<SEC-DOCUMENT>0001213900-25-095551.txt : 20251002
<SEC-HEADER>0001213900-25-095551.hdr.sgml : 20251002
<ACCEPTANCE-DATETIME>20251002174757
ACCESSION NUMBER:		0001213900-25-095551
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250930
FILED AS OF DATE:		20251002
DATE AS OF CHANGE:		20251002

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Everson Miles E.
		CENTRAL INDEX KEY:			0002086551
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42888
		FILM NUMBER:		251370947

	MAIL ADDRESS:	
		STREET 1:		600 S. TYLER ST.
		STREET 2:		SUITE 1501
		CITY:			AMARILLO
		STATE:			TX
		ZIP:			79101

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Fermi Inc.
		CENTRAL INDEX KEY:			0002071778
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				333560468
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		620 S. TAYLOR
		STREET 2:		SUITE 301
		CITY:			AMARILLO
		STATE:			TX
		ZIP:			79101
		BUSINESS PHONE:		512-552-0219

	MAIL ADDRESS:	
		STREET 1:		620 S. TAYLOR
		STREET 2:		SUITE 301
		CITY:			AMARILLO
		STATE:			TX
		ZIP:			79101

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Fermi LLC
		DATE OF NAME CHANGE:	20250605
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>ownership.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2025-09-30</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0002071778</issuerCik>
        <issuerName>Fermi Inc.</issuerName>
        <issuerTradingSymbol>FRMI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002086551</rptOwnerCik>
            <rptOwnerName>Everson Miles E.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>620 S. TAYLOR ST.,</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 301</rptOwnerStreet2>
            <rptOwnerCity>AMARILLO</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>79101</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Financial Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10800000</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>900000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Consists of shares of restricted stock of Fermi Inc. (the &quot;Issuer&quot;) subject to time-based vesting conditions.</footnote>
        <footnote id="F2">Reflects shares of common stock of the Issuer directly held by Lady Bird Advisory 2 LLC (&quot;Lady Bird&quot;). Mr. Everson is a managing member of Lady Bird and may be deemed to beneficially own common stock of the Issuer held by Lady Bird. Mr. Everson disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that Mr. Everson is the beneficial owner of such securities for purposes of Sections 13 or 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Miles E. Everson</signatureName>
        <signatureDate>2025-09-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
