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AI brief of an SEC Form 8-K · Gemini Space Station, Inc. (GEMI)

Gemini Space Station sells $100.0 million of stock to Winklevoss fund at $14.00 a share

Neutral Impact 4 of 5 financing Written later

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.

Key points

  • 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.

The filing

CompanyGemini Space Station, Inc. (GEMI)
Form8-K, current report
Filed with the SECMay 14, 2026, 4:34 PM ET
Accession number0002055592-26-000048

Items reported: 1.01 Material Definitive Agreement2.02 Results of Operations3.02 Unregistered Equity Sale7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 14, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.