Pencross Energy, LLC Reduces Stake in Fermi Inc. to 4.5%

On May 15, 2026, Pencross Energy, LLC filed a Schedule 13G/A (Amendment No. 2) regarding its holdings in Fermi Inc. (FRMI). The filing indicates that Pencross Energy, LLC beneficially owns 28,412,241 shares of Common Stock, representing a 4.5% ownership stake in the company. This position reflects a decrease in ownership below the 5% threshold, as the previous ownership percentage was not explicitly detailed in the provided data but resulted in the filer checking the box for '5% or less' ownership. Steven Meisel, acting as the Manager of Pencross Energy, LLC, may be deemed to share voting and dispositive power over these shares. The ownership calculation is based on 629,839,790 shares of Common Stock outstanding as of March 23, 2026. The filing was triggered by an event on March 31, 2026, and includes a joint filing agreement with Steven Meisel. The reporting persons have indicated that the securities are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.