Fermi Inc. co-founder and largest shareholder Toby Neugebauer issued a press release on June 19, 2026. This statement responds to recent SEC filings by the incumbent board during an escalating governance battle. Neugebauer proposes a dual strategy of securing tenants and pursuing a strategic transaction to maximize shareholder value.
Market interest increased as the company’s stock gained positive momentum following Neugebauer’s previous open letter. The dispute involves accusations against board members, including co-founder Griffin Perry, regarding share sales during a critical period. This power struggle represents a decisive moment for the future direction of Fermi Inc.