Gemini Space Station (GEMI) Shares Slide Amid Surprise International Pullback and Executive Departures, Both Within Months of IPO – Hagens Berman

SAN FRANCISCO, Feb. 19, 2026 (GLOBE NEWSWIRE) -- On February 17, 2026, investors in Gemini Space Station (NASDAQ: GEMI) saw the price of their shares drop about 13% on the company’s bombshell announcement of three senior executive departures. The stock closed at $6.59, or over 76% below the company’s September 2025 IPO price. About two weeks earlier, Gemini shares dropped again about 9% on news the company would wind down international operations and reduce its workforce by about 25%. The developments and s ...