Fermi (NASDAQ:FRMI) co-founder and largest shareholder Toby Neugebauer said he is calling for a special shareholder meeting to elect a new board majority, arguing that the company should evaluate strategic alternatives alongside its current tenant strategy for Project Matador.
On a shareholder update call, Neugebauer said he remains proud of what Fermi America has built over the past 15 months but believes the company is entering a new phase of risk as it moves from initial groundwork and infrastructure toward construction of power generation and data centers.
