http://142-54-23-223.fusionmedialtd.com Latest StreetInsider.com News Articles en-us Copyright 2026, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Wed, 15 Jul 2026 16:55:00 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://142-54-23-223.fusionmedialtd.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/SEC+Filings/Form++8-K++++++++Fermi+Inc.++++++++++++++++For%3A+Jul+09/26774776.html si-local-file:///var/storage/secattach/20260715/26774776.html http://www.streetinsider.com/SEC+Filings/Form++8-K++++++++Fermi+Inc.++++++++++++++++For%3A+Jul+09/26774776.html Wed, 15 Jul 2026 16:55:00 -0400 FRMI http://www.streetinsider.com/Corporate+News/Fermi+raises+%24431M+in+convertible+notes+for+AI+campus+project/26771493.html <p>Fermi Inc. (Nasdaq: FRMI) has closed an upsized offering of $431.25 million in 5.00% Convertible Senior Notes due 2031, according to a company statement. The offering included the full exercise of an option for an additional $56.25 million in notes by initial purchasers.</p><p>The notes carry a 5.00% annual interest rate and mature on July 15, 2031. The initial conversion price is approximately $9.52 per share, a 30% premium to Fermi's July 9, 2026 closing stock price. Net proceeds totaled approximately $416.81 million after deducting discounts, commissions, and estimated expenses.</p><p>Fermi entered into capped call transactions costing approximately $34.5 million, setting an http://www.streetinsider.com/Corporate+News/Fermi+raises+%24431M+in+convertible+notes+for+AI+campus+project/26771493.html Wed, 15 Jul 2026 08:32:00 -0400 FRMI http://www.streetinsider.com/Press+Releases/Fermi+Outlines+Strategic+Rationale+for+Upsized+%24431+Million+Convertible+Notes+Offering/26771473.html <p><i><strong>Flexible convertible structure with shareholder-friendly capped call minimizes dilution</strong></i></p><p><i><strong>Proceeds strengthen liquidity in midst of customer and partner negotiations and preserve Fermi's speed-to-power advantage</strong></i></p><p><i><strong>Attractive five-year cost of capital provides run room to advance multiple commercial tracks in parallel</strong></i></p> <p><strong id="dateline">DALLAS, TX / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / July 15, 2026 / </strong>Fermi Inc. (Nasdaq:FRMI)(LSE:FRMI), operating as Fermi America^™ ("Fermi" or the "Company"), outlined today the strategic rationale for its recently closed and upsized offering of $431.25 million aggregate principal amount of 5.00% Convertible Senior Notes due 2031 (the "Notes"), which included the exercise in full of http://www.streetinsider.com/Press+Releases/Fermi+Outlines+Strategic+Rationale+for+Upsized+%24431+Million+Convertible+Notes+Offering/26771473.html Wed, 15 Jul 2026 08:30:00 -0400 FRMI http://www.streetinsider.com/ACCESS+Newswire/Fermi+Outlines+Strategic+Rationale+for+Upsized+%24431+Million+Convertible+Notes+Offering/26771473.html <p><i><strong>Flexible convertible structure with shareholder-friendly capped call minimizes dilution</strong></i></p><p><i><strong>Proceeds strengthen liquidity in midst of customer and partner negotiations and preserve Fermi's speed-to-power advantage</strong></i></p><p><i><strong>Attractive five-year cost of capital provides run room to advance multiple commercial tracks in parallel</strong></i></p> <p><strong id="dateline">DALLAS, TX / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / July 15, 2026 / </strong>Fermi Inc. (Nasdaq:FRMI)(LSE:FRMI), operating as Fermi America^™ ("Fermi" or the "Company"), outlined today the strategic rationale for its recently closed and upsized offering of $431.25 million aggregate principal amount of 5.00% Convertible Senior Notes