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    SEC Form SCHEDULE 13G filed by Fermi Inc.

    11/14/25 6:24:01 AM ET
    $FRMI
    Real Estate Investment Trusts
    Real Estate
    Get the next $FRMI alert in real time by email



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13G


    UNDER THE SECURITIES EXCHANGE ACT OF 1934
    Fermi Inc.

    (Name of Issuer)


    Common Stock

    (Title of Class of Securities)


    314911108

    (CUSIP Number)


    09/30/2025

    (Date of Event Which Requires Filing of this Statement)


    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    Checkbox not checked   Rule 13d-1(b)
    Checkbox not checked   Rule 13d-1(c)
    Checkbox checked   Rule 13d-1(d)






    SCHEDULE 13G

    CUSIP No.
    314911108


    1Names of Reporting Persons

    Griffin Perry
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    UNITED STATES
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    71,946,450.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    71,946,450.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    71,946,450.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    12.67 %
    12Type of Reporting Person (See Instructions)

    IN

    Comment for Type of Reporting Person:  Calculated based on 597,672,623 shares of Common Stock outstanding as of September 30, 2025, as reported on the Issuer's prospectus filed on October 1, 2025, pursuant to Rule 424(b)(4) under the Securities Act of 1933 (the "Prospectus").


    SCHEDULE 13G

    CUSIP No.
    314911108


    1Names of Reporting Persons

    Caddis Holdings, LLC
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    TEXAS
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    71,946,450.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    71,946,450.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    71,946,450.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    12.67 %
    12Type of Reporting Person (See Instructions)

    OO

    Comment for Type of Reporting Person:  Calculated based on 597,672,623 shares of Common Stock outstanding as of September 30, 2025, as reported in the Prospectus.


    SCHEDULE 13G

    Item 1. 
    (a)Name of issuer:

    Fermi Inc.
    (b)Address of issuer's principal executive offices:

    620 S. Taylor, Suite 301, Amarillo, Texas 79101
    Item 2. 
    (a)Name of person filing:

    Griffin Perry
    (b)Address or principal business office or, if none, residence:

    1333 Oak Lawn Ave., Suite 900, Dallas, Texas 75207
    (c)Citizenship:

    See response to Item 4 on cover page.
    (d)Title of class of securities:

    Common Stock
    (e)CUSIP No.:

    314911108
    Item 3.If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
    (a)Checkbox not checked   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
    (b)Checkbox not checked   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
    (c)Checkbox not checked   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
    (d)Checkbox not checked   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
    (e)Checkbox not checked   An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
    (f)Checkbox not checked   An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
    (g)Checkbox not checked   A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
    (h)Checkbox not checked   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)Checkbox not checked   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
    (j)Checkbox not checked   A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
           please specify the type of institution:
    (k)Checkbox not checked   Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
     
    Item 4.Ownership
    (a)Amount beneficially owned:

    See response to Item 9 on cover page. Reflects shares of common stock of Fermi Inc. (the "Issuer") directly held by Caddis Holdings, LLC. Mr. Perry is a managing member of Caddis Holdings, LLC and may be deemed to share voting and dispositive power of the reported securities. Nothing in this statement shall be deemed an admission of beneficial ownership of the reported securities for purposes of Section 13(d) or (g) of the Securities Exchange Act of 1934 or for any other purpose.
    (b)Percent of class:

    See response to Item 11 on cover page.
    (c)Number of shares as to which the person has:
     (i) Sole power to vote or to direct the vote:

    See response to Item 5 on cover page.

     (ii) Shared power to vote or to direct the vote:

    See response to Item 6 on cover page.

     (iii) Sole power to dispose or to direct the disposition of:

    See response to Item 7 on cover page.

     (iv) Shared power to dispose or to direct the disposition of:

    See response to Item 8 on cover page.

    Item 5.Ownership of 5 Percent or Less of a Class.
     
    Item 6.Ownership of more than 5 Percent on Behalf of Another Person.
     
    Not Applicable
    Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
     
    Not Applicable
    Item 8.Identification and Classification of Members of the Group.
     
    Not Applicable
    Item 9.Notice of Dissolution of Group.
     
    Not Applicable

    Item 10.Certifications:
     
    Not Applicable

        SIGNATURE 
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
    Griffin Perry
     
    Signature:/s/ Griffin Perry
    Name/Title:Griffin Perry
    Date:11/14/2025
     
    Caddis Holdings, LLC
     
    Signature:/s/ Griffin Perry
    Name/Title:Griffin Perry/Managing Member
    Date:11/14/2025
    Exhibit Information

    Exhibit A - Joint Filing Agreement

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