Fermi urges shareholders to revoke consents as ex-CEO seeks special meeting to replace board

• Fermi urged shareholders to return a WHITE consent revocation card opposing former CEO Toby Neugebauer’s push to call a special meeting.
• No special meeting has been called; Neugebauer lacks the support required to set a meeting date, including a proposed July 15, 2026 timing.
• The board said Neugebauer was terminated for cause on April 17, 2026; it cited policy violations, misrepresentations, operational disruption.
• Neugebauer and affiliates control about 40% of shares; the company said he needs 50.1% support to obtain authority to call a meeting.
• The board framed the campaign as an attempt to replace directors and force a sale below intrinsic value; it pointed to an 80% IPO-to-date decline.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fermi Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606150700PR_NEWS_USPR_____NY83231) on June 15, 2026, and is solely responsible for the information contained therein.