Toby Neugebauer & Fermi Inc.

Toby Neugebauer: Toby Neugebauer, co-founder and largest shareholder of Fermi Inc., is suspending his proxy campaign due to a judge's recusal, which has disrupted the timeline for seating new directors and overseeing a strategic process for Fermi Inc.. He remains committed to good governance and monitoring Fermi Inc.'s Project Matador.

Fermi Inc.: Fermi Inc. is facing uncertainty regarding its strategic process and future direction due to the suspension of Toby Neugebauer's proxy campaign and the judicial delays. The company's board is under scrutiny for a 70% supermajority bylaw change.

Toby Neugebauer: Toby Neugebauer is the co-founder and largest individual shareholder of Fermi Inc. who is soliciting shareholders to call a Special Meeting to address governance and strategic alternatives.

Fermi Inc.: Fermi Inc. is the company at the center of the shareholder dispute, with its governance and strategic direction being contested by Toby Neugebauer.

Toby Neugebauer: Toby Neugebauer, co-founder and largest shareholder of Fermi Inc., is leading the charge against the Fermi Board's actions to suppress shareholder rights and is seeking to restore good governance to the company. He successfully obtained an order for expedited discovery in the United States — Texas Business Court.

Fermi Inc.: Fermi Inc. is at the center of a shareholder dispute regarding its governance and attempts to suppress shareholder rights. The company's board adopted bylaws imposing a 70% supermajority voting requirement to expand the board, which is being challenged by its largest shareholder, Toby Neugebauer.