Fermi (FRMI) Stock: Drop 7% After Data Center Lease Deadline Passes

TLDR Fermi shares fell 7.03% to $2.05 after the TensorWave lease missed its deadline. The October 31 closing deadline passed without the required conditions being satisfied. Fermi and TensorWave remain committed to completing their data center lease agreement. Project-level financing and board approvals remain among the outstanding closing requirements. Fermi plans to provide further details [...]

The post Fermi (FRMI) Stock: Drop 7% After Data Center Lease Deadline Passes appeared first on Blockonomi.