• Investor Toby Neugebauer has launched a campaign at Fermi (NasdaqGS:FRMI) calling for a special meeting to elect a new independent board majority.
• The campaign is also pushing for a 75 day dual track review that would weigh a sale or partnership alongside a refreshed standalone plan.
• This rise in shareholder activism points to potential changes in Fermi’s governance and long term direction that current and prospective shareholders will want to follow closely.

Fermi’s latest activism push comes with the stock at $6.6, after a gain of 2.6% over the past week and 27.7% over the past month, while the share price is still down 25.2% year to date. For a company where long term return data is not yet available, moves like this often put…