SCHEDULE 13G

CUSIP No.

314911108

1

Names of Reporting Persons

Griffin Perry

2

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

(a)

(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 71,946,450.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 71,946,450.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

71,946,450.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

11

Percent of class represented by amount in row (9)

12.67 %

12

Type 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

1

Names of Reporting Persons

Caddis Holdings, LLC

2

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

(a)

(b)

3

Sec Use Only

4

Citizenship or Place of Organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 71,946,450.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 71,946,450.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

71,946,450.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

11

Percent of class represented by amount in row (9)

12.67 %

12

Type 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)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

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)

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)

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