---
title: "Fermi files consent revocation statement to ousted CEO's shareholders meeting call, stock up"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286781844.md"
description: "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."
datetime: "2026-05-18T13:42:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286781844.md)
  - [en](https://longbridge.com/en/news/286781844.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286781844.md)
---

# Fermi files consent revocation statement to ousted CEO's shareholders meeting call, stock up


### Related Stocks

- [FRMI.US](https://longbridge.com/en/quote/FRMI.US.md)

## Related News & Research

- [14:39 ETToby Neugebauer to Host Presentation Defining Path to Maximizing Value for All Fermi Shareholders](https://longbridge.com/en/news/287105929.md)
- [17:42 ETToby Neugebauer Wins In Court, Responds to New Fermi Defensive Actions](https://longbridge.com/en/news/286473226.md)
- [The Texas-size fight over Rick Perry’s nuclear power startup](https://longbridge.com/en/news/286641646.md)
- [Fermi rebuffs former CEO Neugebauer’s attempts to seize board, urges shareholders to reject solicitations](https://longbridge.com/en/news/285380566.md)
- [Caddis Holdings Engages with Fermi Inc. Board with 9.1% Stake](https://longbridge.com/en/news/286604996.md)