Caddis Capital backs Fermi board amid leadership dispute

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Caddis Capital Fully Backs Fermi’s Board, Management, and Long-Term Strategic Plan

May 11, 2026 9:00 AM EDT

Endorses Recent Management Changes and Plan to Appoint Seasoned New Leadership Team

Fermis Second-Largest Shareholder Opposes Efforts of Disgruntled Former CEO to Seize Control of Company and Push for Hasty, Ill-Advised Sale

DALLAS--(BUSINESS WIRE)-- Caddis Capital, LLC (Caddis Capital, the firm, our, or we) is the second-largest shareholder in Fermi Inc. (Fermi or the Company) (NASDAQ: FRMI) (LSE: FRMI), owning approximately 9.3% of the Companys outstanding common shares. Caddis Capital today issued the following statement reaffirming the firms support for Fermis Board... More