On June 18, Fermi Inc. rose 5.08% in pre-market trading, trading at $9.11/share, with turnover of $1.1498 million.

On the news front, the company's proxy fight continues to intensify. Toby Neugebauer has filed definitive proxy solicitation materials with the SEC, seeking to convene a special shareholder meeting. In response, the Fermi board issued an urgent appeal to all shareholders, recommending they return white consent revocation cards to protect their investments. Multiple non-management definitive supplemental proxy statements and contested proxy filings have been disclosed in rapid succession since late May, signaling an active corporate governance battle.

Fermi Inc., founded in 2025, is an advanced energy and hyperscale data center development company focused on meeting AI infrastructure demand. Its core Matador project aims to integrate natural gas, nuclear, and solar energy to deliver off-grid computing capacity. The stock has risen from approximately $6.08 in early June to current levels, with market participants closely tracking the proxy contest developments.

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