REG - Fermi Inc. - Admission to Trading on the London Stock Exchange
02/10/2025 07:00
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RNS Number : 7981B Fermi Inc. 02 October 2025
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, NEW
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For immediate release
Fermi Inc.
Admission to Trading on the London Stock Exchange
2 October 2025 - Fermi Inc. (NASDAQ and LSE: FRMI) ("Fermi" or the "Company"),
the Texas-based company focused on developing electric grids that deliver
on-demand power at gigawatt scale required to create next-generation
artificial intelligence, is pleased to announce that all of its issued shares,
consisting of 592,797,623 shares of Common Stock, have today been admitted to
the Equity Shares (International Commercial Companies Secondary Listing)
category of the Official List of the UK's Financial Conduct Authority and to
trading on the Main Market of the London Stock Exchange ("LSE") ("Admission")
under the ticker "FRMI". Admission to trading on the LSE follows Fermi's
listing on Nasdaq on 1 October 2025.
Admission follows the publication of the Company's Prospectus on 1 October
2025 which is available on the Company's website at
fermiamerica.com/investor-relations
(http://fermiamerica.com/investor-relations) .
Project Matador, a 5,236-acre site in Amarillo, Texas, plans to deliver up to
11 gigawatts of low-carbon, behind-the-meter power by building a HyperGrid™
that is expected to house one of the largest nuclear power complexes in
America, with combined-cycle natural gas, utility grid power, solar power, and
battery energy storage, to support the power needs of artificial intelligence
at scale.
Toby Neugebauer, CEO of Fermi, commented: "The market understands that AI and
chips are only as good as the power that supports them.
This IPO injects significant capital onto our balance sheet, enabling us to
continue locking up long lead-time items and executing at the velocity of the
last ten months which will be required to deliver power at scale. We are very
pleased with the strong investor demand for our IPO in both London and New
York, and remain laser-focused on execution, which will add stakeholder value
and help America win the race to powering the future of AI."
UBS Investment Bank, Berenberg, Ocean Wall, Panmure Liberum and Rothschild
& Co are acting as financial advisers to the Company.
About Fermi
Fermi is focused on developing electric grids that deliver on-demand power at
gigawatt scale, required to create next-generation artificial intelligence.
Project Matador, a 5,236-acre site in Amarillo, Texas, plans to deliver up to
11 gigawatts of low-carbon, behind-the-meter power by building a HyperGrid™
that is expected to house one of the largest nuclear power complexes in
America, with combined-cycle natural gas, utility grid power, solar power, and
battery energy storage, to support the power needs of artificial intelligence
at scale.
fermiamerica.com/investor-relations
(http://fermiamerica.com/investor-relations)
Enquiries:
Lexi Swearingen
Media@FermiAmerica.com (mailto:Media@FermiAmerica.com)
Tavistock - 020 7920 3150 / fermi@tavistock.co.uk
(mailto:fermi@tavistock.co.uk)
Jos Simson
Simon Hudson
Nick Dibden
Financial Advisers
UBS Investment Bank
Gregor Feige/ Dan Murphy
Tel: (888) 827-7275
Berenberg
Matthew Armitt/ Jennifer Lee/ Ciaran Walsh
Tel: +44 (0) 203 207 7800
Ocean Wall
Nick Lawson/ Nicky Grant/ Charlie Foreman
Tel: 0203 488 2168
Panmure Liberum
Scott Mathieson/ Amrit Mahbubani
Tel: +44 (0) 20 3100 2000
Rothschild & Co
Peter Nicklin/Ben Glaeser/ Jon Dale
Tel: +44 (0) 207 280 5000
For further information, please visit the Investor Relations section of our
website at: fermiamerica.com/investor-relations
IMPORTANT NOTICE
Neither this announcement nor anything contained herein shall form the basis
of, or be relied upon in connection with, any offer or commitment whatsoever
in any jurisdiction. Investors should not purchase or subscribe for any shares
referred to in this announcement by Fermi Inc. ("Fermi" or the "Company" and,
together with its subsidiaries, the "Group") in connection with admission of
its shares to the Equity Shares (International Commercial Companies Secondary
Listing ) category of the Official List of the FCA and to trading on the main
market for listed securities of the London Stock Exchange ("Admission").
