Shares of Gemini Space Station fell over 10% on February 17, trading below $7 per share in intraday trading, after the company disclosed in a Form 8-K that multiple senior executives departed the company effective immediately, including its Chief Operating Officer, Chief Financial Officer, and Chief Legal Officer. The leadership shakeup comes just months after the company’s September 11, 2025 IPO, in which shares were offered to investors at $28 per share, and follows a previously announced plan to cut up to 25% of the company’s workforce and scale back certain international operations. Block & Leviton is investigating.
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