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Fermi's co-founder Toby Neugebauer backs a sale to maximize shareholder value after being removed as CEO.

Market News
20 Apr 2026
PRNewsWire
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Bullish
pluang ai news

Toby Neugebauer, co-founder and largest shareholder of Fermi Inc., praised his team's progress in building the world's largest private power grid and expressed strong support for Project Matador. Despite being removed as CEO without cause, Neugebauer and his family, holding about 40% of shares, have not sold any shares since the IPO, showing alignment with shareholders. He is now urging the Fermi board to initiate a formal sale process led by an independent investment bank to maximize shareholder value and stands ready to support this effort. The company has made significant advancements including securing major permits, financing, and construction milestones for its energy campus, addressing the AI energy crisis.

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Purecore signs LOI to option 100% of Yurchison uranium property in Canada's Athabasca Basin

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Purecore Metals Inc. has signed a non-binding letter of intent with Skyharbour Resources to acquire an option to earn up to 100% interest in the Yurchison uranium property in Saskatchewan's Athabasca Basin. The property covers over 35,000 hectares an...

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Shirofune launches Walmart Connect to automate and unify retail media campaign management.

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Point closes $508.6M HEI securitization, largest ever in home equity investment class

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Reactive hot melt adhesives market to reach $4.29B by 2035, driven by automotive and furniture demand.

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Red Light Holland ships pharmaceutical-grade psilocybin PEX010 to EU for clinical studies after acquiring Filament Health.

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