due 2031 (the "Notes"), which included the exercise in full of http://www.streetinsider.com/ACCESS+Newswire/Fermi+Outlines+Strategic+Rationale+for+Upsized+%24431+Million+Convertible+Notes+Offering/26771473.html Wed, 15 Jul 2026 08:30:00 -0400 FRMI http://www.streetinsider.com/Equity+Offerings/Fermi+board+member+quits+over+%24375M+convertible+note+offering/26761823.html <p>Miles Everson resigned from the board of Fermi Inc. (Nasdaq: FRMI) after the company completed a $375 million convertible note offering without notifying all board members in advance, according to a statement from co-founder and largest shareholder Toby Neugebauer.</p> <p>In his resignation letter, Everson stated he had not received board minutes or board communications for months. "For the avoidance of doubt, I am not resigning for personal reasons, due to time constraints or as part of an ordinary-course board transition. I am resigning because I disagree with the company's failure to provide directors with required board and committee minutes and related http://www.streetinsider.com/Equity+Offerings/Fermi+board+member+quits+over+%24375M+convertible+note+offering/26761823.html Mon, 13 Jul 2026 13:16:56 -0400 A.11859640 FRMI O.00783157 http://www.streetinsider.com/Equity+Offerings/Fermi+board+member+quits+over+%24375M+convertible+note+offering/26761823.html <p>Miles Everson resigned from the board of Fermi Inc. (Nasdaq: FRMI) after the company completed a $375 million convertible note offering without notifying all board members in advance, according to a statement from co-founder and largest shareholder Toby Neugebauer.</p> <p>In his resignation letter, Everson stated he had not received board minutes or board communications for months. "For the avoidance of doubt, I am not resigning for personal reasons, due to time constraints or as part of an ordinary-course board transition. I am resigning because I disagree with the company's failure to provide directors with required board and committee minutes and related http://www.streetinsider.com/Equity+Offerings/Fermi+board+member+quits+over+%24375M+convertible+note+offering/26761823.html Mon, 13 Jul 2026 13:16:56 -0400 A.11859640 FRMI O.00783157 http://www.streetinsider.com/Equity+Offerings/Fermi+board+member+quits+over+%24375M+convertible+note+offering/26761823.html <p>Miles Everson resigned from the board of Fermi Inc. (Nasdaq: FRMI) after the company completed a $375 million convertible note offering without notifying all board members in advance, according to a statement from co-founder and largest shareholder Toby Neugebauer.</p> <p>In his resignation letter, Everson stated he had not received board minutes or board communications for months. "For the avoidance of doubt, I am not resigning for personal reasons, due to time constraints or as part of an ordinary-course board transition. I am resigning because I disagree with the company's failure to provide directors with required board and committee minutes and related http://www.streetinsider.com/Equity+Offerings/Fermi+board+member+quits+over+%24375M+convertible+note+offering/26761823.html Mon, 13 Jul 2026 13:16:56 -0400 A.11859640 FRMI O.00783157 http://www.streetinsider.com/Press+Releases/Neugebauer+Addresses+%24375mm+Convertible+Note+Offering+that+Resulted+in+Former+Fermi+CFO+Miles+Everson%27s+Resignation+from+Fermi+Board%3B+Reaffirms+Confidence+in+Company+Securing+Its+Tenant/26761821.html <div class="xn-content"> <ul type="disc"><li><i>As the former CFO of Fermi and the principal author of the Committee of Sponsoring Organizations Internal Control—Integrated Framework, Everson's departure from Fermi's board is disheartening for all shareholders</i></li></ul><ul type="disc"><li><i>The Fermi Board and its lawyers continue abusing <location value="LS/us.tx" idsrc="xmltag.org" >Texas'</location> pro-business environment by acting as if they are accountable to no one</i></li></ul><ul type="disc"><li><i>Above all, Neugebauer's focus remains on Fermi's long-term success — the company he envisioned, founded, and built; recently published on Seeking Alpha where Project Matador was referred to as the 'most valuable asset in the AI race.'