- Fermi America announced the pricing of its initial public offering at $21.00 per share. - The offering includes 32,500,000 shares of common stock with an option for underwriters to purchase an additional 4,875,000 shares. - Trading of the shares is expected to begin on Nasdaq on October 1, 2025, and on the London Stock Exchange on October 2, 2025, under the ticker symbol "FRMI." - The offering is set to close on October 2, 2025, subject to customary closing conditions. - UBS Investment Bank, Evercore ISI, Cantor, and Mizuho are the book-running managers for the offering. - Several firms, including Macquarie Capital, Rothschild & Co, and Stifel, are also serving as bookrunners. - A registration statement for these securities has been filed and declared effective by the Securities and Exchange Commission. - The offering will be made only by means of a prospectus, with detailed information available from the listed banks. - Fermi America is focused on developing next-generation electric grids for delivering gigawatt-scale power. - The company was co-founded by former U.S. Energy Secretary Rick Perry and Toby Neugebauer. - The project aims to integrate nuclear power with natural gas, solar power, and battery storage for hyperscaler artificial intelligence applications.

Fermi America Announces Pricing of Initial Public Offering

News provided by Fermi America

Sep 30, 2025, 18:06 ET

AMARILLO, Texas, Sept. 30, 2025 /PRNewswire/ -- Fermi Inc. ("Fermi America" or the "Company") announced today the pricing of its initial public offering of 32,500,000 shares of its common stock at a public offering price of $21.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 4,875,000 shares of its common stock at the initial public offering price, less underwriting discounts and commissions.

The shares of the Company's common stock are expected to begin trading on the Nasdaq Global Select Market on October 1, 2025 and the London Stock Exchange on October 2, 2025 under the ticker symbol "FRMI." The offering is expected to close on October 2, 2025, subject to customary closing conditions.

UBS Investment Bank, Evercore ISI, Cantor and Mizuho are acting as the book-running managers for the offering. Macquarie Capital, Rothschild & Co, Stifel, Truist Securities, Berenberg, and Panmure Liberum are acting as bookrunners for the offering. Ocean Wall is acting as an advisor in connection with the offering's listing on the London Stock Exchange.

A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to this offering, when available, may be obtained from: UBS Securities LLC, 11 Madison Avenue, New York, New York 10010, or by email at ol-prospectus-request@ubs.com, or by telephone at (888) 827-7275; Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone at (888) 474-0200 or by email at ecm.prospectus@evercore.com; Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor New York, New York 10022; Email: prospectus@cantor.com; and Mizuho Securities USA LLC, Attention: Equity Capital Markets, 1271 Avenue of the Americas, 3rd Floor, New York, NY 10020, by phone at (212) 205-7600, or by email at US-ECM@mizuhogroup.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Fermi America

Fermi America is pioneering the development of next-generation electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary Rick Perry, and Co-founder and former Co-Managing Partner of Quantum Energy, Toby Neugebauer, Fermi America plans to combine cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world's largest, next-gen private grid. The behind-the-meter campus is expected to integrate one of the largest nuclear power complexes in America, combined-cycle natural gas power, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence at scale.

Contacts

For media inquiries, please contact:
Lexi Swearingen
Media@FermiAmerica.com

SOURCE Fermi America