Fermi Inc. (FRMI)
Fermi will go public soon. The estimated IPO date is October 1, 2025.
IPO Price Range
$18.00 - $22.00
Shares Offered
25,000,000
Deal Size
$500.00M

Company Description

Fermi’s mission is to power the artificial intelligence needs of tomorrow.

We are an advanced energy and hyperscaler development company purpose-built for the AI era. Our mission is to deliver up to 11 gigawatts (“GW”) of low-carbon, HyperRedundant™, and on-demand power directly to the world’s most compute-intensive businesses with 1 GW of power projected to be online by the end of 2026.

We have entered into a long-term lease on a site large enough to simultaneously house the next four largest data center campuses by square footage currently in existence.

In a world in which power is considered a key currency for AI innovation, we believe that Fermi has a unique combination of important advantages that will help propel America’s AI economy forward.

Fermi offers investors an opportunity to invest in AI growth and grid-independent energy infrastructure through a tax-efficient public REIT structure.

Fermi Inc.
Country United States
Founded 2025
IPO Date Oct 1, 2025
Industry REIT - Specialty
Sector Real Estate
Employees 1
CEO Toby R. Neugebauer

Contact Details

Address:
600 S. Tyler St., Suite 1501
Amarillo, TX 79101
United States
Phone (214) 894-7855
Website fermiamerica.com

Stock Details

Ticker Symbol FRMI
Exchange NASDAQ
Reporting Currency USD
CIK Code 0002071778
Employer ID 33-3560468
SIC Code 6798

Key Executives

Name Position
Toby Neugebauer President, Chief Executive Officer and Director
Miles Everson Chief Financial Officer
Jacobo Ortiz Blanes Chief Operating Officer
Larry Kellerman Chief Power Officer
Mesut Uzman Chief Nuclear Construction Officer

Latest SEC Filings

Date Type Title
Sep 24, 2025 S-11/A Filing
Sep 8, 2025 S-11 Filing
Aug 6, 2025 DRS/A [Amend] [Cover] Draft Registration Statement
Jul 3, 2025 DRS [Cover] Draft Registration Statement