Fermi founder group seeks independent strategic review
Fermi’s ($FRMI) founder shareholder group, which says it controls approximately 22% of the company, disclosed a formal proposal asking the board to retain an independent investment bank to review strategic alternatives. The requested review would consider options including a sale or majority recapitalization alongside the company’s standalone plan. The group also wants advisory votes on governance standards and an increase in the general ownership limit from 2.5% to 9.8%, arguing that the curren
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