SGT-800 and SGT6-5000F)8

  • MUFG Bank, Ltd.

    Lender, turbine warehouse equipment financing3,11

  • Energy Transfer

    Natural gas supply for Phase 1 (per Fermi)8

  • Southwestern Public Service Co. (Xcel Energy)

    Electric service agreement for up to 200 MW of grid power8

  • Westinghouse; Hyundai Engineering & Construction; Doosan Enerbility

    Nuclear reactor design, front-end engineering and forgings (per Fermi)8,3

  • Mobile Power Solutions LLC

    Lessor of seven GE TM2500 mobile generating units3

Storylines

Events

  1. Texas Tech University System signs a 99-year ground lease with a Fermi subsidiary
  2. Fermi files the first part of an NRC combined license application for four AP1000 reactors
  3. Texas Tech University System and Fermi America announce the campus
  4. City issues letter of intent on water delivery for the Fermi campus
  5. Fermi's trade consultant drafts a foreign-trade subzone request for the campus
  6. TCEQ receives Fermi's air permit application for a gas-fired power plant
  7. Texas Tech lease amended: site reduced to 4,523 acres plus a 713-acre federal tract
  8. NRC accepts the first two parts of Fermi's license application for review
  9. CRMWA general manager briefs the Amarillo City Council on water supply and the planned 70-mile pipeline
  10. Council meets in executive session on the Fermi water supply agreement
  11. City and Fermi America sign a non-binding MOU describing up to 10 MGD
  12. Fermi begins trading on Nasdaq after its initial public offering
  13. Council members respond to questions about Fermi's reported letter of intent
  14. Council approves the Fermi water supply agreement on first reading
  15. Councilmember Prescott publishes water-use calculations for the Fermi agreement
  16. Carson County commissioners approve a phased tax abatement for Fermi, 5-0
  17. Council approves the Fermi water supply agreement 4-1 on second reading
  18. City and Fermi, Inc. sign the water supply agreement
  19. TCEQ publishes notice of its preliminary decision on Fermi's air permit
  20. Panhandle ISD trustees approve an FTZ revenue-loss indemnity agreement with Fermi
  21. Texas Tech lease terms show groundwater rights conveyed to Fermi
  22. TCEQ holds a public meeting in Panhandle on Fermi's air permit
  23. Fermi announces an electric service agreement with Southwestern Public Service (Xcel Energy)
  24. Fermi's first prospective tenant ends a $150 million construction-funding agreement
  25. Putative securities class action filed against Fermi over its IPO disclosures
  26. Fermi confirms construction at the site is paused pending the air permit
  27. Fermi closes turbine financing with MUFG; further equipment loans follow
  28. TCEQ commissioners take up hearing requests on Fermi's air permit; permit reported approved
  29. City of Amarillo applies for a foreign-trade subzone for Fermi's Panhandle site
  30. NRC announces an environmental impact statement and scoping for the reactors
  31. Fermi says it filed a second air permit application with TCEQ
  32. Fermi reports groundwater leases and on-site water pipeline in earnings update
  33. Texas Tech University System and Fermi sign a collaboration agreement; Fermi to prepay rent
  34. Fermi's CEO steps down; Texas Tech System says it is discussing lease milestone extensions
  35. Former CEO sues Fermi and several directors in Texas Business Court
  36. Fermi responds to opposition comments on the City's foreign-trade subzone application
  37. Fermi notifies the FTZ Board of proposed power-plant production activity
  38. Former CEO's group files materials seeking a special shareholder meeting; Fermi opposes
  39. NRC confirms receipt of Fermi's applicant-prepared draft environmental impact statement
  40. Fermi issues $431.25 million of convertible senior notes due 2031
  41. Fermi receives a federal court subpoena and an SEC document request about Project Matador
  42. Governor Abbott directs an audit of data centers seeking ERCOT grid connections
  43. Fermi announces a 15-year lease with TensorWave at Project Matador
  44. Fermi names a new CEO and signs a framework for a third party to build 2.6 GW of generation
  45. TCEQ cancels an August 24 public meeting on a second set of Fermi air permits
  46. Fermi's second-quarter 2026 reports describe on-site water lines and groundwater leases
  47. FTZ Board approves Subzone 252B for Fermi's Panhandle site
  48. City reports Fermi's July 2026 water use at 310,000 gallons (386th among top users)
  49. Fermi reports its first gas turbines delivered to the Project Matador site
  50. Fermi and TensorWave extend the lease closing date to October 31, 2026
  51. Fermi agreement raised at the FY2026/27 budget hearing on water and sewer fees
  52. NRC publishes the draft environmental impact statement for four reactors; comments due November 23
  53. Fermi announces an AMD credit support agreement for the TensorWave phase-one lease
  54. Fermi amends its MUFG turbine loan to remove the November 10 400 MW lease covenant
  55. Fermi's first annual shareholder meeting (scheduled)
  56. Extended closing date for the TensorWave lease
  57. Fermi's third-quarter 2026 results release (scheduled)
  58. Fermi's scheduled third-quarter 2026 results release
  59. Comment deadline on the NRC draft environmental impact statement for the reactors
  60. Deadline for Texas Tech's notice to proceed and Fermi's $9 million lease escrow
  61. Deadline for Fermi to complete and dedicate the water improvements

Not public, or not found

  • Market capitalization and current share price. Checked: 10-K and 10-Q cover pages (no market-value figure), proxy statement, 8-Ks; only the convertible conversion price and the former CEO's percentage-decline claims (advocacy) were found
  • Which Fermi entity is the lessee under the Texas Tech University System ground lease. Checked: 10-K, 10-Q Q2 2026 lease note (both say "the Company"), Exhibit 21.1
  • Whether the TensorWave lease closed by October 31, 2026. Checked: EDGAR filing list through October 22, 2026 (no 8-K after October 16), web search for October 2026 news
  • Third-quarter 2026 financial results. Checked: EDGAR (no 10-Q for the quarter ended September 30, 2026); release scheduled November 12, 2026
  • Status of the securities class action after June 30, 2026 (lead plaintiff, consolidated complaint, motions). Checked: 10-Q Q2 2026, DEF 14A (the proxy's legal section covers only the former CEO's suit)
  • Whether Hillcore definitive documents were signed within the 90-day window. Checked: EDGAR 8-Ks through October 16, 2026
  • Outcome of the former CEO's special-meeting solicitation (whether requests reached 50%). Checked: Fermi DEFC14A, 10-Q Q2 2026, DEF 14A, Neugebauer PX14A6G; none reports a final count
  • Employee count in 2026. Checked: 10-Q Q2 2026, DEF 14A
Sources (34)