Neugebauer Suspends Current Proxy Campaign While Leading with About 70% of Votes Recorded, Following Judge's Inexplicable Last-minute Recusal That Throws off Timeline for Strategic Process; Reaffirms Confidence in Fermi's Future

Over 70% of votes cast so far have favored calling a special meeting, reflecting strong shareholder pressure on Fermi’s next steps and “future” direction. The situation also escalated after the company’s two leading law firms withdrew from the case, reinforcing ongoing governance/legal uncertainty rather than resolution.

Analysis

Over 70% of votes cast so far have favored calling a special meeting, reflecting strong shareholder pressure on Fermi’s next steps and “future” direction. The situation also escalated after the company’s two leading law firms withdrew from the case, reinforcing ongoing governance/legal uncertainty rather than resolution.