Fermi Inc. (FRMI) shares fell 15% in midday trading on December 16, 2025, following the abrupt withdrawal of a key strategic partner from a previously announced acquisition agreement. The development has triggered investor concerns over the company's growth trajectory and deal execution capabilities.
- Fermi Inc. (FRMI) stock dropped 15% on December 16, 2025
- A strategic partner withdrew from a previously announced acquisition agreement
- The partner, an unnamed advanced materials firm, cited regulatory and market challenges
- The deal had been expected to close in Q1 2026
- Fermi's market capitalization declined by approximately $120 million post-announcement
- The company has not yet disclosed alternative plans for future growth initiatives
Fermi Inc. (FRMI) experienced a sharp 15% decline in its stock price during morning trading on December 16, 2025, after a major strategic partner formally withdrew from a proposed acquisition deal. The partner, previously identified in public disclosures as a leading player in the advanced materials sector, cited changing market conditions and regulatory uncertainties as the reasons for stepping back. This reversal comes just weeks after the companies announced a definitive agreement in late November, which had been seen as a pivotal step in Fermi’s expansion into high-efficiency energy storage technologies.