Financing ·
Fermi Inc. closed an upsized offering of $431.25 million in 5.00% convertible senior notes due 2031, generating…
FRMIFermi Inc.
Fermi Inc. closed an upsized offering of $431.25 million in 5.00% convertible senior notes due 2031, generating approximately $416.81 million in net proceeds. The company entered into capped call transactions with an initial cap price of $14.64 per share to mitigate potential dilution. Fermi Inc. operates in the energy and AI infrastructure sector, developing large-scale private electric grids and data campus sites.