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Fermi Inc. SEC Filings

FRMI NASDAQ

Welcome to our dedicated page for Fermi SEC filings (Ticker: FRMI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

The Fermi Inc. (FRMI) SEC filings page on Stock Titan is intended to provide access to the company’s regulatory disclosures once they are available through the U.S. Securities and Exchange Commission’s EDGAR system. As a real estate investment trust listed on Nasdaq and referenced in London Stock Exchange contexts, Fermi Inc. is expected to file periodic and current reports that describe its business, risk factors, financial condition, and material developments.

Based on the company’s public descriptions, Fermi America focuses on developing Project Matador, an 11-gigawatt private energy grid campus that integrates natural gas, nuclear, utility grid power, solar power, and battery energy storage to support artificial intelligence infrastructure. When SEC filings such as annual reports on Form 10-K and quarterly reports on Form 10-Q are available, they can be used to review detailed information about this business model, its REIT structure, and the assets associated with the Project Matador campus.

On this page, Stock Titan will surface Fermi Inc.’s filings in real time as they are posted to EDGAR, and apply AI-powered summaries to help explain the contents of lengthy documents. For example, AI-generated highlights can point to sections that discuss the company’s private grid strategy, its energy and infrastructure assets, and any disclosed agreements or regulatory approvals related to its 11 GW campus.

In addition to periodic reports, users will be able to review current reports on Form 8-K for material events, and insider transaction reports on Form 4 when they become available. These documents can provide further insight into governance, capital formation, and significant developments affecting Fermi Inc. and its AI-focused energy and infrastructure platform.

Rhea-AI Summary

Fermi Inc., through its subsidiary Fermi High Voltage Warehouse LLC, has entered into a senior secured credit facility of up to $120,000,000 to finance equipment for its Project Matador. The facility can be increased by up to an additional $100,000,000 under an accordion feature.

The loan is structured under two promissory notes bearing interest at 12.90% per annum and maturing on August 19, 2031, with initial interest-only payments followed by amortizing payments after a conversion date. Advances fund up to 80% of each equipment purchase, with the borrower contributing the remaining 20%.

The debt is secured by the Project Matador equipment, substantially all of the borrower’s assets, a pledge of the borrower’s equity, and a controlled deposit account. Fermi Inc. has provided a limited guaranty for up to 25% of the principal and must maintain at least $20,000,000 of liquidity until obligations are repaid or an approved customer agreement is executed.

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Pencross Energy, LLC and manager Steven Meisel report an 8.45% beneficial stake in Fermi Inc. common stock. They disclose beneficial ownership of 51,875,000 shares, based on 614,025,378 shares outstanding as of November 11, 2025, as cited from Fermi’s Form 10-Q.

The shares are directly held by Pencross Energy, LLC, with Meisel potentially sharing voting and dispositive power through his role as manager. Both reporting persons list zero sole voting or dispositive power and shared power over all reported shares. The filing is an Amendment No. 1 to a Schedule 13G for an ownership position above 5%.

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Fermi Inc. entered into a senior secured equipment loan warehouse facility with MUFG Bank for up to $500,000,000 to support its AI-focused Project Matador campus and broader turbine fleet. A Fermi subsidiary will borrow under an Equipment Supply Loan Financing Agreement maturing eighteen months after the closing date.

Loans bear interest at Term SOFR or Daily Simple SOFR plus 4% and can be drawn for nine months. Proceeds will fund three Siemens Energy F-class gas turbines, pay $168,300,000 to Siemens Energy, refinance an existing term loan, cover fees and reserves, and support additional turbine deployment. The facility is secured by turbine-related assets and equity pledges and includes loan-to-value covenants with target ratios of 65% for delivered and 55% for undelivered equipment.

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FAQ

What is the current stock price of Fermi (FRMI)?

The current stock price of Fermi (FRMI) is $10.21 as of March 2, 2026.

What is the market cap of Fermi (FRMI)?

The market cap of Fermi (FRMI) is approximately 6.1B.

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FRMI Stock Data

6.12B
181.72M
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