{"success":true,"data":{"pressRelease":{"id":"30660","rtpr_id":"nNFCc7hTcT","ticker":"GEMI","exchange":"NASDAQ","all_tickers":["GEMI"],"title":"GEMI SHAREHOLDER RIGHTS ALERT: Faruqi & Faruqi, LLP Reminds Gemini Space Station (GEMI) Investors of Securities Class Action Deadline on May 18, 2026","author":"Newsfile Corp","published_at":"2026-05-11T22:42:16.321Z","article_body":"Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson\n(https://api.newsfilecorp.com/redirect/vEOZqcoqqZ) Encourages Investors Who\nSuffered Losses In Gemini To Contact Him Directly To Discuss Their Options\n\nIf you purchased or acquired securities in Gemini\n(https://api.newsfilecorp.com/redirect/JkE1Wi7kkr) (a) Gemini Class A common\nstock pursuant and/or traceable to the Offering Documents (defined below)\nissued in connection with the Company's initial public offering conducted on\nor about September 12, 2025 (the \"IPO\" or \"Offering\"); (b) and/or Gemini\nsecurities between September 12, 2025 and February 17, 2026, both dates\ninclusive (the \"Class Period\") and would like to discuss your legal rights,\ncall Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or\n212-983-9330 (Ext. 1310).\n\n[You may also click here for additional information]\n(https://api.newsfilecorp.com/redirect/GzEZ1T0ggB)\n\nNew York, New York--(Newsfile Corp. - May 11, 2026) - Faruqi & Faruqi, LLP\n(https://api.newsfilecorp.com/redirect/Q2DnxuEAAg), a leading national\nsecurities law firm, is investigating potential claims against Gemini Space\nStation, Inc. (\"Gemini\" or the \"Company\") (NASDAQ: GEMI) and reminds investors\nof the May 18, 2026 deadline to seek the role of lead plaintiff in a federal\nsecurities class action that has been filed against the Company.\n\n(https://images.newsfilecorp.com/files/6455/296964_6a5ff7c164fcc896_001full.jpg)\n\nFaruqi & Faruqi is a leading national securities law firm with offices in New\nYork, Pennsylvania, California and Georgia. The firm has recovered hundreds of\nmillions of dollars for investors since its founding in 1995. See\nwww.faruqilaw.com.\n\nAs detailed below, the complaint alleges that the Company and its executives\nviolated federal securities laws by making false and/or misleading statements\nand/or failing to disclose that: (1) Gemini had overstated the viability of\nits core business as a crypto platform; (2) Gemini had overstated its\ncommitment to and/or the viability of growing its business through expanding\nits international operations; (3) accordingly, Gemini's post-IPO financial and\nbusiness prospects were overstated; (4) all of the foregoing raised a\nnon-speculative risk that Gemini was poised for an expensive and disruptive\nrestructuring; and (5) as a result, the Offering Documents and Defendants'\npublic statements throughout the Class Period were materially false and\nmisleading at all relevant times.\n\nOn September 15, 2025, Gemini filed the prospectus for the IPO on Form 424B4\nwith the SEC in connection with the IPO, which incorporated and formed part of\nthe Registration Statement (together, the \"Offering Documents\").\n\nPursuant to the Offering Documents, Gemini issued 15,178,572 shares of the\nCompany's Class A common stock to the public at the Offering price of $28.00\nper share for proceeds, before expenses, of $398,437,515 to the Company.\n\nOn December 10, 2025, Gemini announced that it would launch a prediction\nmarket and offer event contracts to its U.S. customers. At this time, however,\nthe Defendants gave no indication that the Company was poised for an abrupt\ncorporate pivot to a prediction-market-centric business model.\n\nThe truth began to emerge on February 5, 2026, when Gemini filed a Regulation\nFD disclosure on Form 8-K with the SEC, announcing the publication of a blog\npost authored by Defendants Tyler and Cameron Winklevoss. In this blog post,\nthe Winklevoss brothers announced a corporate pivot to \"Gemini 2.0\",\ndescribing three dramatic changes to Gemini's operations: (1) Gemini's\nprediction market would be \"more front and center in our experience\"; (2)\nGemini would reduce its workforce by 25%; and (3) Gemini would exit the United\nKingdom, European Union, and Australian markets.