</i></li></ul><p><span class="legendSpanClass"><location value="LU/us.tx.dallas" idsrc="xmltag.org" >DALLAS</location></span>, <span class="legendSpanClass"><chron>July 13, 2026</chron></span> http://www.streetinsider.com/Press+Releases/Neugebauer+Addresses+%24375mm+Convertible+Note+Offering+that+Resulted+in+Former+Fermi+CFO+Miles+Everson%27s+Resignation+from+Fermi+Board%3B+Reaffirms+Confidence+in+Company+Securing+Its+Tenant/26761821.html Mon, 13 Jul 2026 13:16:00 -0400 A.11859640 FRMI O.00783157 http://www.streetinsider.com/PRNewswire/Neugebauer+Addresses+%24375mm+Convertible+Note+Offering+that+Resulted+in+Former+Fermi+CFO+Miles+Everson%27s+Resignation+from+Fermi+Board%3B+Reaffirms+Confidence+in+Company+Securing+Its+Tenant/26761821.html <div class="xn-content"> <ul type="disc"><li><i>As the former CFO of Fermi and the principal author of the Committee of Sponsoring Organizations Internal Control—Integrated Framework, Everson's departure from Fermi's board is disheartening for all shareholders</i></li></ul><ul type="disc"><li><i>The Fermi Board and its lawyers continue abusing <location value="LS/us.tx" idsrc="xmltag.org" >Texas'</location> pro-business environment by acting as if they are accountable to no one</i></li></ul><ul type="disc"><li><i>Above all, Neugebauer's focus remains on Fermi's long-term success — the company he envisioned, founded, and built; recently published on Seeking Alpha where Project Matador was referred to as the 'most valuable asset in the AI race.'</i></li></ul><p><span class="legendSpanClass"><location value="LU/us.tx.dallas" idsrc="xmltag.org" >DALLAS</location></span>, <span class="legendSpanClass"><chron>July 13, 2026</chron></span> http://www.streetinsider.com/PRNewswire/Neugebauer+Addresses+%24375mm+Convertible+Note+Offering+that+Resulted+in+Former+Fermi+CFO+Miles+Everson%27s+Resignation+from+Fermi+Board%3B+Reaffirms+Confidence+in+Company+Securing+Its+Tenant/26761821.html Mon, 13 Jul 2026 13:16:00 -0400 A.11859640 FRMI O.00783157 http://www.streetinsider.com/Press+Releases/Neugebauer+Addresses+%24375mm+Convertible+Note+Offering+that+Resulted+in+Former+Fermi+CFO+Miles+Everson%27s+Resignation+from+Fermi+Board%3B+Reaffirms+Confidence+in+Company+Securing+Its+Tenant/26761821.html <div class="xn-content"> <ul type="disc"><li><i>As the former CFO of Fermi and the principal author of the Committee of Sponsoring Organizations Internal Control—Integrated Framework, Everson's departure from Fermi's board is disheartening for all shareholders</i></li></ul><ul type="disc"><li><i>The Fermi Board and its lawyers continue abusing <location value="LS/us.tx" idsrc="xmltag.org" >Texas'</location> pro-business environment by acting as if they are accountable to no one</i></li></ul><ul type="disc"><li><i>Above all, Neugebauer's focus remains on Fermi's long-term success — the company he envisioned, founded, and built; recently published on Seeking Alpha where Project Matador was referred to as the 'most valuable asset in the AI race.'