Gemini Space Station, Inc.

Background

Company Name	Gemini Space Station, Inc.
Stock Symbol	GEMI
Class Period	September 12, 2025 to February 17, 2026
Lead Plaintiff Motion Deadline	May 18, 2026

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If you suffered a loss on your Gemini Space Station, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filling out this form mean you have joined any lawsuit.

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Shares Purchased

Number of Shares	Buy Date	Price Per Share	Add
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Shares Sold

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Additional Comments

Background

On or around September 12, 2025, Gemini, a self-styled cryptocurrency platform, conducted its IPO, selling 15.2 million shares at $28.00 per share.

On February 5, 2026, Gemini announced a corporate pivot to “Gemini 2.0”, describing three dramatic changes to Gemini’s operations: (1) Gemini’s prediction market would be “more front and center in our experience”; (2) Gemini would reduce its workforce by 25%; and (3) Gemini would exit the United Kingdom, European Union, and Australian markets.

On this news, Gemini’s stock price fell $0.64, or 8.7%, to close at $6.70 per share on February 5, 2026, thereby injuring investors.

Then, on February 17, 2026, Gemini announced the departure of its Chief Operating Officer, Chief Financial Officer, and its Chief Legal Officer. The Company also released preliminary unaudited estimates of its full year 2025 financial results, revealing an approximate 40% increase in operating expenses.

On this news, Gemini’s stock price fell $0.97, or 12.9%, to close at $6.59 per share on February 17, 2026, thereby injuring investors further.

At the commencement of this action, Gemini’s stock traded at $5.96 per share, a 78.7% decline from its $28 per share IPO price.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Gemini had overstated the viability of its core business as a crypto platform; (2) Gemini had overstated its commitment to and/or the viability of growing its business through expanding its international operations; (3) accordingly, Gemini’s post-IPO financial and business prospects were overstated; (4) all of the foregoing raised a non-speculative risk that Gemini was poised for an expensive and disruptive restructuring; and (5) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

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