The information contained in this announcement is for background purposes only
and does not purport to be full or complete. No reliance may or should be
placed by any person for any purpose on the information contained in this
announcement or its accuracy, fairness or completeness. The information in
this announcement is subject to change.
This announcement does not constitute or form part of an offer to sell or
issue, or a solicitation of an offer to subscribe for or buy any shares, and
investors should not purchase or subscribe for any shares referred to in this
announcement. Neither this announcement nor anything contained herein shall
form the basis of, or be relied upon in connection with, any offer or
commitment whatsoever in any jurisdiction.
Neither this announcement, nor the information contained within it, is for
publication or distribution, in whole or in part, directly or indirectly, in
or into the United States of America, Australia, New Zealand, Canada, Japan,
The Republic of South Africa or any other jurisdiction where to do so would
constitute a violation of the relevant laws of such jurisdiction. The
distribution of this announcement or the information contained within it may
be restricted by law in certain jurisdictions and persons into whose
possession any document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any failure to
comply with these restrictions may constitute a violation of the securities
laws of any such jurisdiction.
Each of UBS Investment Bank, Berenberg, Ocean Wall, Panmure Liberum and
Rothschild & Co (together, the "Financial Advisers") are acting
exclusively for the Company and for no other person in connection with
Admission. Each of the Financial Advisers will not regard any other person
(whether or not a recipient of this announcement) as its respective client in
relation to Admission and will not be responsible to anyone other than the
Company for providing the protections afforded to its clients or for providing
advice in relation to Admission or any transaction, matter, or arrangement
referred to in this announcement.
None of the Financial Advisers nor any of its affiliates and/or any of its or
its affiliates' directors, officers, employees, advisers and/or agents or any
other person accepts any responsibility or liability whatsoever for the
contents of, or makes any representation or warranty, express or implied, as
to, the truth, accuracy or completeness of the information in this
announcement (or whether any information has been omitted from the
announcement) and/or any other information relating to the Company and/or its
subsidiaries and associated companies, whether written, oral or in a visual or
electronic form, and howsoever transmitted or made available, or for any loss
howsoever arising from any use of the announcement or its contents or
otherwise arising in connection therewith. Accordingly, each Financial Adviser
and its affiliates, its or its affiliates' respective directors, officers or
employees, and any other person acting on their behalf expressly disclaims, to
the fullest extent possible, any and all liability whatsoever for any loss
howsoever arising from, or in reliance upon, the whole or any part of the
contents of this announcement, whether in tort, contract or otherwise which
they might otherwise have in respect of this announcement or its contents or
otherwise arising in connection therewith.
This announcement contains "forward-looking statements" and "forward-looking
information" that are based on the Company's expectations, estimates and
projections as of the date on which the statements were made. This
forward-looking information includes, among other things, statements with
respect to the Company's business and growth strategies with respect to
Project Matador, or Company's plan, development, objectives, performance,
outlook, growth, cash flow, projections, targets and expectations. Generally,
this forward looking information can be identified by the use of
forward-looking terminology such as "outlook", "anticipate", "project",
"target", "likely", "believe", "estimate", "expect", "intend", "may", "would",
"could", "should", "scheduled", "will", "plan", "forecast", "evolve", "seek",
"position" and similar expressions.
Persons reading this announcement are cautioned that such statements are only
predictions, and that the Company's actual future results or performance may
be materially different.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the Company's actual results,
level of activity, performance or achievements to be materially different from
those expressed or implied by such forward-looking information. These
statements speak only as of the date of this announcement. Actual operational
and financial results or events may differ materially from the Company's
expectations contained in the forward-looking statements as a result of
various factors, many of which are beyond the control of the Company.
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