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On 28 January 2026, Fermi Inc. announced it has applied to the London Stock Exchange (LSE) for the admission of 4,875,000 shares of Common Stock related to an over-allotment option exercise and 30,667,137 additional shares of Common Stock. Admission is expected at 8:00 a.m. on 29 January 2026, after which 628,339,760 shares of Common Stock with voting rights will be admitted to the Official List of the FCA and to trading on the LSE.
| Date | 28 Jan 2026 |
| Time | 12:00:01 |
| Category | Miscellaneous |
| ID | 7465Q |
28 January 2026
Fermi Inc.
Admission of shares of Common Stock and Total Voting Rights
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, announces that further to admission of 592,797,623 shares of common stock of $0.001 per share ("Common Stock") to the Equity Shares (International Commercial Companies Secondary Listing) category of the Official List of the UK's Financial Conduct Authority (the "FCA") and to trading on the Main Market of London Stock Exchange plc ("LSE") on 2 October 2025, the Company has applied to the LSE for the admission of (i) 4,875,000 shares of Common Stock ("Option Shares") related to the exercise in full of the over-allotment option granted by the Company to the underwriters (the "Underwriters") under the terms of the underwriting agreement entered into by the Company and the Underwriters on 30 September 2025 ("Option Admission"); and (ii) 30,667,137 additional shares of Common Stock ("Additional Shares" and, together with the Option Shares, the "Shares") ("Additional Shares Admission" and, together with Option Admission, "Admission").
Admission is expected to take place at 8:00 a.m. on 29 January 2026.
The Shares are fully paid and rank pari-passu in all respects with the Company's shares of Common Stock currently admitted to the Official List of the FCA and to trading on the Main Market of the LSE.
Total voting rights
Following Admission, there will be 628,339,760 shares of Common Stock each in issue with voting rights admitted to the Official List of the FCA and to trading on the Main Market of the LSE. No shares are held in treasury. This figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
About Fermi
Fermi America™ (Nasdaq & LSE: FRMI) (https://fermiamerica.com/) is pioneering the development of next-generation private 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™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world's largest, 11 GW next-gen private grid. The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence.
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