Fermi America™ Announces Execution of an Advance in Aid of Construction Agreement for $150 Million with its First Prospective Client

Rhea-AI Summary

Fermi America (Nasdaq: FRMI) announced on Nov 6, 2025 that it executed an Advance in Aid of Construction Agreement (AIAC) for $150 million with its first prospective client in Amarillo, Texas. The agreement represents a secured capital commitment tied to a specific client project and marks the company’s first disclosed AIAC.

Positive

• $150 million AIAC executed on Nov 6, 2025
• Agreement with the company’s first prospective client

Negative

• None.

AMARILLO, Texas, Nov. 6, 2025 /PRNewswire/ -- Fermi America (Nasdaq: FRMI) today announced the execution of an Advance in Aid of Construction Agreement (AIAC) for $150 million with its first prospective client.

For media inquiries, please contact: 
Lexi Swearingen 
Media@FermiAmerica.com 

About Fermi America  

Fermi America™ (Nasdaq: FRMI) (https://fermiamerica.com/) is pioneering the development of next-generation private electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary Rick Perry, and Co-founder and former Co-Managing Partner of Quantum Energy, Toby Neugebauer, Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world's largest, 11 GW next-gen private grid. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence.   

Forward-looking Statements 

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SOURCE Fermi America

FAQ

What did Fermi America (FRMI) announce on Nov 6, 2025?

Fermi America announced execution of an Advance in Aid of Construction (AIAC) for $150 million with its first prospective client.

How much is the AIAC that Fermi America (FRMI) executed?

The AIAC is for $150 million.

Who is the counterparty to Fermi America’s (FRMI) $150M AIAC?

The company said the agreement is with its first prospective client; no counterparty name was provided.

When was Fermi America (FRMI) reported to have executed the AIAC?

The company announced the AIAC execution on Nov 6, 2025.

What does the $150M AIAC mean for FRMI shareholders now?

The announcement shows a capital commitment of $150M tied to a client project; the company did not disclose financing details or immediate shareholder impacts.