Fermi Inc. files quarterly 10-Q report for period ended September 30, 2026
Fermi Inc. filed its 10-Q for Q3 2026 showing 646.95 million shares outstanding; the main risk flagged concerns Project Matador and its ground lease.
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what happened
Fermi Inc. has filed its quarterly report on Form 10-Q for the period ended September 30, 2026, according to the document dated November 13, 2026. As of November 5, 2026, there were 646,953,440 common shares outstanding, each with a par value of $0.001.
The company was originally formed as Fermi LLC on January 10, 2025. On September 30, 2025, right after its IPO registration statement on Form S-11 took effect, it converted into a Texas corporation. The shares trade on Nasdaq and the London Stock Exchange under the ticker FRMI.
why it matters
The main issue for investors in this filing is Project Matador. The company needs to receive a notice to proceed under its ground lease with Texas Tech University System by December 31, 2026, or obtain an extension, otherwise the university may terminate the lease. Most of the document is standard regulatory disclosure.
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sources
- REG - Fermi Inc. — FRMI 3Q26 Form 10-Q, 13 November 2026 at 17:20 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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