Fermi Shares Drop 4.4% Over Permit Issue

Fermi America LLC (NASDAQ:FRM) shares fell 4.4% on Thursday after short‑seller Fuzzy Panda questioned its air permit.
The report alleges the Texas Commission on Environmental Quality’s permit is challenged due to alleged data misuse and procedural violations.
Legal experts say the permit could be in limbo for 1‑2 years best case, or 4‑6 years worst case, threatening Project Matador.
Conflict concerns arise as co‑founder Rick Perry, former Texas governor, is linked to two air commissioners, risking lease revocation and turbine sale.