Fermi America files S-11 for Nasdaq listing, joint lead book-running managers announced.

Fermi America, a private grid campus developer, has filed a registration statement with the SEC for an initial public offering of its common stock. The offering details, including the number of shares and price range, have not been determined. Fermi intends to list its stock on the Nasdaq Global Select Market under the symbol "FRMI". UBS, Cantor, Mizuho, Macquarie Capital, Stifel, and Truist Securities will act as joint lead book-running managers and additional book-running managers, respectively.

Fermi America, a private grid campus developer, has taken a significant step towards public market access by filing a registration statement with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of its common stock. The company, which specializes in developing large-scale nuclear facilities, intends to list its stock on the Nasdaq Global Select Market under the symbol "FRMI."

The IPO details, including the number of shares and price range, have not yet been determined. However, the company has secured notable support from leading financial institutions, with UBS, Cantor, Mizuho, Macquarie Capital, Stifel, and Truist Securities acting as joint lead book-running managers and additional book-running managers, respectively.

Fermi America's strategic positioning in the nuclear energy sector is underscored by its plans to deliver over 11 GW of nuclear generation capacity, with 6 GW dedicated to powering AI infrastructure and data centers. This ambitious goal aligns with the company's objective to be a significant player in the global nuclear renaissance.

The IPO filing follows a series of strategic partnerships and developments for Fermi America, including a memorandum of understanding (MOU) with ASP Isotopes, which positions the company in the critical materials supply chain for advanced computing and energy applications. The MOU contemplates the development of multiple large-scale advanced nuclear fuel enrichment facilities capable of producing significant volumes of High-Assay Low-Enriched Uranium (HALEU) for the small modular reactor industry.

The planned collaboration with ASP Isotopes, which recently listed on the Johannesburg Stock Exchange (JSE: ISO), underscores the growing investor interest in nuclear energy solutions and the potential for high-value revenue streams. The MOU with Fermi America envisions the research, development, and construction of these facilities at the planned HyperGrid Campus in Amarillo, Texas, a strategically pre-qualified nuclear site adjacent to the DOE’s Pantex Plant.

The IPO filing also coincides with ASP Isotopes' transition from research and development to commercial operations, with three operational isotope enrichment facilities and a projected $50-70 million in potential revenues for 2026-2027 from Ytterbium-176 and Silicon-28 alone. The company's strategic positioning in the nuclear supply chain and its ability to deliver on its ambitious targets position it as a promising investment opportunity in the nuclear energy sector.

References:

[1] https://www.stocktitan.net/news/ASPI/asp-isotopes-issues-letter-to-tbyrwnru3429.html