</i></li></ul><p><span class="legendSpanClass"><location value="LU/us.tx.dallas" idsrc="xmltag.org" >DALLAS</location></span>, <span class="legendSpanClass"><chron>July 13, 2026</chron></span> http://www.streetinsider.com/Press+Releases/Neugebauer+Addresses+%24375mm+Convertible+Note+Offering+that+Resulted+in+Former+Fermi+CFO+Miles+Everson%27s+Resignation+from+Fermi+Board%3B+Reaffirms+Confidence+in+Company+Securing+Its+Tenant/26761821.html Mon, 13 Jul 2026 13:16:00 -0400 A.11859640 FRMI O.00783157 http://www.streetinsider.com/PRNewswire/Neugebauer+Addresses+%24375mm+Convertible+Note+Offering+that+Resulted+in+Former+Fermi+CFO+Miles+Everson%27s+Resignation+from+Fermi+Board%3B+Reaffirms+Confidence+in+Company+Securing+Its+Tenant/26761821.html <div class="xn-content"> <ul type="disc"><li><i>As the former CFO of Fermi and the principal author of the Committee of Sponsoring Organizations Internal Control—Integrated Framework, Everson's departure from Fermi's board is disheartening for all shareholders</i></li></ul><ul type="disc"><li><i>The Fermi Board and its lawyers continue abusing <location value="LS/us.tx" idsrc="xmltag.org" >Texas'</location> pro-business environment by acting as if they are accountable to no one</i></li></ul><ul type="disc"><li><i>Above all, Neugebauer's focus remains on Fermi's long-term success — the company he envisioned, founded, and built; recently published on Seeking Alpha where Project Matador was referred to as the 'most valuable asset in the AI race.'</i></li></ul><p><span class="legendSpanClass"><location value="LU/us.tx.dallas" idsrc="xmltag.org" >DALLAS</location></span>, <span class="legendSpanClass"><chron>July 13, 2026</chron></span> http://www.streetinsider.com/PRNewswire/Neugebauer+Addresses+%24375mm+Convertible+Note+Offering+that+Resulted+in+Former+Fermi+CFO+Miles+Everson%27s+Resignation+from+Fermi+Board%3B+Reaffirms+Confidence+in+Company+Securing+Its+Tenant/26761821.html Mon, 13 Jul 2026 13:16:00 -0400 A.11859640 FRMI O.00783157 http://www.streetinsider.com/Press+Releases/Neugebauer+Addresses+%24375mm+Convertible+Note+Offering+that+Resulted+in+Former+Fermi+CFO+Miles+Everson%27s+Resignation+from+Fermi+Board%3B+Reaffirms+Confidence+in+Company+Securing+Its+Tenant/26761821.html <div class="xn-content"> <ul type="disc"><li><i>As the former CFO of Fermi and the principal author of the Committee of Sponsoring Organizations Internal Control—Integrated Framework, Everson's departure from Fermi's board is disheartening for all shareholders</i></li></ul><ul type="disc"><li><i>The Fermi Board and its lawyers continue abusing <location value="LS/us.tx" idsrc="xmltag.org" >Texas'</location> pro-business environment by acting as if they are accountable to no one</i></li></ul><ul type="disc"><li><i>Above all, Neugebauer's focus remains on Fermi's long-term success — the company he envisioned, founded, and built; recently published on Seeking Alpha where Project Matador was referred to as the 'most valuable asset in the AI race.'</i></li></ul><p><span class="legendSpanClass"><location value="LU/us.tx.dallas" idsrc="xmltag.org" >DALLAS</location></span>, <span class="legendSpanClass"><chron>July 13, 2026</chron></span> http://www.streetinsider.com/Press+Releases/Neugebauer+Addresses+%24375mm+Convertible+Note+Offering+that+Resulted+in+Former+Fermi+CFO+Miles+Everson%27s+Resignation+from+Fermi+Board%3B+Reaffirms+Confidence+in+Company+Securing+Its+Tenant/26761821.html Mon, 13 Jul 2026 13:16:00 -0400 A.11859640 FRMI O.00783157 http://www.streetinsider.com/PRNewswire/Neugebauer+Addresses+%24375mm+Convertible+Note+Offering+that+Resulted+in+Former+Fermi+CFO+Miles+Everson%27s+Resignation+from+Fermi+Board%3B+Reaffirms+Confidence+in+Company+Securing+Its+Tenant/26761821.html <div class="xn-content"> <ul type="disc"><li><i>As the former CFO of Fermi and the principal author of the Committee of Sponsoring