The Law Offices of Frank R. Cruz announces an investigation of Gemini Space Station, Inc. (“Gemini” or the “Company”) (NASDAQ: GEMI) on behalf of investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON GEMINI SPACE STATION, INC. (GEMI), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

What Is The Investigation About?

On or around September 12, 2025, Gemini, a self-styled cryptocurrency platform, conducted its initial public offering (“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.

Contact Us To Participate or Learn More:

If you purchased Gemini securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260325969040/en/