{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-076788","form_type":"8-K","ticker":"FRMI","cik":"0002071778","company_name":"Fermi Inc.","filed_at":"2026-07-09T21:11:38+00:00","discovered_at":"2026-07-09T21:14:00.322201+00:00","generated_at":"2026-07-09T21:14:08.131646+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fermi Inc. launches $350M convertible note offering, defers REIT election, updates on litigation and tenant negotiations","bullets":["Offers $350M convertible senior notes due 2031; initial purchasers have option for additional $52.5M.","Defers REIT election; will be C corp for 2025, expects to elect REIT for 2026 but no assurance.","Litigation with former CEO Toby Neugebauer continues; company voluntarily dismissed its declaratory action but faces counterclaims.","Advanced discussions with 7 potential tenants and 12 JV partners; expects first binding agreement in Q3 2026.","As of June 30, 2026, cash and equivalents $92M (incl. $29.2M restricted); total debt $536.9M."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-076788","json":"https://secwatch.observer/filing/0001213900-26-076788.json","markdown":"https://secwatch.observer/filing/0001213900-26-076788.md","text":"https://secwatch.observer/filing/0001213900-26-076788.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2071778/000121390026076788/0001213900-26-076788-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2071778/000121390026076788/ea0297535-8k_fermi.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-09T21:14:08.131646+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"}