Fermi shareholders back Neugebauer push for strategic review to maximize value ahead of special meeting

Fermi Inc.

Fermi Inc.

FRMI

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  • Founder Toby Neugebauer escalated a proxy fight, urging shareholders to sign a GREEN agent designation card to force a special meeting.
  • Neugebauer pressed for a dual-track plan of tenant acquisition alongside a strategic review that could include a full-value sale.
  • He said the stock rallied following his open letter, framing the move as shareholder backing ahead of any formal vote.
  • Neugebauer said he is not seeking to return as CEO, calling instead for new leadership to replace nine senior departures since his firing.
  • He disclosed beneficial ownership of 146,516,035 shares, positioning himself as the company’s largest shareholder in the campaign.


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