Gemini Space Station, Inc. (NASDAQ: GEMI) Investor Alert: Deadline in Lawsuit on May 18, 2026

A deadline is coming up on May 18, 2026 in the lawsuit filed for certain investors of Gemini Space Station, Inc. (NASDAQ: GEMI) over alleged securities laws violations by Gemini Space Station, Inc. (NASDAQ: GEMI).

Investors who purchased shares of Gemini Space Station, Inc. (NASDAQ: GEMI) have certain options and there are strict and short deadlines running. Deadline: May 18, 2026. Gemini Space Station, Inc. (NASDAQ: GEMI) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

New York based Gemini Space Station, Inc. develops a crypto platform to buy, sell, and store crypto assets. Gemini Space Station, Inc. was founded in 2014 to develop and operate a cryptocurrency ("crypto") platform. Historically, Gemini Space Station, Inc. has primarily generated revenue through transaction, deposit, and other fees charged to users of its crypto platform.

Gemini Space Station, Inc. (NASDAQ: GEMI) reported that its annual Total Revenue rose from $98.13 million in 2023 to $142.16 million in 2024, and that its Net Loss declined from $31.59 million in 2023 to $165.82 million in 2024.

On August 15, 2025, Gemini Space Station, Inc. filed a registration statement on Form S-1 with the SEC in connection with the IPO, which, after several amendments, was declared effective on September 11, 2025 (the "Registration Statement").

On September 12, 2025, pursuant to the Registration Statement, Gemini's Class A common stock began publicly trading on the Nasdaq Global Select Market ("NASDAQ") under the ticker symbol "GEMI".

On September 15, 2025, Gemini Space Station, Inc. filed the prospectus for the IPO on Form 424B4 with the SEC in connection with the IPO, which incorporated and formed part of the Registration Statement (together, the "Offering Documents").
Pursuant to the Offering Documents, Gemini issued 15,178,572 shares of the Company's Class A common stock to the public at the Offering price of $28.00 per share for proceeds, before expenses, of $398,437,515 to the Company.

On December 10, 2025, Gemini Space Station, Inc. announced that it would launch a prediction market and offer event contracts to its U.S. customers. At this time, however, the Defendants gave no indication that the Company was poised for an abrupt corporate pivot to a prediction-market-centric business model.

On February 5, 2026, Gemini Space Station, Inc. filed a Regulation FD disclosure on Form 8-K with the SEC, announcing the publication of a blog post authored by Defendants Tyler and Cameron Winklevoss. In this blog post, the Winklevoss brothers 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.

Then, on February 17, 2026, Gemini Space Station, Inc. issued a Current Report on Form 8-K, announcing the departure of Defendant Marshall Beard, its former Chief Operating Officer ("COO"), Defendant Dan Chen, its former Chief Financial Officer ("CFO"), and Tyler Meade, Gemini's former Chief Legal Officer. The Company also offered "preliminary unaudited estimates" of its financial results for the fiscal year ended December 31, 2025, including net revenue of $165 million to $175 million and operating expenses of $520 million to $530 million, an increase of approximately 40% from the previous fiscal year.
On or after February 17, 2026, Gemini Space Station, Inc. updated the live version of the Winklevoss brothers' blog post referenced above, adding language that explicitly tied Gemini's restructuring to the departure of Dan Chen, Gemini Space Station's former Chief Financial Officer, Marshall Beard, Gemini Space Station's former Chief Operating Officer, and Tyler Meade, Gemini Space Station's former Chief Legal Officer.

Marshall Beard, its former Chief Operating Officer, defendant Dan Chen, its former Chief Financial Officer, and Tyler Meade, Gemini Space's former Chief Legal Officer

Shares of Gemini Space Station, Inc. (NASDAQ: GEMI) declined to as low as $5.49 per share on March 23, 2026.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Gemini Space Station, Inc. (NASDAQ: GEMI) common shares in connection with Gemini Space's September 2025 initial public offering and/or between September 12, 2025 and February 17, 2026, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Furthermore, the plaintiff alleges that between September 12, 2025 and February 17, 2026, the defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the plaintiff alleges that the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that: (i) Gemini had overstated the viability of its core business as a crypto platform; (ii) Gemini had overstated its commitment to and/or the viability of growing its business through expanding its international operations; (iii) accordingly, Gemini's post-IPO financial and business prospects were overstated; (iv) all of the foregoing raised a non-speculative risk that Gemini was poised for an expensive and disruptive restructuring; and (v) as a result, the Offering Documents and Defendants' public statements throughout the Class Period were materially false and misleading at all relevant times.

Those who purchased shares of Gemini Space Station, Inc. (NASDAQ: GEMI) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.