Fermi Inc. announced that independent director Lee McIntire was appointed as Chief Executive Officer effective August 11, 2026, and subsequently resigned from the Audit Committee. The Board also appointed independent director Jeffrey Stein to the Audit Committee on August 25, 2026. Additionally, the company set October 30, 2026, as the date for its first annual meeting of stockholders with a record date of August 31, 2026. Fermi Inc. operates in the energy sector, focusing on nuclear fusion technology.

Fermi Inc. reported a net loss of $25.8 million ($0.04 per share) for the second quarter ended June 30, 2026, driven by $26.8 million in general and administrative expenses while remaining pre-revenue. The company secured its first anchor customer, TensorWave, via a 15-year binding lease for 222 MW of power with approximately $6.5 billion in total revenue over the contract term. Fermi appointed Lee McIntire as CEO to lead construction and first power delivery. Additionally, the firm established a strategic alliance with Hillcore Energy Capital Corporation to add 2.6 GW of incremental generation at Project Matador without requiring Fermi capital or debt. Post-quarter end, Fermi issued $431 million in convertible senior notes due 2031 at a 5.00% coupon, raising net proceeds of $416.8 million to strengthen liquidity and fund capped call transactions that limit dilution until the stock price exceeds $14.64 per share. Fermi Inc. develops next-generation private electric grids to deliver gigawatt-scale power for AI and advanced computing infrastructure.

Fermi Inc. appointed four new officers effective July 22, 2026: George Wentz as General Counsel, Anna Bofa as Chief Commercial Officer, Jacobo Ortiz as Chief Operating Officer, and Rob Masson as Chief Financial Officer. Ms. Bofa and Mr. Ortiz will maintain their roles as Co-Chairs of the Interim Office of the CEO. The appointments include five-year employment agreements with annual base salaries of $500,000 for Wentz, Bofa, and Ortiz, and $650,000 for Masson. Each officer is eligible for a target annual bonus of 100% of their base salary and participation in the 2025 Long-Term Incentive Plan with aggregate grant values ranging from $2.25 million to $3 million. The company also approved sign-on equity awards and standard indemnification agreements for the new officers. Fermi Inc. operates in the energy infrastructure and technology sector.

Fermi Inc. filed an amendment to its Form 8-K to disclose a response letter from Mr. Miles Everson. Mr. Everson resigned from the Board of Directors effective July 10, 2026. The company received a formal response from Mr. Everson on July 19, 2026, regarding the company's previous July 13, 2026, filing. Fermi Inc. is a corporation based in Texas.

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.

On July 10, 2026, Miles Everson resigned as a director of Fermi Inc., effective immediately. Mr. Everson, a designee of Toby Neugebauer, cited disagreements regarding his access to company books and records and the Board's decision to delegate the oversight of certain financing transactions to the Finance Committee. The company disputed these claims, stating Mr. Everson had full access except for materials related to pending litigation involving Mr. Neugebauer and had previously approved the Finance Committee's establishment. Fermi Inc. is an emerging growth company that operates in an unspecified industry.