{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-120940","form_type":"8-K","ticker":"FRMI","cik":"0002071778","company_name":"Fermi Inc.","filed_at":"2025-12-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.529901+00:00","generated_at":"2026-05-16T13:24:55.127872+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Fermi reports termination of $150M advance agreement by tenant at Project Matador; lease talks continue","bullets":["First tenant terminated AICA on Dec 11, 2025; no funds had been drawn under the agreement.","Parties continue to negotiate a definitive lease under the existing non-binding LOI.","Exclusivity period expired Dec 9; Fermi commenced discussions with other potential tenants for 2026 power delivery.","Company reaffirms confidence in meeting expected power delivery schedule despite AICA termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-120940","json":"https://secwatch.observer/filing/0001213900-25-120940.json","markdown":"https://secwatch.observer/filing/0001213900-25-120940.md","text":"https://secwatch.observer/filing/0001213900-25-120940.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2071778/000121390025120940/0001213900-25-120940-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2071778/000121390025120940/ea0269377-8k_fermi.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:24:55.127872+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}