Fermi files consent revocation statement to ousted CEO's shareholders meeting call, stock up
Fermi (FRMI) shares rose 3.38% to $6.73 after announcing a preliminary consent revocation statement against ousted CEO Toby Neugebauer's attempt to hold a special shareholders meeting. The stock has increased ~21% since Neugebauer's removal, despite UBS downgrading FRMI due to leadership issues. Caddis Capital, a major shareholder, supports the board's decision against Neugebauer's proposals, emphasizing the need for stable leadership. The revocation statement is pending SEC review.
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