\n\nOn this news, Gemini's Class A common stock price fell $0.64 per share, or\n8.72%, to close at $6.70 per share per share on February 5, 2026.\n\nThen, on February 17, 2026, Gemini issued a Current Report on Form 8-K,\nannouncing the departure of Defendant Marshall Beard, its former Chief\nOperating Officer (\"COO\"), Defendant Dan Chen, its former Chief Financial\nOfficer (\"CFO\"), and Tyler Meade, Gemini's former Chief Legal Officer. The\nCompany also offered \"preliminary unaudited estimates\" of its financial\nresults for the fiscal year ended December 31, 2025, including net revenue of\n$165 million to $175 million and operating expenses of $520 million to $530\nmillion, an increase of approximately 40% from the previous fiscal year.\n\nOn this news, Gemini's stock price fell $0.975 per share, or 12.9%, to close\nat $6.585 per share on February 17, 2026.\n\nOn or after February 17, 2026, Defendants updated the live version of the\nWinklevoss brothers' blog post referenced above, adding language that\nexplicitly tied Gemini's restructuring to the departure of Defendant Chen,\nDefendant Beard, and Tyler Meade from the Company.\n\nThe court-appointed lead plaintiff is the investor with the largest financial\ninterest in the relief sought by the class who is adequate and typical of\nclass members who directs and oversees the litigation on behalf of the\nputative class. Any member of the putative class may move the Court to serve\nas lead plaintiff through counsel of their choice, or may choose to do nothing\nand remain an absent class member. Your ability to share in any recovery is\nnot affected by the decision to serve as a lead plaintiff or not.\n\nFaruqi & Faruqi, LLP also encourages anyone with information regarding\nGemini's conduct to contact the firm, including whistleblowers, former\nemployees, shareholders and others.\n\nTo learn more about the Gemini Space Station class action, go to\nwww.faruqilaw.com/GEMI or call Faruqi & Faruqi partner Josh Wilson directly at\n877-247-4292 or 212-983-9330 (Ext. 1310).\n\nFollow us for updates on LinkedIn\n(https://api.newsfilecorp.com/redirect/B5Ek7sPKKK), on X\n(https://api.newsfilecorp.com/redirect/5W8NqsW88J), or on Facebook\n(https://api.newsfilecorp.com/redirect/LqynMuGWWg).\n\nAttorney Advertising. The law firm responsible for this advertisement is\nFaruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or\npredict a similar outcome with respect to any future matter. We welcome the\nopportunity to discuss your particular case. All communications will be\ntreated in a confidential manner.\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/296964","article_body_html":"","raw_payload":{"data":{"id":"nNFCc7hTcT","title":"GEMI SHAREHOLDER RIGHTS ALERT: Faruqi & Faruqi, LLP Reminds Gemini Space Station (GEMI) Investors of Securities Class Action Deadline on May 18, 2026","author":"Newsfile Corp","ticker":"GEMI","created":"2026-05-11T22:42:16.321Z","tickers":["GEMI"],"exchange":"NASDAQ","article_body":"Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson\n(https://api.newsfilecorp.com/redirect/vEOZqcoqqZ) Encourages Investors Who\nSuffered Losses In Gemini To Contact Him Directly To Discuss Their Options\n\nIf you purchased or acquired securities in Gemini\n(https://api.newsfilecorp.com/redirect/JkE1Wi7kkr) (a) Gemini Class A common\nstock pursuant and/or traceable to the Offering Documents (defined below)\nissued in connection with the Company's initial public offering conducted on\nor about September 12, 2025 (the \"IPO\" or \"Offering\"); (b) and/or Gemini\nsecurities between September 12, 2025 and February 17, 2026, both dates\ninclusive (the \"Class Period\") and would like to discuss your legal rights,\ncall Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or\n212-983-9330 (Ext. 1310).