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

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN GEMINI SPACE STATION, INC. (GEMI), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?

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:

Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.

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

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