Organizations Internal Control—Integrated Framework, Everson's departure from Fermi's board is disheartening for all shareholders</i></li></ul><ul type="disc"><li><i>The Fermi Board and its lawyers continue abusing <location value="LS/us.tx" idsrc="xmltag.org" >Texas'</location> pro-business environment by acting as if they are accountable to no one</i></li></ul><ul type="disc"><li><i>Above all, Neugebauer's focus remains on Fermi's long-term success — the company he envisioned, founded, and built; recently published on Seeking Alpha where Project Matador was referred to as the 'most valuable asset in the AI race.'</i></li></ul><p><span class="legendSpanClass"><location value="LU/us.tx.dallas" idsrc="xmltag.org" >DALLAS</location></span>, <span class="legendSpanClass"><chron>July 13, 2026</chron></span> http://www.streetinsider.com/PRNewswire/Neugebauer+Addresses+%24375mm+Convertible+Note+Offering+that+Resulted+in+Former+Fermi+CFO+Miles+Everson%27s+Resignation+from+Fermi+Board%3B+Reaffirms+Confidence+in+Company+Securing+Its+Tenant/26761821.html Mon, 13 Jul 2026 13:16:00 -0400 A.11859640 FRMI O.00783157 http://www.streetinsider.com/Board+Changes/Miles+Everson+resigns+from+Fermi+board+amid+records+dispute/26760780.html <p>Miles Everson resigned as a director of Fermi Inc. (NASDAQ: FRMI) on July 10, 2026, citing a disagreement over access to company books and records and the Board of Directors' decision to delegate oversight of certain financing transactions to a Finance Committee.</p><p>Everson, who served as a director designee of Toby Neugebauer, submitted a resignation letter to the Board effective immediately. At the time of his resignation, he did not serve on any Board committee.</p><p>The company stated that Everson was granted full access to its books and records, with the exception of materials related to pending litigation involving Neugebauer, on whose http://www.streetinsider.com/Board+Changes/Miles+Everson+resigns+from+Fermi+board+amid+records+dispute/26760780.html Mon, 13 Jul 2026 09:19:40 -0400 FRMI http://www.streetinsider.com/Corporate+News/Miles+Everson+resigns+from+Fermi+board+amid+records+dispute/26760780.html <p>Miles Everson resigned as a director of Fermi Inc. (NASDAQ: FRMI) on July 10, 2026, citing a disagreement over access to company books and records and the Board of Directors' decision to delegate oversight of certain financing transactions to a Finance Committee.</p><p>Everson, who served as a director designee of Toby Neugebauer, submitted a resignation letter to the Board effective immediately. At the time of his resignation, he did not serve on any Board committee.</p><p>The company stated that Everson was granted full access to its books and records, with the exception of materials related to pending litigation involving Neugebauer, on whose http://www.streetinsider.com/Corporate+News/Miles+Everson+resigns+from+Fermi+board+amid+records+dispute/26760780.html Mon, 13 Jul 2026 09:19:40 -0400 FRMI http://www.streetinsider.com/Hot+Corp.+News/Miles+Everson+resigns+from+Fermi+board+amid+records+dispute/26760780.html <p>Miles Everson resigned as a director of Fermi Inc. (NASDAQ: FRMI) on July 10, 2026, citing a disagreement over access to company books and records and the Board of Directors' decision to delegate oversight of certain financing transactions to a Finance Committee.</p><p>Everson, who served as a director designee of Toby Neugebauer, submitted a resignation letter to the Board effective immediately. At the time of his resignation, he did not serve on any Board committee.</p><p>The company stated that Everson was granted full access to its books and records, with the exception of materials related to pending litigation involving Neugebauer, on whose http://www.streetinsider.com/Hot+Corp.