\n\n[You may also click here for additional information]\n(https://api.newsfilecorp.com/redirect/GzEZ1T0ggB)\n\nNew York, New York--(Newsfile Corp. - May 11, 2026) - Faruqi & Faruqi, LLP\n(https://api.newsfilecorp.com/redirect/Q2DnxuEAAg), a leading national\nsecurities law firm, is investigating potential claims against Gemini Space\nStation, Inc. (\"Gemini\" or the \"Company\") (NASDAQ: GEMI) and reminds investors\nof the May 18, 2026 deadline to seek the role of lead plaintiff in a federal\nsecurities class action that has been filed against the Company.\n\n(https://images.newsfilecorp.com/files/6455/296964_6a5ff7c164fcc896_001full.jpg)\n\nFaruqi & Faruqi is a leading national securities law firm with offices in New\nYork, Pennsylvania, California and Georgia. The firm has recovered hundreds of\nmillions of dollars for investors since its founding in 1995. See\nwww.faruqilaw.com.\n\nAs detailed below, the complaint alleges that the Company and its executives\nviolated federal securities laws by making false and/or misleading statements\nand/or failing to disclose that: (1) Gemini had overstated the viability of\nits core business as a crypto platform; (2) Gemini had overstated its\ncommitment to and/or the viability of growing its business through expanding\nits international operations; (3) accordingly, Gemini's post-IPO financial and\nbusiness prospects were overstated; (4) all of the foregoing raised a\nnon-speculative risk that Gemini was poised for an expensive and disruptive\nrestructuring; and (5) as a result, the Offering Documents and Defendants'\npublic statements throughout the Class Period were materially false and\nmisleading at all relevant times.\n\nOn September 15, 2025, Gemini filed the prospectus for the IPO on Form 424B4\nwith the SEC in connection with the IPO, which incorporated and formed part of\nthe Registration Statement (together, the \"Offering Documents\").\n\nPursuant to the Offering Documents, Gemini issued 15,178,572 shares of the\nCompany's Class A common stock to the public at the Offering price of $28.00\nper share for proceeds, before expenses, of $398,437,515 to the Company.\n\nOn December 10, 2025, Gemini announced that it would launch a prediction\nmarket and offer event contracts to its U.S. customers. At this time, however,\nthe Defendants gave no indication that the Company was poised for an abrupt\ncorporate pivot to a prediction-market-centric business model.\n\nThe truth began to emerge on February 5, 2026, when Gemini filed a Regulation\nFD disclosure on Form 8-K with the SEC, announcing the publication of a blog\npost authored by Defendants Tyler and Cameron Winklevoss. In this blog post,\nthe Winklevoss brothers announced a corporate pivot to \"Gemini 2.0\",\ndescribing three dramatic changes to Gemini's operations: (1) Gemini's\nprediction market would be \"more front and center in our experience\"; (2)\nGemini would reduce its workforce by 25%; and (3) Gemini would exit the United\nKingdom, European Union, and Australian markets.\n\nOn this news, Gemini's Class A common stock price fell $0.64 per share, or\n8.72%, to close at $6.70 per share per share on February 5, 2026.\n\nThen, on February 17, 2026, Gemini issued a Current Report on Form 8-K,\nannouncing the departure of Defendant Marshall Beard, its former Chief\nOperating Officer (\"COO\"), Defendant Dan Chen, its former Chief Financial\nOfficer (\"CFO\"), and Tyler Meade, Gemini's former Chief Legal Officer. The\nCompany also offered \"preliminary unaudited estimates\" of its financial\nresults for the fiscal year ended December 31, 2025, including net revenue of\n$165 million to $175 million and operating expenses of $520 million to $530\nmillion, an increase of approximately 40% from the previous fiscal year.\n\nOn this news, Gemini's stock price fell $0.975 per share, or 12.9%, to close\nat $6.585 per share on February 17, 2026.\n\nOn or after February 17, 2026, Defendants updated the live version of the\nWinklevoss brothers' blog post referenced above, adding language that\nexplicitly tied Gemini's restructuring to the departure of Defendant Chen,\nDefendant Beard, and Tyler Meade from the Company.