AMARILLO, Texas, Sept. 24, 2025 /PRNewswire/ -- Fermi LLC (to be converted into Fermi Inc. prior to the effectiveness of its Registration Statement on Form S-11) ("Fermi America") announced today that it has launched the roadshow for its proposed initial public offering of 25,000,000 shares of its common stock. In addition, Fermi America intends to grant the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $18 and $22 per share. Fermi America intends to list its common stock on the Nasdaq Global Select Market and the London Stock Exchange under the ticker symbol "FRMI."

Fermi America intends to use the net proceeds from this offering, together with its existing cash, cash equivalents and short-term investments, to support the continued growth and development of Fermi America's business, to secure personnel, to increase its financial flexibility and for general corporate purposes, including, but not limited to, procurement, construction and installation of long lead-time items.

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

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering, when available, may be obtained from: UBS Securities LLC, 11 Madison Ave, New York, NY 10010, or by email at [email protected], 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 [email protected]; Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor New York, New York 10022; Email: [email protected]; 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 [email protected].

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. 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 the largest nuclear power complex in America, combined-cycle natural gas power, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence at scale.

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SOURCE Fermi America