The Business Court of Texas rejected all three requests from Fermi Inc.'s former CEO to temporarily block the company's bylaw amendments and nomination deadline for the 2026 Annual Meeting. The court confirmed that Texas law permits the voting standards adopted by Fermi's Board, including a 70% supermajority vote requirement for certain bylaw changes. The former CEO's claims were found to be factually unsupported, and no discovery was ordered. The case's underlying claims remain unresolved, but the court's decision supports the Board's governance actions and allows Fermi to proceed with its shareholder meeting preparations.
The Texas Business Court's recent decision on Fermi Inc.'s former CEO is presented here with Pluang's Industrials sector data for context. As of Sep 18, 2026 01:11 WIB, 52 of 76 priced Industrials-sector US stocks on Pluang rose while 24 fell. Notable movers include LUNR at USD 14.91 with a 7.53% increase, PLUG at USD 2.15 up 6.68%, and SPCE at USD 3.10 gaining 5.63%.
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