\n\nThe court-appointed lead plaintiff is the investor with the largest financial\ninterest in the relief sought by the class who is adequate and typical of\nclass members who directs and oversees the litigation on behalf of the\nputative class. Any member of the putative class may move the Court to serve\nas lead plaintiff through counsel of their choice, or may choose to do nothing\nand remain an absent class member. Your ability to share in any recovery is\nnot affected by the decision to serve as a lead plaintiff or not.\n\nFaruqi & Faruqi, LLP also encourages anyone with information regarding\nGemini's conduct to contact the firm, including whistleblowers, former\nemployees, shareholders and others.\n\nTo learn more about the Gemini Space Station class action, go to\nwww.faruqilaw.com/GEMI or call Faruqi & Faruqi partner Josh Wilson directly at\n877-247-4292 or 212-983-9330 (Ext. 1310).\n\nFollow us for updates on LinkedIn\n(https://api.newsfilecorp.com/redirect/B5Ek7sPKKK), on X\n(https://api.newsfilecorp.com/redirect/5W8NqsW88J), or on Facebook\n(https://api.newsfilecorp.com/redirect/LqynMuGWWg).\n\nAttorney Advertising. The law firm responsible for this advertisement is\nFaruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or\npredict a similar outcome with respect to any future matter. We welcome the\nopportunity to discuss your particular case. All communications will be\ntreated in a confidential manner.\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/296964"},"type":"article","timestamp":"2026-05-11T22:42:16.373147633Z","server_sent_at_ms":1778539336373},"received_at":"2026-05-11T22:42:16.425Z","source_url":"https://www.newsfilecorp.com/release/296964"},"analysis":{"id":"22713","press_release_id":"30660","analysis_json":{"redFlags":[],"eventType":"legal_litigation","narrative":"Faruqi & Faruqi, LLP is investigating potential claims against Gemini Space Station, Inc. and reminding investors of the May 18, 2026 deadline to seek the role of lead plaintiff in a federal securities class action.\n\nThe complaint alleges that Gemini overstated the viability of its core business as a crypto platform and its commitment to expanding international operations, leading to materially false and misleading statements.\n\nOn February 5, 2026, Gemini announced a corporate pivot to 'Gemini 2.0', including a focus on prediction markets, a 25% workforce reduction, and exiting the UK, EU, and Australian markets. The stock price fell 8.72% to $6.70 per share.\n\nOn February 17, 2026, Gemini disclosed the departure of its COO, CFO, and Chief Legal Officer, along with preliminary unaudited financial results for 2025. 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The stock price fell 8.72% to $6.70 per share.\n\nOn February 17, 2026, Gemini disclosed the departure of its COO, CFO, and Chief Legal Officer, along with preliminary unaudited financial results for 2025. The stock price fell 12.9% to $6.585 per share.","key_figures":{},"named_entities":{"people":[{"name":"James (Josh) Wilson","role":"Securities Litigation Partner"},{"name":"Tyler Winklevoss","role":"Co-Founder"},{"name":"Cameron Winklevoss","role":"Co-Founder"},{"name":"Marshall Beard","role":"Former COO"},{"name":"Dan Chen","role":"Former CFO"},{"name":"Tyler Meade","role":"Former Chief Legal Officer"}],"products":[],"companies":[{"name":"Faruqi & Faruqi, LLP","relationship":"plaintiff law firm"},{"name":"Gemini Space Station, Inc.","ticker":"GEMI","relationship":"target"}],"dollarAmounts":[{"amount":"$398,437,515","context":"proceeds from the IPO before expenses"},{"amount":"$165 million to $175 million","context":"preliminary unaudited net revenue for fiscal year 2025"},{"amount":"$520 million to $530 million","context":"preliminary unaudited operating expenses for fiscal year 2025"},{"amount":"$0.64","context":"stock price fall on February 5, 2026"},{"amount":"$6.70","context":"closing stock price on February 5, 2026"},{"amount":"$0.975","context":"stock price fall on February 17, 2026"},{"amount":"$6.585","context":"closing stock price on February 17, 2026"}]},"model_name":"Qwen/Qwen2.5-72B-Instruct-AWQ","prompt_hash":"sha256:a76fb3b19e8e8b7b","schema_hash":"sha256:8658c370b800cf3d","created_at":"2026-05-12T02:22:18.401Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":57823,"modelName":"george-droid-qwen-72b"}}