+News/Miles+Everson+resigns+from+Fermi+board+amid+records+dispute/26760780.html Mon, 13 Jul 2026 09:19:40 -0400 FRMI http://www.streetinsider.com/SEC+Filings/Form++8-K++++++++Fermi+Inc.++++++++++++++++For%3A+Jul+10/26760770.html si-local-file:///var/storage/secattach/20260713/26760770.html http://www.streetinsider.com/SEC+Filings/Form++8-K++++++++Fermi+Inc.++++++++++++++++For%3A+Jul+10/26760770.html Mon, 13 Jul 2026 09:16:00 -0400 FRMI http://www.streetinsider.com/Equity+Offerings/Fermi+Inc.+prices+%24375M+convertible+notes+at+5%25+due+2031/26754267.html <p>Fermi Inc. (NASDAQ: FRMI, LSE: FRMI) has priced an upsized offering of $375 million in 5.00% convertible senior notes due 2031, sold to qualified institutional buyers under Rule 144A, according to a company statement.</p> <p>The initial purchasers have been granted an option to buy up to an additional $56.25 million in notes, which would bring the total offering to $431.25 million. The sale is scheduled to close on July 14, 2026.</p> <p>The notes carry an initial conversion price of approximately $9.52 per share, representing a 30% premium over the closing stock price of $7.32 on July 9, 2026. The notes will bear http://www.streetinsider.com/Equity+Offerings/Fermi+Inc.+prices+%24375M+convertible+notes+at+5%25+due+2031/26754267.html Thu, 09 Jul 2026 23:39:15 -0400 FRMI http://www.streetinsider.com/Corporate+News/Fermi+Inc.+prices+%24375M+convertible+notes+at+5%25+due+2031/26754267.html <p>Fermi Inc. (NASDAQ: FRMI, LSE: FRMI) has priced an upsized offering of $375 million in 5.00% convertible senior notes due 2031, sold to qualified institutional buyers under Rule 144A, according to a company statement.</p> <p>The initial purchasers have been granted an option to buy up to an additional $56.25 million in notes, which would bring the total offering to $431.25 million. The sale is scheduled to close on July 14, 2026.</p> <p>The notes carry an initial conversion price of approximately $9.52 per share, representing a 30% premium over the closing stock price of $7.32 on July 9, 2026. The notes will bear http://www.streetinsider.com/Corporate+News/Fermi+Inc.+prices+%24375M+convertible+notes+at+5%25+due+2031/26754267.html Thu, 09 Jul 2026 23:39:15 -0400 FRMI http://www.streetinsider.com/Press+Releases/Fermi+Inc.+Prices+Upsized+Offering+of+%24375+Million+of+Convertible+Senior+Notes+-+Dilution+Offset+Until+%2414.64+per+Share/26754266.html <p><strong id="dateline">DALLAS, TX / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / July 9, 2026 / </strong>Fermi Inc. (NASDAQ:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company") today announced the upsized pricing of 5.00% convertible senior notes due 2031 (the "Notes") in an aggregate principal amount of $375 million (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company also granted to the initial purchasers of the Notes an option to purchase, for settlement within 13-day period from the date http://www.streetinsider.com/Press+Releases/Fermi+Inc.+Prices+Upsized+Offering+of+%24375+Million+of+Convertible+Senior+Notes+-+Dilution+Offset+Until+%2414.64+per+Share/26754266.html Thu, 09 Jul 2026 23:38:00 -0400 FRMI http://www.streetinsider.com/ACCESS+Newswire/Fermi+Inc.