Fermi shares spike with Neugebauer supporting new CEO pick in ongoing board fight

Fermi Inc shares rose Wednesday after ex-CEO Toby Neugebauer backed John Sellers of Double Eagle Energy III to take charge of the AI power player. The nod ramps up pressure in an ongoing governance battle over Fermi’s incomplete Project Matador campus.

17 June 2026

NASDAQ:FERM · Stock Market

Fermi Stock Faces A High-Stakes Q1 Test As Founder Fight Deepens

Former Fermi Inc. CEO Toby Neugebauer, along with allied shareholders, pushed forward with a proxy fight in fresh SEC solicitation materials, despite the company’s board stating it has called off the May 29 special meeting that Neugebauer is aiming for.

13 May 2026