On August 29, Fermi Inc. fell 8.03% in regular trading, trading at $5.005/share, with turnover of approximately $53.32 million.

The decline reflects continued pressure from regulatory investigations. The company previously disclosed receiving a subpoena from the US District Court for the Eastern District of New York on July 30, requesting documents related to Project Matador and certain former management members. On August 3, the company also received a voluntary document-production request from the US Securities and Exchange Commission involving similar matters. While Fermi stated both requests are broad and contain no allegations of wrongdoing, the regulatory overhang compounds earlier negative catalysts including a director resignation over governance disputes, a $375 million convertible notes issuance that triggered dilution fears, and an ongoing proxy contest involving co-founder Toby Neugebauer.

Within the Data Center REITs sector, the broader group also traded lower, with Equinix down 2.96%, Digital Realty Trust down 3.54%, and Blackstone Digital Infrastructure Trust down 2.64%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)