Fermi Inc. completes IPO of 37.4M shares at $21.00, raising ~$785M

Fermi Inc.

Issued 37,375,000 shares (incl. over-allotment) at $21.00 for gross proceeds of $784,875,000.
Converted from Texas LLC to Texas corporation; board appointed: Neugebauer, Haas, Perry, Robbin-Coker, McIntire.
Adopted 2025 Long-Term Incentive Plan with 69,073,650 shares authorized plus annual evergreen increase through 2035.
Entered indemnification agreements with directors and executive officers; amended certificate to impose shareholder proposal ownership thresholds.

item 1.01 item 5.02 item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Fermi Inc.: Amended certificate of formation to impose stock ownership requirements on shareholders submitting proposals (effective 2025-10-01).

Change: charter amendment
Effective: 2025-10-01

Exact text from the filing

to impose stock ownership requirements on shareholders seeking to submit a proposal

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Fermi Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-095832

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