---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-095832"
form_type: "8-K"
ticker: "FRMI"
cik: "0002071778"
company_name: "Fermi Inc."
filed_at: "2025-10-03T23:59:59+00:00"
generated_at: "2026-05-17T04:51:57.341182+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-095832
- form_type: 8-K
- ticker: FRMI
- cik: 0002071778
- company_name: Fermi Inc.
- filed_at: 2025-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2071778/000121390025095832/0001213900-25-095832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2071778/000121390025095832/ea0260052-8k_fermi.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-095832
- JSON: https://secwatch.observer/filing/0001213900-25-095832.json
- Plain text: https://secwatch.observer/filing/0001213900-25-095832.txt

## Key facts
- Governance Changes
  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
  source text: to impose stock ownership requirements on shareholders seeking to submit a proposal
  evidence_url: https://www.sec.gov/Archives/edgar/data/2071778/000121390025095832/0001213900-25-095832-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.