Arbonia

Arbonia has sold the former Corporate Center in Arbon for around 21 million francs and will remain a tenant on site. A five-year lease was signed with a unilateral option to extend for a further five years. The transaction is part of the strategy to sell properties not required for operations, strengthens liquidity but leads to higher rental expenses. » Más en finanzen.net

Fermi said it substantially completed initial Phase 0 work at Project Matador, secured a 6 GW air permit and filed for an additional 5 GW, and has deployed about $570 million into construction in 2025. The company is pre-revenue with a 2025 net loss driven largely by noncash items, held $409 million cash at year-end and says current liquidity covers obligations for at least 12 months. Management emphasized the need to sign definitive tenant agreements and close project-level financing before committing material capital to the next phase; multiple LOIs and negotiations are ongoing. Fermi intends to elect REIT status for U.S. tax purposes beginning with its short 2025 taxable year and the IPO lockup expired today. » Más en finance.yahoo.com

Fermi's board amended the charter so that changes to the number of directors, directors' term lengths and the amendment process will now require at least 70% of the voting shares. The revision took effect immediately and was filed with the SEC. At the same time, a special shareholder meeting called by former CEO Toby Neugebauer was canceled; major shareholder Caddis Capital supports the current board and rejects Neugebauer's proposals. Fuzzy Panda also raised doubts about an aviation permit for a data center project, while the stock has lost about 82% over the past year. » Más en de.investing.com