Oct. 23 at 3:48 PM
                            
$FRMI Fermi Inc. (FRMI) is subject to an insider lock-up period of 180 days following its IPO, which began on October 1, 2025, and is set to expire on or around March 30, 2026. During this time, insiders like executives and early investors cannot sell their shares to prevent a flood of new stock on the market that could drive down the price. Separately, there is also a quiet period that applies to the company, which prohibits certain communications with the public to ensure all investors have access to the same information at the same time