+Prices+Upsized+Offering+of+%24375+Million+of+Convertible+Senior+Notes+-+Dilution+Offset+Until+%2414.64+per+Share/26754266.html <p><strong id="dateline">DALLAS, TX / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / July 9, 2026 / </strong>Fermi Inc. (NASDAQ:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company") today announced the upsized pricing of 5.00% convertible senior notes due 2031 (the "Notes") in an aggregate principal amount of $375 million (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company also granted to the initial purchasers of the Notes an option to purchase, for settlement within 13-day period from the date http://www.streetinsider.com/ACCESS+Newswire/Fermi+Inc.+Prices+Upsized+Offering+of+%24375+Million+of+Convertible+Senior+Notes+-+Dilution+Offset+Until+%2414.64+per+Share/26754266.html Thu, 09 Jul 2026 23:38:00 -0400 FRMI http://www.streetinsider.com/SEC+Filings/Form++8-K++++++++Fermi+Inc.++++++++++++++++For%3A+Jul+09/26753920.html si-local-file:///var/storage/secattach/20260709/26753920.html http://www.streetinsider.com/SEC+Filings/Form++8-K++++++++Fermi+Inc.++++++++++++++++For%3A+Jul+09/26753920.html Thu, 09 Jul 2026 17:13:00 -0400 FRMI http://www.streetinsider.com/Equity+Offerings/Fermi+Inc.+plans+%24350M+convertible+notes+offering+due+2031/26753488.html <p>Fermi Inc. (NASDAQ: FRMI, LSE: FRMI) announced a proposed offering of $350 million in convertible senior notes due 2031, targeted at qualified institutional buyers under Rule 144A of the Securities Act of 1933.</p> <p>The Dallas-based company, operating as Fermi America, also expects to grant initial purchasers an option to buy up to an additional $52.5 million in notes, exercisable within 13 days of the initial issuance date.</p> <p>The notes will mature on July 15, 2031, unless earlier converted, redeemed, or repurchased. Interest will be payable semi-annually. The notes may be converted into cash, common stock, or a combination of both, at the http://www.streetinsider.com/Equity+Offerings/Fermi+Inc.+plans+%24350M+convertible+notes+offering+due+2031/26753488.html Thu, 09 Jul 2026 16:23:12 -0400 FRMI http://www.streetinsider.com/Corporate+News/Fermi+Inc.+plans+%24350M+convertible+notes+offering+due+2031/26753488.html <p>Fermi Inc. (NASDAQ: FRMI, LSE: FRMI) announced a proposed offering of $350 million in convertible senior notes due 2031, targeted at qualified institutional buyers under Rule 144A of the Securities Act of 1933.</p> <p>The Dallas-based company, operating as Fermi America, also expects to grant initial purchasers an option to buy up to an additional $52.5 million in notes, exercisable within 13 days of the initial issuance date.</p> <p>The notes will mature on July 15, 2031, unless earlier converted, redeemed, or repurchased. Interest will be payable semi-annually. The notes may be converted into cash, common stock, or a combination of both, at the http://www.streetinsider.com/Corporate+News/Fermi+Inc.+plans+%24350M+convertible+notes+offering+due+2031/26753488.html Thu, 09 Jul 2026 16:23:12 -0400 FRMI http://www.streetinsider.com/Press+Releases/Fermi+Inc.+Announces+Proposed+Offering+of+%24350+Million+of+Convertible+Senior+Notes+with+Capped+Call+Anti-Dilution+Protection/26753486.html <p><strong id="dateline">DALLAS, TX / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / July 9, 2026 / </strong>Fermi Inc. (NASDAQ:FRMI)(LSE:FRMI), operating as Fermi America^™ ("Fermi" or the "Company") today announced its intention to offer, subject to market conditions and other factors, $350 million aggregate principal amount of convertible senior notes due 2031 (the "Notes") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In connection with the offering, the Company expects to grant to the initial purchasers of the Notes an option to purchase, http://www.streetinsider.com/Press+Releases/Fermi+Inc.+Announces+Proposed+Offering+of+%24350+Million+of+Convertible+Senior+Notes+with+Capped+Call+Anti-Dilution+Protection/26753486.html Thu, 09 Jul 2026 16:20:00 -0400 FRMI