secwatch.observer — SEC 8-K summary
======================================

Issuer:     Fermi Inc. (FRMI)
CIK:        0002071778
Form:       8-K
Filed at:   2025-10-03T23:59:59+00:00
Accession:  0001213900-25-095832
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 5.02, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2071778/000121390025095832/0001213900-25-095832-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2071778/000121390025095832/ea0260052-8k_fermi.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-095832

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer