NasdaqGS:FRMISpecialized REITs
Fermi (FRMI) Is Down 33.4% After Anchor Tenant Nixes $150M Funding Pact – What's Changed
Fermi America disclosed that its prospective first tenant for the Project Matador AI campus in Texas terminated a US$150,000,000 Advance in Aid of Construction agreement, even though no funds had been drawn and lease negotiations are still ongoing.
At the same time, Fermi secured an Electric Service Agreement for up to 200 megawatts of grid power and advanced work on water‑saving cooling technology, underscoring that the project’s physical infrastructure is progressing even as anchor...