Every material Form 8-K Gemini Space Station, Inc. has filed with the SEC since May 14, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Gemini Space Station filed a prospectus supplement under its existing Form S-3 registration statement covering the potential resale of up to 7,142,857 Class A common shares by a single named investor. The filing states that the investor is not obligated to sell any of these shares, and it includes a Nevada legal opinion on the shares' validity.
Up to 7,142,857 Class A common shares, $0.001 par value, registered for potential resale by one named investor
Filed October 14, 2026 as a prospectus supplement to Form S-3, Registration No. 333-299242
Company states the registration does not mean the investor will sell any or all of the shares
Gemini reported second-quarter 2026 total revenue of $45.5 million, up 37% from a year earlier, and a net loss of $107.7 million, down 19% from $133.2 million. Exchange revenue fell 38% amid a softer crypto market, while the company said its services and cost initiatives drove growth and lower expenses. Adjusted EBITDA worsened to a loss of $74.0 million, mainly due to losses on bitcoin received in a May 2026 private placement.
Total revenue was $45.5 million versus $33.3 million in Q2 2025; exchange revenue fell 38% to $12.5 million.
Net loss was $107.7 million versus $133.2 million; loss per share was $(0.89) versus $(27.08).
Adjusted EBITDA loss widened to $74.0 million from $51.9 million a year earlier.
A $16.1 million provision for credit losses on the credit card portfolio was tied to an identity fraud event; an earnings call is set for August 14, 2026 at 8:30 a.m. E.T.
Gemini agreed on May 14, 2026 to sell 7,142,857 Class A shares at $14.00 each, for $100.0 million, to Winklevoss Capital Fund, LLC, its largest existing stockholder, and closed the private placement the same day. The fund paid in about 1,258 Bitcoin, and the filing says the fund is controlled by Cameron and Tyler Winklevoss, whom it identifies as the Company's President and Chief Executive Officer, respectively, and who are also directors, so the sale is a related-party issuance that adds new shares. The 8-K also reports Q1 2026 results, but the revenue and profit figures appear only in the earnings release (Exhibit 99.3), which was not included in the filing text provided.
Private placement of 7,142,857 Class A shares at $14.00 per share, for aggregate proceeds of $100.0 million, closed May 14, 2026
Purchaser paid with approximately 1,258 Bitcoin; the filing says the purchaser is controlled by Cameron and Tyler Winklevoss, who are also directors
Registration rights amended so the shares are registrable; the Form S-3 demand threshold was lowered from $75.0 million to $50.0 million
Q1 2026 earnings release issued May 14, 2026; earnings call set for May 15, 2026 at 8:30 a.m. E.T.
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