Fermi Stock Slides 18% as $375 Million Lifeline Puts $912 Million Debt Load in Focus
NEW YORK, July 12, 2026, 11:09 EDT Fermi Inc. (NASDAQ:FRMI) shares closed Friday at $6.59, down 10.0%, after the data-center power developer priced an upsized $375 million convertible bond. The stock…
Read the full articleYou might also wanna read
Fermi Inc stock falls 16% after pricing $375M convertible notes offering
Fermi Inc (FRMI) prices $375M 5% convertible senior notes due 2031; stock falls 16%.
seekingalpha.com·6d ago
FRMI Stock Sinks 18% After-Hours — Fermi Launches $350M Convertible Notes Offering
The company plans to use part of the proceeds to fund capped call transactions designed to reduce potential shareholder dilution.
Fermi America Sinks 11.5% with $375 Million Offering
A $375 million convertible note offering sent Fermi America into a sharp Friday selloff, but the real question hanging over the pre-revenue
SpaceX selloff an ominous sign as lockup expiry looms
The company's stock on Wednesday dipped as low as $132.15 before closing at $135.27
Quantum Stocks Slide As Risk-Off Sentiment Hammers IonQ (NYSE: IONQ), D-Wave (NYSE: QBTS), Rigetti (NASDAQ: RGTI) And Quantum Computing (NASDAQ: QUBT)
Quantum computing stocks are bearing the brunt of Monday morning’s broader market selloff, with the entire sector dropping sharply despite n
KOSPI tumbles back below 7,000 in 'Black Thursday' rout
The KOSPI tumbled back below 7,000, Thursday, just one session after a sharp rebound, as concerns over slowing artificial intelligence (AI)
Comments
Sign in to join the conversation.
No comments yet. Be the first.